: You don't own the unit itself; instead, you own shares in a corporation that owns the building, which entitles you to live in a specific unit.
: You can buy a 2–4 unit building, live in one unit, and rent out the others to help pay the mortgage. Comparison: Buying vs. Renting in 2026 can you buy an apartment instead of renting
Yes, you can buy an apartment, though in the United States, this is typically referred to as purchasing a or a co-op . While apartment buildings are generally owned by single entities (like property management companies) and leased to tenants, condos are individual units within a larger complex that you can own outright. : You don't own the unit itself; instead,
When transitioning from renting to ownership, your primary paths include: live in one unit