In the U.S. condos are always owned by individuals, but the word "apartment" can mean different things depending on where you live. In the suburbs, people tend

In the U.S. condos are always owned by individuals, but the word "apartment" can mean different things depending on where you live. In the suburbs, people tend to use the word "apartment" to always mean a rental, but in most dense cities, you can absolutely "buy an apartment" - they use the term like Australia to refer to the form of construction which can either be rented or purchased.