Which of the following is a form of housing in which shareholders purchase stock to obtain the right to live in a unit of the building?

Question

Quizplus · Accepted Answer

Cooperative housing is a type of housing in which individuals purchase stock in a cooperative corporation that owns the building or buildings in which the housing units are located. Shareholders do not own the individual units, but rather the corporation that owns the entire property. As a result, residents do not have individual mortgages but rather pay a monthly fee that covers the building's mortgage, maintenance, and other expenses.

Which of the Following Is a Form of Housing in Which