I like the option to rent a place that’s even better than what the baseline option would be. I like that I can move around as I need to. I like that I can get a bigger, better, or just different, place when I have the funds. I like that I never have to deal with broken appliances or roof repairs and get to pick the type of place I want to live in.
You are describing either a “land contract” or a “condominium”. With either, you gain equity in the property.
You are describing either a “land contract” or a “condominium”. With either, you gain equity in the property.