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How many people live in their own property?
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this post was submitted on 28 Sep 2023
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The word you're looking for is probably "cooperative"
HOA would be the American term.
I thought it would be a condo (condominium) board or association, since they're 'apartments' not detached single family homes.
The concepts don't translate neatly. Generally I don't think most Europeans have different words for condominiums and apartments. And in my experience detached homes rarely belong to HOAs.
Nope a cooperative would own the entire apartment building and the residents own shares in the cooperative. What Lost is describing is a homeowner association. There the individual apartments are directly owned by the residents.