Autore
Nelson, Robert H.

Titolo
Collective private ownerchip of American housing: a social recolution in local governance
Periodico
International Center for Economics Research, Torino. ICER - Working papers series
Anno: 2000 - Fascicolo: 8 - Pagina iniziale: 1 - Pagina finale: 33

In 1970 only one percent of American housing units were located in a homeowner association, condominium or cooperative - the three main instruments of collective private owneship of housing. By 1998, this figure had risen to 15 percent. In major metropolitan areas, 50 percent of new housing units is being built and sold as part of a collective ownership regime. The rapid spread of collective private ownership of American housing is creating a social revolution in local governance. Private organizations are becoming responsible for collective garbage, providing security, maintaining common recreation areas and many other collective tasks within the neighborhoos area of common property ownership. the private enforcement of covenant takes the palce of municipal zoning in regulating the quality of the immediate exterior environment. Private neighborhoods operate under different "constitutional" groundrules than traditional local governments in the public sector. The allocation of voting rights in private associations, for example, is based on property ownership rather tahn numbers of adult residence.




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