This is just anecdote, but it should be enough to raise the question about whether ownership as an issue is overstated. I aged into a morning person, so my favorite vacation activity is strolling the neighborhood in search of an early breakfast. In any Mexican city, I used to see people in front of businesses sweeping the streets with a broom. Similarly, the French Quarter starts every morning cleansing the streets with water and hard-bristle shop brooms.
Slightly diff idea (and Tomas takes some time to make it explicit in his post).
An HOA is gonna be like a pseudo gov acting to constrain the actions of a group of property owners and maybe act as an org for collecting fees for common expense (as I know you know).
Privatization in this context means something that looks more like a mall operator. One owner controls everything and just leases out access.
The important part is that in scenario 1, the property owners all get the upside of the HOA doing things to increase the value of their property. In scenario 2, it’s the owner/operator who internalizes (more of) that increase in value.
This is just anecdote, but it should be enough to raise the question about whether ownership as an issue is overstated. I aged into a morning person, so my favorite vacation activity is strolling the neighborhood in search of an early breakfast. In any Mexican city, I used to see people in front of businesses sweeping the streets with a broom. Similarly, the French Quarter starts every morning cleansing the streets with water and hard-bristle shop brooms.
I feel like you got all the way to an LVT punchline and then left me hanging :)
Soon, I promise
Wait, isn’t this what Homeowners Association selling themselves as? Private entities with control over neighborhoods?
Slightly diff idea (and Tomas takes some time to make it explicit in his post).
An HOA is gonna be like a pseudo gov acting to constrain the actions of a group of property owners and maybe act as an org for collecting fees for common expense (as I know you know).
Privatization in this context means something that looks more like a mall operator. One owner controls everything and just leases out access.
The important part is that in scenario 1, the property owners all get the upside of the HOA doing things to increase the value of their property. In scenario 2, it’s the owner/operator who internalizes (more of) that increase in value.