When transitioning from renting to ownership, your primary paths include:
: 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. 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. When transitioning from renting to ownership, your primary