We have taloyhtiö which is similar. The one I live in at the moment is pretty good, we even have our own janitor which is rare nowadays. Today I called the janitor about a leaking pipe and they arranged a plumber for tomorrow, no hassle.
The housing cooperative is much liked and there are elderly people living here that were born in these houses and never lived elsewhere. It’s not a posh neighbourhood either, which is nice. Just normal people.
But of course it varies a lot. Here most of the people who own the flats live in them, and the board members too, but the housing cooperatives whose boards are filled with landlords tend to minimize the upkeep and services. And when also the tenants change all the time the community that would look after itself doesn’t have a chance to grow.
Malfeasant@lemmy.world 2 days ago
In US we call that a housing cooperative, that’s different, because the co-op owns the building(s), then people own shares in the co-op. An HOA generally only owns (and maintains) the common areas, then individuals own their own building, but sometimes there aren’t any common areas, then you’re just paying the HOA for the privilege of being subject to their extra rules. Co-ops are rare, and harder to finance (since you don’t own something that can be foreclosed on)