Yes, you can permanently live in a condo — many people do! 🏙️
A condo (condominium) is real property that you own, not rent, so you can live there as long as you want—just like owning a house. The only difference is that:
- You own your individual unit,
- But you share ownership of common areas (like the lobby, gym, or pool) with other residents,
- And you’ll usually pay monthly HOA fees (Homeowners Association) for maintenance and building upkeep.
Related: Is it harder to get a mortgage for a condo?
So as long as you keep up with your mortgage (if you have one) and pay your HOA dues, you can live there for life.