sourcherrysugar

sourcherrysugar t1_j9lca4z wrote

Please ELI5: What exactly is a co-op?

Considering a move from the Midwest and looking for the most affordable option. I’d like to buy an affordable apartment (even a studio is fine) rather than rent simply to keep my monthly costs down, but everyone keeps telling me there’s only co-ops/to do a co-op.

I simply can’t wrap my head around the concept, no matter how much I Google. Please help and thank you in advance!

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