Describe the disadvantages of co-op and condominium ownership. What will be an ideal ...

(Answer to Q. 1)  In both forms of ownership, the costs of maintenance may be higher than anticipated. Management of the property is left in the hands of a homeowner's association or the co-op instead of the individual owners.

(Answer to Q. 2)  B

(Answer to Q. 3)  The benefits of condominium ownership include the benefits of home ownership and sharing the costs of expenses and upkeep with other condominium owners. Condominium owners may also participate in the management of the condominium.

(Answer to Q. 4)  C

(Answer to Q. 5)  By spreading the cost of acquiring and maintaining real estate over a group of individual, co-op allow more individuals an affordable means of owning real estate. The common thread is that there is a common ownership interest with shared expenses. Co-ops can also be converted to specific purpose real estate ownership such as specialized housing for students, the elderly, and small businesses.

(Answer to Q. 6)  In a co-op, the real estate is owned by a corporation. Individuals purchase stock in the corporation. Stock ownership includes the right to use and occupy a portion of the real estate owned by the corporation and resulting in a form of real estate ownership.

(Answer to Q. 7)  TRUE

Great answers! <3