Word: co-ops
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...attraction of co-ops and condos is simple: they offer the tax and investment advantages of home ownership, but usually for less money. Their appeal is strong among retired people squeezed by rising rents, young married couples and middle-income suburbanites stunned by fuel costs. "Going condo or coop" has become a buzz phrase in real estate, as San Francisco apartment buildings, Florida motels, and even a renovated Brooklyn church and a convent have become condominium or co-op flats...
...reason for New York's continuing co-op strength is the presence of moneyed buyers, including many foreigners, who do not need or care to bare their finances to banks; nearly two-thirds of the city's co-op purchases are all-cash deals. Elsewhere, bankers and brokers are devising ways to ease the credit pinch on buyers. Some California brokers arrange deals whereby the seller acts as his own bank; he agrees to turn over his condo to a buyer in return for a so-called trust deed, which requires monthly payments directly from the buyer...
Those classes complement the education students get behind the counter. Co-op teachers show students how to draw up a balance sheet in math class, how to fill orders and solicit business in English class, and how to make decisions in social studies class...
...Enterprise Co-op you can make pizza, earn money and get high school credit--but you have to drop out first...
...Enterprise high school students, labeled "potential dropouts" by counselors, come to the co-op, located on Broadway opposite the Ringe and Latin School, with histories of discipline problems and truancy and, in some cases, police records...