#cooperatives

#cooperatives

Billionaires and austerity threaten structural transformation, compelling movements to seek new cooperative economic models for long-term change.

A condo means you own a specific unit and a share of common areas.

A co-op means you own shares in a corporation that owns the building, granting you a lease for your unit.

Financing for co-ops can be more complex due to the share-based ownership.

Condos generally offer more freedom in terms of unit modifications and rental policies.

Amalgamated Housing Cooperative in the Bronx was established as the first limited equity cooperative in the US, providing affordable housing for union members.