The Journal of Real Estate Finance and Economics
Volume 14, Issue 2, Article 5 (Abstract)
Title:	The Co-Op Discount
Author:	Allen C. Goodman and John L. Goodman, Jr.
Abstract:	Co-operative and condominium housing differ in several ways that might be expected to influence their pricing. Most but not all of these differences argue for a higher valuation for condominiums. Hedonic equations estimated on a national sample indicate that the price differential on the average condo/co-op unit in 1987 was 12 percent. Condos maintain a price premium under a variety of specifications, although its magnitude depends on the bundle of attributes being priced.
Keywords:	co-operative housing, condominium, house prices