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‘I feel trapped’: how home ownership has become a nightmare for many Americans
(www.theguardian.com)
this post was submitted on 25 Feb 2025
64 points (98.5% liked)
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For me the problem of home ownership is also a different one:
A proverb says "you build the first house for your enemy, the second for your friend, and the third for yourself". Which means, if you're young and inexperienced and building your first house, you're gonna fall into all the pitfalls and gonna make all the mistakes that rookies make. But when you have more experience with something (when you have built multiple houses), then you know the right way and then you build better quality.
To me it is clear that communal housing, provided by the city or community, has the potential to be significantly better than individual home building, because it can take advantage of scaling effects (economies of scale are cheaper) and also it can amass experience and make wiser decisions. So i prefer that.
I am personally in the extremely lucky position to live in Vienna, where we have good communal homes. The city builds 200 apartments at a time, then rents them out to the citizens. The rents are cheap, as these are typically non-profit projects, and the quality is good. Good city planning is a thing.