Enter housing co-operatives. Democratically run, a housing co-operative is managed by its residents, who take on the responsibility for its operation. My experience as a member of a housing co-op, at least, is they work.
Co-operatives: an answer to affordable housing?
With increasing pressure on policymakers to find creative solutions to the housing affordability crisis, more consideration should be given to co-operatives. ANU student Farz Edraki is glad he's part of one.