Not really. A co-op can’t levy a tax on your home. A co-op can’t pass laws. A co-op doesn’t have a police force. Co-ops also have to comply with generally accep

Not really. A co-op can’t levy a tax on your home. A co-op can’t pass laws. A co-op doesn’t have a police force. Co-ops also have to comply with generally accepted accounting principles. Municipalities also have the backstop of the larger state if they become insolvent. These are very different things.