I wouldn't recommend it to anyone who can afford to pay 30% more, quality of life is important. I should've moved already, but I'm lazy and inertia is a beast.
I wouldn't recommend it to anyone who can afford to pay 30% more, quality of life is important. I should've moved already, but I'm lazy and inertia is a beast.
Not dismissing your point, but there's probably also less of the bad side of landlord/owner-association overreach.
But on a personal level, would you prefer a landlord always looking for ways to raise rents, or a paranoid drunk guy hammering on your door at 2am accusing you of spying on them and yelling that they'll cut your fingers off? I'd take a rent hike to avoid that.
In your opinion, its equal or worse when compared to renting? Your coop situation sounds like my experience renting apartments.
What I did understand is that higher rent works as a filter. People with signification socialization problems usually aren't making a lot of money and can't afford high rent, so a building with high rent will filter them out. That's not to say that you'll have great neighbors there, but they probably won't throw trash out of the window or be overwhelmed by concepts like airflow or sound propagation, and they'll have at least some amount of impulse control. I'd avoid properties with government-subsidized apartments if I ever looked for an apartment again.
This is probably true. I mostly rented houses, but the few apartments were nightmares (and cheap!). In my experience, small to medium landlords were the worst. 1- or 2-unit owners are easier to deal with but (sometimes) slower to fix problems as they arise. "Mom and pop" rentals were by far the best experience all around.
I now own a house in a small city. I've noticed each street varies in quality and safety. Streets with densely packed multifamily homes have littered streets and more crime. Single family neighborhoods have less trash (none on mine) but are more likely to fall into disrepair than income producing property. I've also lived in the bad area of my city. I stayed there longer than anywhere. My landlord and neighbors were great. That street was special despite being densely packed multifamily homes.
There are many variables affecting livability. Though, I do wonder about the efficacy of modeling apartment/condo/street satisfaction. Pricing seems less like a filter, and more like a KPI representing maximization of some hidden variables (those affecting housing satisfaction).
Also, I wonder if a dollar value could be placed on "good neighbors".
The dollar value is hard to estimate. I'd pay a few hundred extra to only have neighborly neighbors, but I probably wouldn't if my budget was tighter. Would I pay 2x or 3x the price? It depends. When my one neighbor was escalating hard, I totally would've, but when he's mostly normal? Probably not.