A living arrangement where residents own an equal share of their home and work together to sustain their lifestyle. Cooperative Living arrangements stress people before profit, environmentally sustainable living, and the importance of community. Individuals who reside in a Cooperative are referred to as "Coopers" and come from all races, religions, socioeconomic statuses, and social groups. Many Cooperatives are students cooperatives, such as the MSU SCH and ICC of Ann Arbor, Michigan.
Dude: Hey where do you guys live?
Co-oper: We live in a Cooperative
Dude: Sounds Swell
Co-oper: You bet! We own it!