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[meme] How would you rather see this land developed?
(lemmy.world)
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this post was submitted on 06 Sep 2023
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I only the know the version of that in Germany and Austria where the property is being held by a GmbH, similar to a LLC, whose half owned by an e.V., a registered voluntary association acting as the united juridicial person of the inhabitants and half owned by a syndicate e.V. that acts as insurance and solidarity among the syndicate and makes sure that no one can overtake and profit from the property. Inhabitants pay off rent-like loans and but can leave anytime. Rent is usually really low and acts as solidarity towards other houses.
It's called Mietshaussyndikat