When people say buying a "house" what does it mean?
condo, apartment, bunglow or what?
2007-03-22 15:04:03 · 8 answers · asked by luckychina 2 in Business & Finance ➔ Renting & Real Estate
This was answered a while ago, check the link for the answer
2007-03-22 15:16:15 · answer #1 · answered by poonie 3 · 0⤊ 0⤋
Not much. A condo you own. Kind of. You own the airspace inside. Apartment you rent. If they say they are buying a house then that is what the mean. Now town home, You own the the building and the land it sits on. They also cannot be stacked on top of each other like condo's and appartments. And if the owner rents any of these out.. your a renter.
2007-03-22 22:15:30 · answer #2 · answered by Psycmixer 6 · 1⤊ 0⤋
Physically there is no difference. Financially the condo owner can live in the unit, or he can rent it out. The owner is the landlord. For an apartment, the person living there is a renter. He does not own the property.
2007-03-22 22:14:57 · answer #3 · answered by ttpawpaw 7 · 2⤊ 0⤋
There is no difference between a condo and an apartment.
2007-03-22 22:35:00 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You can own a condo or Townhome. You can also buy an apartment in New York City
2007-03-22 22:13:22 · answer #5 · answered by Barbara 4 · 0⤊ 1⤋
house is a house - rented or owned
an apartment is rented
a condo is normally owned but an owner can choose to rent it
2007-03-22 22:11:56 · answer #6 · answered by lola_falula 2 · 1⤊ 0⤋
You buy a condo you rent an apartment.
2007-03-22 22:09:17 · answer #7 · answered by Jo Blo 6 · 0⤊ 2⤋
The funny answer -- the rent.
The not so funny answer - an apartment is not owned by the tenant, a condo is.
2007-03-22 22:11:37 · answer #8 · answered by miladybc 6 · 0⤊ 2⤋