What is the difference between co-op living vs. home ownership or Renting?
Co-op living provides the advantages of home ownership without the responsibility while receiving the convenience of renting. Your Co-op home is maintained for you with the exception of lawn and interior decorating. As a homeowner, you would either need to become a handy man or pay the high cost of contractors to make repairs. Renters receive no tax advantages, they pay as much as the landlord demands and only have a pile of receipts to show for years of payment. More advantages of owning a Cooperative. How your money is spent Each dollar in your monthly carrying charges is carefully allocated to provide the finest housing at the lowest possible cost. Your charges include Real Estate taxes, mortgage interest and principal, mortgage insurance and restricted and unrestricted reserves. A substantial portion is tax deductible. You may deduct your share of payments for tax and interest. Ash Street Cooperative is waiting for you. Whether you’re just starting out or settling down Ash Street C
