On Aug 23, 2007, at 10:53 AM, Wojtek Sokolowski wrote:
> I quite honestly believe that the popular resistance to this form
> of housing
> is psychological rather than systemic. Most people I spoke to on this
> subject were not swayed by financial arguments, but instead they
> said they
> preferred the comfort of individual ownership, even if it was a more
> expensive option. It is not a coincidence that coops are limited
> mostly to
> ethnic minorities (especially Jews and Blacks) who internalized the
> norms of
> social solidarity to a greater degree than a typical WASP.
Is this a limited equity co-op (i.e., holders can only sell back to the co-op at a price reflecting only inflation plus improvements, regardless of changes in surrounding market prices)?
Doug