Gary Hoover is pushing co-operative housing and said this about it: The benefits of co-operative housing are many, but first, what is cooperative
housing? Cooperative housing happens when people agree to own and manage their homes - in this case a newly renovated building at 4429 Nicollet Avenue South. Every one of the 29 co-op members will own one-twenty-ninth of the co-op corporation, and will have an equal say in electing a board of directors and input as a shareholder of the corporation. Members choose from the available apartment homes within the building, which they lease back from the corporation. Mark response: Gary - I know for sure I wouldn't be interested in this type of housing, because I value my independence too much. But I am curious why anyone would want to do it. How is a co-op better than a condominium? Usually in condos the residents own their own living quarters, but own the common areas as a group. It seems to me that the common-area ownership of a condo would create a community just like the co-op. But the co-op wouldn't allow you to retreat to your own place when the group became too much to bear, because in a co-op everything belongs to the group. Does this arrangement sound appealing to anyone? I'm just curious. I'm not trying to trash your ideas, Gary, but I just don't understand the why of co-ops. Thanks Mark Anderson Bancroft _______________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Unsubscribe, Digest, and more: http://e-democracy.org/mpls
