As negative as the co-op experience is made out to be, there are some positive elements that haven't been mentioned:
1. You can meet all the neighbors before you buy. Don't like that nosy loud mouth who can't stop looking at your alternative footwear, just saved yourself a few hundred grand. Creepy guy upstairs from your prospective place, thank him for sparing you future nightmares. Imagine if you could meet your condo neighbors before you purchased, or meet all your new work colleagues. Life might look a lot more like Co-Op living.
2. You will have an opportunity to one day sit on a board and have the power to tell people that they are not worthy. That sounds very exciting.
3. You will always become a talking point at a party when the conversation turns to, "oh, I live in a co-op." "Really? I've always wondered about those. Please, tell me more"