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 31 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?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
Benefits of Regular Exercise Benefits of Regular Exercise
Example of an Explanation of Benefits statement. Example of an Explanation of Benefits statement.
Among the health benefits of marriage is a longer life. Among the health benefits of marriage is a longer life.
The benefits of wind power The benefits of wind power
Grind whole flaxseeds before eating them to best reap their nutritional benefits Grind whole flaxseeds before eating them to best reap their nutritional benefits
Video: Transcription—A molecular view

For a complete list of videos, visit our video library