Yuku free message boards

ColbyRulesAll wrote:

---

Can you please explain the Co-Op concept to me? As a simple midwesterner I don't understand such exotic terms you New Yawkers use. ;)

Say around 900 sq ft, in the 80's and 90's along Fifth Avenue.

Co-ops are also fairly common in Chicago, though the financial structure is a little different I gather. Around here it's all the older midrises and high rises that are co-ops. I think early on there wasn't a condo legal structure for apartment ownership.

I have a co-op. The price didn't go up with the boom but it hasn't dropped either. In this neighborhood it's the only way to get a building with services (security and janitors who will fix things). The other nice thing about a co-op is the board screens all the owners/renters and there are strict by-laws so people can be thrown out if it's too awful. I've heard some nightmare stories about condos where you are stuck with each other, especially condos where the owners rent out the unit, which around here often means students. On the other hand, there's a co-op board, like NAA says.