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Yes, technically an apartment is rented and a condo is owned, but I have met plenty of people who use the terms interchangeably. Which does kind of make sense,
by sliverstorm 13y ago
Yes, technically an apartment is rented and a condo is owned, but I have met plenty of people who use the terms interchangeably.
Which does kind of make sense, considering they are in all other regards the exact same thing.
- danielweber 13y agoIn New York, it's standard to "buy an apartment." The NYT uses that construction all the time in its real estate articles.
- lostlogin 13y agoI have been following this thread with interest (accidental pun). Where I am (New Zealand) the term apartment doesn't mean anything in relationship to ownership either. It could be leased, owned, rented or whatever. Edit: using everyone's favourite source the world apartment has different meaning in different regions - broadly the term 'flat' is a better fit with British (maybe even non-US?) readers, though with NZ being an exception, despite our usual English centric approach to language. http://en.wikipedia.org/wiki/Apartment http://en.wikipedia.org/wiki/Apartment