Housing Cooperative

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Definition

"Housing Cooperatives are houses or apartment complexes that are owned and democratically controlled by their residents. Members of “limited equity housing coops” purchase a share of the coop and, upon leaving, sell that share back to the coop at the same price they originally paid. This de-links the value of housing from the capitalist market, allowing the coop to remain affordable." (http://jasecon.wik.is/Consumption%2f%2fUse/Housing_Cooperatives)

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