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Topic: What exactly is a "condo", and how does it differ from a house?

Anonymous 579ad4a9a6aba54d533a124f627f32d3 started this discussion 1 month (2008-10-15 19:49:28 UTC) ago:

I need a simple English description. The Wikipedia article just confused me, as so often is the case.

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Anonymous 31ca01c6c3770905cb20ec777557cffc replied with this 1 month (2008-10-15 21:31:43 UTC) ago, 2 hours later (#70,511):

It's basically an apartment that you buy instead of renting.

Anonymous 5ee4d87817a228ca98a75ee8c62821e2 replied with this 1 month (2008-10-15 23:59:11 UTC) ago, 2 hours later (#70,576):

Much like an apartment, but you buy the place. Also, condos tend to be larger than houses, though that is not necessarily true.
And the entrances to condos tend to be further away from each other than those to apartments.

Anonymous 699770aaff3168f14e07ca9a4feb1bc6 replied with this 1 month (2008-10-16 06:48:00 UTC) ago, 7 hours later (#70,690):

How about the asking price on them? Are they cheaper than houses, or is it the other way around? Also, what about the utilities - cost on your average bill, and stuff?

Anonymous dc751ed209f5a470e98425eb8ad6e001 replied with this 1 month (2008-10-16 09:12:32 UTC) ago, 2 hours later (#70,751):

Condos (at least here in LA) usually refer to something that is like an apartment complex, however each unit is owned. If it is large enough it can have a pool and other things which are considered the property of all who own a unit. The units are often larger than apartments but smaller than a regular house, though this is not always the case. There is a lot of variations.