Is it even possible to get a condo without an HOA??
I thought they all had them.
As far as % ownership… I think there is a shortage of rental properties in the county, so condos are often recruited to take up the slack. A lot of these apartment complexes that were condo-converted, never should have been (= GREED) and now they are half-unowned, and the would-be sellers are renting out the rest in a desperate attempt to maintain cash flow. If they had just left them as apartments they would have full cash flow already.
Also the problem is that in this county, there is a super scarcity of mid-size, mid-price housing. Your choices are either a
$1/2-million oversized house or an apartment with a mortgage.