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How to Buy Into A Cooperative in Washington D.C.
Cooperative housing is a type of ownership common to buildings in cities like New York and Washington D.C. Co-op owners have purchased a share in a nonprofit corporation jointly owned by the building inhabitants. As a shareholder, the owner shares in the expenses and responsibilities for maintaining the upkeep of the property. In comparison, with a condo purchase, the buyer purchases the interior or inside the walls and ceiling of a condo.