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livendive

What's the difference between an apartment and a condo?

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Around here, apartments are things you rent. It appears though, that in Manhattan at least, an apartment is something you buy. There's an article on cnn.com right now about how the average apartment price there is now 1.2 million. I've always thought it was just a funny NY way of saying condo, but in the same article they mention condo's as if they're something different.

Sooo....what's the difference?

Blues,
Dave
"I AM A PROFESSIONAL EXTREME ATHLETE!"
(drink Mountain Dew)

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Around here, apartments are things you rent. It appears though, that in Manhattan at least, an apartment is something you buy. There's an article on cnn.com right now about how the average apartment price there is now 1.2 million. I've always thought it was just a funny NY way of saying condo, but in the same article they mention condo's as if they're something different.

Sooo....what's the difference?

I've never understood that myself. Where I live, apartments are homes you blow rent through the nose for. Townhouses and Condos are homes you pay equity to own... Those NYC prices are ridiculously high, besides, who the hell wants to live in a highrise in a city of 17 million? I just don't get it... :S:P

Blues,
Dave


"Mediocre people don't like high achievers, and high achievers don't like mediocre people." - SIX TIME National Champion coach Nick Saban

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