Originally Posted by Kefir King
The City will give/sell the properties to the tenants who will live cooperatively using their rents to pay for THE BUILDING instead of into the bank accounts of the former LORDS OF THE LAND.
It was done in the 1970's to create Mitchell-Lama cooperative housing and it can readily be done again on a far wider scale.
Let the LORDS go buy up Philadelphia, or Cairo, or to HELL for that matter!
Landlords are a hangover from feudal times and like royalty, superstitions, and archaic religions they should be done away with.
This is a good idea with one problem. Experience has taught me that in NYC rental housing, EVERYONE is wrong. Tenants abuse the system, landlords abuse the system, all groups have members who are willing to abuse the system - "it's all about MEEEE !!" is the slogan. Take the money and run, the rest of society be damned.
There is a percentage who are literally incapable of working for any sort of common good. I see this in Harlem every day. When is "the city" coming to clean the garbage I heaped up yesterday ? When is "the city" giving me another check for my 12th child ? Sure, I have been unable to properly train and socialize my 11th child, but he is in school now and it is the problem of "the city." Why won't "the city" train my child properly ? And since they won't, they are racist and I am filing a law suit ... and so on.
On the other hand, I know of very well-run TIL buildings, and it might be an idea to focus on similar strategies.