The issue with them is that the loans to build the properties are socialised, so if the other members can not pay the debt, the entire loan is the responsibility of those members who can.
Also, the incentives of a cheaper than market rate flat, means that corruption and nepotism is rampant in those buildings.
https://da.m.wikipedia.org/wiki/Andelsboligforening
The issue with them is that the loans to build the properties are socialised, so if the other members can not pay the debt, the entire loan is the responsibility of those members who can.
Also, the incentives of a cheaper than market rate flat, means that corruption and nepotism is rampant in those buildings.
It is not pretty in practice.