High Life: Condo Living in the Suburban Century

In the twenty-first century, condos are predicted to become the predominant form of housing in America due to rising real estate prices and a renewed interest in urban living. This study explores the history of co-owned multifamily housing in the US, from New York City's first co-op in 1881 to contemporary complexes coast to coast. It examines the social, economic, and political factors that have increased demand for this way of living and contrasts it with its ambiguous economic, legal, and social standing.

Format: Paperback / softback
Length: 336 pages
Publication date: 04 January 2023
Publisher: Yale University Press

The first comprehensive architectural and cultural history of condominium and cooperative housing in twentieth-century America.

Today, one in five homeowners in American cities and suburbs lives in a multifamily home rather than a single-family house. As the American dream evolves, precipitated by rising real estate prices and a renewed interest in urban living, many predict that condos will become the predominant form of housing in the twenty-first century. In this unprecedented study, Matthew Gordon Lasner explores the history of co-owned multifamily housing in the United States, from New York City's first co-op, in 1881, to contemporary condominium and townhouse complexes coast to coast. Lasner explains the complicated social, economic, and political factors that have increased demand for this way of living, situating the trend within the larger housing market and broad shifts in residential architecture and family life. He contrasts the prevalence and popularity of condos, townhouses, and other privately governed communities with their ambiguous economic, legal, and social standing, as well as their striking absence from urban and architectural history.

Introduction:
In the United States, the twentieth century saw a significant shift in the way people lived and worked. The rise of the automobile and the growth of urban centers led to a demand for more affordable housing options, which in turn gave rise to the development of condominium and cooperative housing. These forms of housing were designed to provide residents with a sense of community and ownership while also offering affordable living spaces.

The History of Condominium and Cooperative Housing:
The first condominium was built in New York City in 1881, and it was quickly followed by co-ops in other major cities. These early developments were often characterized by their affordable prices and their commitment to providing residents with a sense of community. However, they also faced challenges, such as financial instability and management issues.

Over time, condominium and cooperative housing continued to evolve and grow. In the 1960s and 1970s, these developments began to attract more affluent residents, and they began to offer more luxurious amenities and services. Today, condominium and cooperative housing are widely accepted as a viable alternative to single-family homes, and they are found in cities across the United States.

The Benefits of Condominium and Cooperative Housing:
One of the primary benefits of condominium and cooperative housing is its affordability. These developments are often less expensive than single-family homes, and they offer residents a sense of community and ownership. Additionally, these developments are often managed by professional organizations, which can help to ensure that they are well-maintained and safe.

Another benefit of condominium and cooperative housing is its location. These developments are often located in urban areas, which means that residents have easy access to a variety of amenities and services. This includes shopping, dining, and entertainment options, as well as public transportation.

In addition, condominium and cooperative housing offer residents a sense of community and belonging. These developments are often populated by residents who share common interests and values, and they offer opportunities for social interaction and networking.

The Challenges of Condominium and Cooperative Housing:
Despite its many benefits, condominium and cooperative housing also faces challenges. One of the primary challenges is financial instability. These developments are often dependent on the sale of units, and if the market is slow or if there are financial problems, it can be difficult for these developments to remain solvent.

Another challenge is management issues. These developments are often managed by volunteer boards or committees, and if there are conflicts or disagreements among the members, it can be difficult to manage the development effectively.

In addition, condominium and cooperative housing may face challenges related to zoning and land use regulations. These regulations can limit the development of new units and can make it difficult for these developments to expand or renovate.

Conclusion:
In conclusion, condominium and cooperative housing are a significant part of the housing market in the United States. These developments offer residents a sense of community and ownership, as well as affordable living spaces. While they face challenges, such as financial instability and management issues, they are a viable alternative to single-family homes. As the American dream continues to evolve, it is likely that condominium and cooperative housing will continue to play an important role in providing affordable housing options for people across the country.

Dimension: 254 x 178 (mm)
ISBN-13: 9780300269192