Home prices are insane. Rental prices are through the roof, and many people feel like they’ve seen the idea of homeownership go out the window. But that’s not necessarily true. Many buyers are turning to a lesser-known option: co-ops. While this style of living isn’t for everyone, it has made ownership more affordable for a lot of people. Not to mention, there is a sense of community and stability in co-ops, too. They aren’t new, but rising costs are making them newly relevant again. Here’s why co-ops are becoming a smart alternative to homeownership, and whether they might work for you.
