ELI5: Explain Like I'm 5

Housing cooperative

A housing cooperative is a group of people who join together to buy or rent a house or apartment. They share the costs and make decisions democratically, meaning everyone in the cooperative has an equal say in how the house or apartment is managed. The people in the cooperative usually pitch in to pay for things like electricity, gas, water, and repairs. It’s like a club or family that shares a house.
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