• AnotherDirtyAnglo@lemmy.ca
    link
    fedilink
    arrow-up
    3
    ·
    8 months ago

    So are condo buildings, but they don’t own the single family homes, they administrate the common elements and owners of private portions.

    Co-ops can be converted to condos if need be, or given an exemption if they fill a niche that’s advantageous.

    • dubyakay@lemmy.ca
      link
      fedilink
      arrow-up
      1
      ·
      8 months ago

      Why convert Co-ops to condos? They are probably one of the most fair way of property co-ownership and management.

        • dubyakay@lemmy.ca
          link
          fedilink
          arrow-up
          1
          ·
          edit-2
          8 months ago

          Why exempt something that’s really good to begin with?

          In Toronto and Montreal co-ops usually mean:

          • not transferable
          • can’t be sold or traded
          • can’t be inherited
          • can’t be sublet
          • democratic board
          • mandated participation
          • (sometimes) mandated trade between units pending needs

          Sounds like only pros compared to for-profit corporate, government or individual ownership.

              • AnotherDirtyAnglo@lemmy.ca
                link
                fedilink
                arrow-up
                1
                ·
                8 months ago

                My goal here is to take the profit motive out of buying and renting out residential homes. You keep adding taxes to the thing that you don’t want. For example:

                Cigarettes are killing people and costing billions in unnecessary health costs? Add a tax to help offset the damage that smoking causes, and provide a deterrent to continuing to smoke, and adding an incentive to stop – it also provides funding for anti-smoking campaigns, and can subsidize programs to help people quit.

                Burning gasoline and diesel are polluting the air, causing smog, and larger vehicles like SUVs are beating the shit out of roads, and hospitalizing people with lung issues? Add a tax to make it more expensive to pollute, incentivize driving less and buying smaller cars, and cover the cost of road maintenance. People who drive more pay more tax, people who drive less save more money.