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[[File:Condominiums in San Ramon 1 2016-05-17.jpg|thumb|right|250px|Condominiums in [[San Ramon, California]].]]
'''Common-interest development''' ('''CID''') is the fastest growing form of housing in the world today.<ref>{{cite web| title=Living in a California Common Interest Development| publisher=State of California Department of Real Estate| url=http://www.dre.cahwnet.gov/pub_re39.html| access-date=2010-10-04| archive-url=https://web.archive.org/web/20110721033635/http://www.dre.cahwnet.gov/pub_re39.html| archive-date=2011-07-21| url-status=dead}}</ref><ref>{{cite book| first= Evan| last= McKenzie| title= Privatopia: Homeowner Associations and the Rise of Residential Private Governments| publisher= Yale University Press| isbn= 0-300-06638-4| pages= [https://archive.org/details/privato_mck_1994_00_6198/page/7 7]| url= https://archive.org/details/privato_mck_1994_00_6198/page/7}}</ref> They are commonly known as [[condominium]]s, [[timeshare]]s, and [[planned development]]s. The ownership benefits of a CID are having rights to an undivided interest in common areas and amenities which might prove to be too expensive to be solely owned. For example, an owner would like to have a pool but cannot afford one. When buying a [[condominium]] with a pool in a CID of one hundred units, an owner would have use of that pool for basically one-hundredth the cost due to sharing the cost with the other 99 owners. [[Timeshare]], or vacation ownership, is the same concept. Where buying a second home for vacation purposes might not be financially possible, buying a week or two can be when sharing the overall costs with other participants.
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