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7 points

Typically apartment blocks are owned and managed by a HOA.

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That’s where then fun starts. You “own” your apartment but can’t do shit without approval by 20 nimbys. Also you pay into a HOA fund for general stuff.

Owning apartments is the worst of both worlds. Get a huge loan just and still don’t get to do with your property what you want. It’s “property” commodified and enshittyficated. But what can one do these days? Buy a house? hahahahaha.

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6 points

It seems only Americans actually have this problem though. Rarely here complaints over here about HOAs.

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There are European countries that have similar systems for apartment buildings where every unit is owend by a different person.

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3 points
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enshittyficated

Lmao. This argument isn’t worth having.

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