This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What are the benefits of co-op ownership? What will be an ideal ... (Read 25 times)

mynx

  • Hero Member
  • *****
  • Posts: 555
on: Aug 2, 2018
What are the benefits of co-op ownership?
 
  What will be an ideal response?

Question 2

How is the co-op a form of real estate ownership?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pami445

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Aug 2, 2018
Answer to Question 1

By spreading the cost of acquiring and maintaining real estate over a group of individual, co-op allow more individuals an affordable means of owning real estate. The common thread is that there is a common ownership interest with shared expenses. Co-ops can also be converted to specific purpose real estate ownership such as specialized housing for students, the elderly, and small businesses.

Answer to Question 2

In a co-op, the real estate is owned by a corporation. Individuals purchase stock in the corporation. Stock ownership includes the right to use and occupy a portion of the real estate owned by the corporation and resulting in a form of real estate ownership.


mynx

  • Hero Member
  • *****
  • Posts: 555
Reply #2 on: Aug 2, 2018
Thank you!


pami445

  • Sr. Member
  • ****
  • Posts: 303
Reply #3 on: Aug 2, 2018
Always glad to help...


« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Benefits of Regular Exercise Benefits of Regular Exercise
Expected Benefits for ICD-10-CM Expected Benefits for ICD-10-CM
Benefits of outsourced payroll. Benefits of outsourced payroll.
Heath Benefits of tomato Heath Benefits of tomato
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Benefits and costs of herbicide applications Benefits and costs of herbicide applications
Video: Simple Diffusion - gases and nonpolar compounds transport

For a complete list of videos, visit our video library