For sure. Hence "typically". In the usual case, the coop is designed to be operated by the tenants, who are not operating it as a profit seeking venture and it'

For sure. Hence "typically". In the usual case, the coop is designed to be operated by the tenants, who are not operating it as a profit seeking venture and it's run democratically. It's not impossible that what you say is also true -- I'm sure there are housing coops that are run as you describe.