
In real estate, the phrase Co-op is short for cooperative housing. But what does it mean if you own a co-op? This guide explains. What is a Co-Op? In a co-op, which usually just looks like an apartment building or condominium complex, people don't own their own units. Instead, they own shares of the entire building. What co-op owners do is actually buy stock in the housing complex. Then, the ownership in the housing complex comes with a lease for the home they live in. Are There Co-Ops in … Continue reading...