Are there any real benefits to living in a co-op ...

Are there any real benefits to living in a co-op, and what are they?


Share Send to a friend Watch Report
 
 

Posted Answers

Order by
 
51 thumbs up
777

Each coop has its own special character, but many share the same benefits of communal living. If you join a co-op you will enjoy a strong sense of community, you will live in non-profit and, by extension, affordable housing. You will take a part in managing your community, you will meet new and diverse people who just like you wish to live a socialist dream.

There is only one requirement for living in a co-op, is the desire to be a member of a community with a commitment to shared responsibility and member support.


Posted 2 years ago ( permalink )
Rated as
Best Answer
0
1

Helpful?

line
line
line



 

They are essentially the same as condominiums. Here is how it works:

Condo- This is really a form of ownership and has nothing to do with the actual building (Could be a detached house in a nieghborhood or a multi-unit building) With a condo you own the airspace inside the structure the condominium association ownes the structure and common areas. Your condo association fees fund maintenance and other expenses.

Co-op- You own a share of stock that entitles you to live in a unit of the cooperative real estate. You will probably also have to pay an association fee.

The benefits of co ops, like condos, are you will not have the added responsibility of keeping up the exterior, the grounds, or other common areas. Association fees take care of that. Check with a local agent or attorney. My expertise is in the Fayetteville NC real estate market and local customs and laws vary.


Posted 10 months ago ( permalink )
Rated as
#2 out of 2
0
0

Helpful?

line
line
line



Sign in to participate

Got an answer for Ecrivaine32? Would you like to comment on the posted answers, or vote for the one which you think is the best?

Sign up for a free account, or sign in (if you're already a member).

Explore Related Questions

Other people asked questions on similar topics, check out the answers they received:


How long is the downturn in the real estate market going to last?

How long is the downturn in the real estate market going to last?
Submitted by cmacom 8 months ago
  • viewed 420 times

Last answer posted 2 months ago by Adier


I am wanting to relocate to Ketchikan Alaska and ...

I am wanting to relocate to Ketchikan Alaska and am looking for furnished apartment or a house sitting type position...do you have ...
Submitted by Karen 1 month ago
  • viewed 13 times

Last answer posted 11 days ago by Adier


Should we buy?

Is the market down and is it a good time to buy a home?
Submitted by wellkids 2 years ago
  • viewed 743 times

Last answer posted 2 months ago by Adier



» More...

Explore Related Posts in Forums

REAL ESTATE: RI housing: falling prices are healthy

understands the problems with real estate in Rhode Island. Let's examine what the problem wants employers to help prop up RI's falling real estate market by buying homes for their employees

row/independent housing in gated communities

This thread is to capture row/independent gated community projects in Chennai. The ones I know of are, Chettinadu Housing Isha Homes Priyadarshini Shelters Devi Housing LCS Homes Parsn - Medavakkam

Web 2.0 & Real Estate Investing!

I'm just wondering what everyones take on Web 2.0 is when it comes to Real Estate Investing . This question is geared more towards the online marketing element of Real Estate. I'm putting together
» More...
Powered by
Feed - Subscribe to changes to this Q&A Blog

Explore Related Videos

First Person: Community Banker on Credit...

The leader of a community bank in Texas discusses how the country's economic woes affect him, his customers and how they do business together. (Sept. 30)

First Person: Community Banker on Credit...

The leader of a community bank in Texas discusses how the country's economic woes affect him, his customers and how they do business together. (Sept. 30)

Community Organizer Years

'Hannity's America' examines the job Barack Obama says qualifies him for the nation's highest office

WEB EXTRA: Marsh Creek Footballers

The Marsh Creek Eagles in Chester County show their moves with special guest play caller Bob Kelly.

WEB EXTRA: St. Madeline - St. Rose Rally

Students at St. Madeline - St. Rose School in Ridley Park, Pennsylvania held a pep rally for the Phillies.

The Obama Chronicles

What did Barack Obama accomplish as a community organizer in Chicago?

2007 NIHCO Messiah-Worthy/Amen

The NIH Community Orchestra performs a Handel's Messiah SingAlong on December 2, 2007. This acclaimed community orchestra raises money from these events to benefit the Childrens Inn at NIH and other NIH charities.

Behind These Walls: Mural Arts Celebrates...

In the community and around the world, the city of Philadelphia is known as the city of murals. CBS3.com Digital Journalist Nicole Brewer shows you what's behind these walls!

The Barack Obama - ACORN - Voter Fraud...

Clip Exposes the Three Way Barack Obama ACORN Voter Fraud Connection & Barack Obama's history with ACORN. Several municipal clerks across the state are reporting fraudulent and duplicate voter registration applications, most of them from a nationwide community activist group working to help low- and moderate-income families. The majority of the problem applications are coming from the group ACORN, Association of Community Organizations for Reform Now, which has a large voter registration program among its many social service programs. ACORNs Michigan branch, based in Detroit, has enrolled 200,000 voters statewide in recent months, mostly with the use of paid, part-time employees.There appears to be a sizable number of duplicate and fraudulent applications, said Kelly Chesney, spokeswoman for the Michigan Secretary of States Office. And it appears to be widespread. CLEVELAND: A national organization that conducts voter registration drives for low-income people has curtailed its push in Cuyahoga County after the Board of Elections accused its workers of submitting fraudulent registration cards. The board is investigating the Association of Community Organizations for Reform Now. Results of the inquiry could be turned over to the county prosecutor. Board employees said ACORN workers often handed in the same name on a number of voter registration cards, but showing that person living at different addresses. Other times, cards had the same name listed, but a different date of birth. Still another sign of possible fraud showed a number of people living at an address that turned out to be a restaurant.Im obviously very concerned, Board Chairman Jeff Hastings said. This goes to the essence of our democracy. A city based group known for their illegal voter registration efforts in several states. Barack Obama, spending 20 years in Jeremiah Wrights church, listening to anti-white hatred day after day does not qualify you to be president of the United States. Barack Obama, someone who believes in murdering helpless unborn babies by abortion should not be president. Barack Obama who believes in desecrating Holy Matrimony by allowing sodomites to blaspheme God by getting married should not be president. SAY THIS PRAYER: Dear Jesus, I am a sinner and am headed to eternal hell because of my sins. I believe you died on the cross to take away my sins and to take me to heaven. Jesus, I ask you now to come into my heart and take away my sins and give me eternal life. http://www.armyofgod.com
» More...
Powered by