Investing in a housing cooperative can be a rewarding alternative to the traditional homebuying process. But buying a co-op comes with particular considerations and consequences. This article will review the pros and cons of investing in a co-op so you can make an informed decision. Is a co-op right for you? Let’s find out.Â
What is a co-op?
Co-op is short for housing cooperative. It’s an alternative to home or condo ownership. It’s run like a corporation and owned and controlled by residents. The co-op owns the building, and residents own shares of the co-op.Â
How do …
