How do you solve the problem of condo owners not maintaining a property and letting problems fester for a couple decades after which they might be dead or move out?
There is normally a kind of owners assembly in which the various owners can take (binding) decisions or action regarding such problems or anything that concerns the building as a whole. It might not be mandatory in all countries I suppose, but it should be.
Extreme examples include: https://en.wikipedia.org/wiki/Surfside_condominium_collapse
I cannot express how much pain occurred to figure that out! Still occurring.
The good news for them is, in 5-10 years the dynamics will likely look very different. It's already been changing against landlords, for instance with the covid rent holds, rent control expanding in some areas, cost of money rising and changing market dynamics, etc. I expect a lot of landlords will be trying to exit shortly, and the ones who think they can't are going to be trying to squeeze as much return as they can - as their expected future return due to speculative property prices disappears.
So poster - it might be more worthwhile taking an inventory of who is around you (and if the influence they have is helping you), what YOU actually want your life to look like long term and your own values, and figure out how to get there and if you're willing to pay that price or not.
It may produce more bespoke, custom houses though. But they'll only go to those who can afford to do a LOT more to get it.
The reason why that listing has a $15k broker fee is exactly BECAUSE of the weird and hard to deal with reality that is a rent controlled apartment in NYC.
There are probably other off the books type things going on too, IMO.
If you want something transparent and easy to get for the average person, making it a commodity with clear rules is exactly what you want! If you want to incentivize gaming the system, the other direction encourages that.
Regardless of if it is a commodity or not, there needs to be constant vigilance regarding manipulation, scams, etc. Scams and manipulations are easier to hide when goods AREN'T commodities. There are some amazing horror stories (on both 'sides' of the economy) behind NYC rent controlled apartments and living in NYC in general.
[https://www.merriam-webster.com/dictionary/commodity]
From the link:
"1 : an economic good: such as a : a product of agriculture or mining agricultural commodities like grain and corn b : an article of commerce especially when delivered for shipment reported the damaged commodities to officials c : a mass-produced unspecialized product commodity chemicals commodity memory chips 2 a : something useful or valued that valuable commodity, patience also : THING, ENTITY b : CONVENIENCE, ADVANTAGE … the many commodities incidental to the life of a public office … —Charles Lamb 3 : a good or service whose wide availability typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price 4 : one that is subject to ready exchange or exploitation within a market … stars as individuals and as commodities of the film industry. —Film Quarterly 5 obsolete : QUANTITY, LOT"
Great! Housing should never have been allowed to become a commodity.