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now is the time to share them
but I think they're pretty great. Particularly with stupid English property laws re: leaseholds etc.
You have to attend a lot of meetings surrounded by people who just want to have their say but not say a lot at all. Generally like anything of this sort, the ones who think they're good at organising people put themselves forward for the roles with responsibility and often then aren't that good at them.
Depends really on what information you're after. They're a great way for people on crap incomes to get to keep living in the city rather than being pushed out into some outer town hell by Tory economic ideals.
Before that we were in a couple of different shared terrace houses that were scheduled for demolition so were rented for next to nothing in the meantime.
I say go for it
I have never come across this term
Harks back to a sort of pre-Thatcherite, hippy-ish way of thinking. They're essentially council flats and buildings, bought with money on permanent loan from the government.
People form the co-operative, each paying a nominal fee, like £1 and all members have to be within some kind of bracket of wealth, defined (I think) by being on the Council's existing waiting list for housing.
Everyone who's involved works for the Co-Op by attending meetings to make decisions about its properties and running all the office stuff as much as anyone unskilled can and the more hours you do, the higher up the list to be rehoused you go. Although that list is weighted in favour of single-parents and families and that sort of thing.
just a way for people who own to ACTUALLY own their home.
basically for those who don't know English property law too well, if you buy a flat on a leasehold you don't -actually- own said flat, you own a long-term (usually start out at 99 years), flexible lease on it that you can resell. the building itself remains in the hands of the owner.
it doesn't make a huge amount of practical difference, except it is an incredibly efficient way of keeping wealth in the hands of a small number of people/families, and the way our culture is people don't tend to live in flats for a very long time, generally moving out to suburbs when they have families*.
the difference with a co-op is that the residents usually own the building itself - usually by proxy, they'll form a company that legally owns the building, and you then purchase a % of that company which entitles you to to live in the building.
they're pretty popular in the US, particularly in New York - a lot of the big apartment buildings in Manhattan tend to be co-ops.
*which has turned out to be an environmental catastrophe, but that's a whole other discussion
I loved communal living (when I was single)
there were loads of rules and this put me off so I'm just gonna continue renting I think.