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Universal rent increases.



It's common both to own an apartment and rent a single-family house? I'm probably missing some US cultural assumptions.


No, if you live in an apartment your typical experience right now is one of rent increases pricing you out of your neighborhood - if you owned a home this wouldnt be a problem. So living in an apartment kinda has an implicit expiration - your time is up once you get priced out.


My point what I tried to make above -- why the assumption you're renting if you live in an apartment? Some naming convention I'm not familiar with that implies renting?


From reading other snippets - yes! Funnily enough, to me apartment exclusively refers to rentals, you would call it a condo if you purchased it but the connotations of condo to me are 'some one with too much money paying too much for too little'.

Too funny.


And why is it assumed that living in apartment is renting?


Generally the colloquial way to refer to an owned unit is as a "condo" whereas an "apartment" is assumed to be renting

It's more complicated than that but it's basically how it works in normal conversation




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