Caught in the rental trap, we tried to turn our flat into a co-op. Here’s what we learned | Ruby Lott-Lavigna

This kind of homeownership is a sustainable solution to the housing crisis – but it’s not easy in today’s property market

My home, like many people’s, is a place of solace and comfort. It’s somewhere I’ve worked through the end of a long-term relationship, hosted parties, waged an ongoing war with a squirrel in my garden and housed my extensive condiment collection. Despite my emotional ties to this place, I do not own it. Like the other 13 million people in the UK who rent, that puts me in a permanently precarious situation. I am at the behest of a landlord, who can evict me for no reason, at any time.

In this state of uncertainty, you can be reminded of your powerlessness at any moment. That moment came for me and my housemates towards the end of last year, when we found out that our landlords were considering selling. So what did three young professionals with no rich benefactors but an unusually large understanding of housing policy do? We decided to try to turn our house into a cooperative.

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from The Guardian https://ift.tt/ke4nGht