I don’t know what country your perspective is based on, but if it is the US, where HOA shittyness is the norm, then yeah, that makes sense.

But that’s not because the structure of a co-op can’t work or do good things. It’s because the culture, zoning laws and regulations over there are UTTERLY FUCKED which means real change is slow as hell to realize, since it involves changing course on decades of legislation, and convincing a LOT of minds to look at home-ownership differently.