Marion Paige (Admin)
Username: Admin
Registered: 4-2003
| | Posted on Thursday, July 01, 2010 - 5:35 pm: | |
Many years ago, there was a comedy segment on "Saturday Night Live" that essentially said New York was going Coop. Of course, to the writers of Saturday Night Live, who all probably lived in New York, Coop represented something exclusive, something designed to keep the poor and the Black out.
I think everything you need to know about just how fucked up New York City is can be seen in the fact that these Aholes have actually managed to turn the work Cooperative into something symbolic of The Rich, The White and of EXCLUSIVENESS - rather than INclusiveness.
I lived in several Cooperative Housing Systems before I moved to New York. So, I was of course shocked to learn how Cooperative Housing works in New York City. Frankly, I'm amazed that these things called Coops in New York City are able to legally claim to be Cooperatives.
I'm fairly sure that the US Department of Housing still has a program to help low and moderate income people create housing cooperatives. However, creating a cooperative is still considered by most people to be a complicated, exotic thing.
The promise of The Limited Liability Company is that it should make the idea of creating and being in a housing Cooperative (or any other kind of cooperative for that matter ) more accessible to the average person and a much less exotic thing.
If Two Black Guys and Two Hispanic Guys get together and each contribute $10,000 to form a limited liability company and that limited liability company then buys a house for $40,000, what you essentially have is a housing cooperative. |
