Show t. t J. J t OWN YOUR OWN rj FLAT NEW PLAN i Tenants Buy Buy Apartments I i Un Under d C I Ii er Cooperative t 14 1 4 a I Ownership ip By By Lorry A A. Jacobs i t N. N E. E A. A AStaff Staff Correspondent tj v UW YORK Jan 29 The The first 3 ear of ot cooperative ownership of 01 flats and na apartments in New New- NewYork Y York rk has B proved extremely mely successful I l' l 1 Real estate t reports Just completed I l' l r i snow that New NewYork York York families 5 i. i at t it a cost of ot have b bought t. t i heir apartments and thus put a stop to ever increasing high rent r. r b f 4 The movement started with t. t a group of jf ot S professional men ben men of ot the well to do class lass who found their rent for tor apart- apart 1 s i ments menta in a Riverside drive apartment t 4 growing all out of ot proportion to their r f Incomes They insisted on year three-year If ceases and obtained them Then a r heit the he landlord realized his r f c. i in- in ability to exact further gain although r other ther landlords were hoisting their I tents rents he he thought of ot a subterfuge which consisted of ot s. ft a foreclosure i 1 c proc pro- pro f l gs which wipes out ordinary i leases The he te tenants alts 1 exposed this f 1 fuge and In order to further J trouble bought the apart nt after atter forming a company for lor that purpose rh success of ot the en enterprise brought r about the forming of ot numerous other companies om not only to buy apartments apart- apart r ments on on the cooperative b plan but t to o build apartments a |