While condos and co-ops share many attributes, confusion often persists about how the two function.
"There's an unusual real estate proposition often encountered by young, hip urbanites looking for their first stake in real estate: instead of purchasing a condominium, why not buy a share of a cooperative building?"
"Condos and co-ops (as they're popularly known) share a lot of common attributes. In both cases, the buyer lives in an apartment and turns all of the building maintenance over to someone else. It's one of the major perks of opting out of the white-picket-fenced family home. You don't have to cut the grass."
The difference:
"When you purchase a condominium, you own that unit. You also get the rights to use the exercise room, the party room, or any other common areas. When you buy into a co-op, you don't own any of the building's real estate. Instead, you own shares or a membership in the cooperative housing corporation. The corporation owns the real estate."
FULL STORY: Condo or Co-op?
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
San Francisco's School District Spent $105M To Build Affordable Housing for Teachers — And That's Just the Beginning
SFUSD joins a growing list of school districts using their land holdings to address housing affordability challenges faced by their own employees.
Can We Please Give Communities the Design They Deserve?
Often an afterthought, graphic design impacts everything from how we navigate a city to how we feel about it. One designer argues: the people deserve better.
The EV “Charging Divide” Plaguing Rural America
With “the deck stacked” against rural areas, will the great electric American road trip ever be a reality?
Judge Halts Brooklyn Bike Lane Removal
Lawyers must prove the city was not acting “arbitrarily, capriciously, and illegally” in ordering the hasty removal.
Engineers Gave America's Roads an Almost Failing Grade — Why Aren't We Fixing Them?
With over a trillion dollars spent on roads that are still falling apart, advocates propose a new “fix it first” framework.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Borough of Carlisle
Smith Gee Studio
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)