CHAPTER 18
Condominiums and Co-ops—A Living Investment 쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆
“Rents are so high, leases are breaking tenants.”
Do I Need to Read This Chapter? ●
Would you love your own space, yet can’t afford to buy a house?
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Would you prefer to live in a townhouse or apartment, with much of the maintenance and repairs done by others (albeit for a fee)?
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Do you understand how condominium ownership works?
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Do you know if cooperatives, or co-ops, are available in your area? If so, are you acquainted with their pros and cons? hapter 17 discussed real estate and homeownership.You may want to consider buying a condominium or cooperative apartment as an alternative.
C
What Is a Condominium? A condominium, or condo, is an arrangement in which you own your own dwelling unit, usually an apartment but sometimes an individual house, row
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