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Jan Steinman's avatar

No matter how hard you try, you can't get away from it.

I've been instrumental in forming two co-ops, and currently live in a third.

In each case, the deck has been stacked against us. We pay more for a mortgage. We pay more for insurance. We have limited mobility — you don't just hand co-op shares over to a realtor, even if those shares include tenancy on the land. We have limited liquidity — no bank is going to loan you money, secured by your co-op shares.

Co-ops supposedly have the same limited liability of corporations, and yet, our mortgage holder insists that each co-op member is a guarantor on the loan. Can you imagine a for-profit corporation being required to have all their shareholders co-sign their loans?

There is systemic bias against alternatives to property ownership. That's not going to keep me from trying, but it is an upstream-swim, and is disheartening.

No matter what religion you profess, we all are forced to worship at the Church Of Growth.

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Susannah Eanes's avatar

Excellent article. Something like this was desperately needed in the public discourse. I think it will help people understand how to begin peeling off the layers of corporate bullshit that are killing the planet. Thank you.

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