

The term “New York City co-op” probably brings to mind chichi buildings on the Upper East Side where apartments sell for millions and coop boards decide who gets to join the elect. In reality, housing co-ops include a wide swath of the city’s social spectrum, and they provide a social glue that is especially important in this huge and fractious city. Co-ops provide something else as well: a partial buffer against raw speculative greed… more…