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Author Question: What are the benefits of co-op ownership? What will be an ideal ... (Read 39 times)

mynx

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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?


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pami445

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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

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Reply #2 on: Aug 2, 2018
Thank you!


pami445

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Reply #3 on: Aug 2, 2018
Always glad to help...


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