Housing co-ops, or housing cooperatives, are a unique way for people to live together in a community. In a co-op, residents don’t own their individual units; instead, they own shares in the entire building or complex. This means that decisions about the property, such as maintenance and rules, are made collectively by the members, fostering a sense of cooperation and shared responsibility.
Living in a housing co-op often leads to a strong sense of community. Members can participate in activities and events, share resources, and support one another. This collaborative lifestyle can create lasting friendships and a more affordable way to live, as costs are often lower than traditional housing options.