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I could be misinterpreting this, but I think I can help. Having read the other thread, I'm making some assumptions.
Condominium land units basically mean that you have the right to build on a piece of land, but you don't own it. The land that your house is on, as well as all the other houses in the neighborhood and any common property (clubhouse, pool, entrance, etc.) are all owned by the homeowners association. You are beholden to the association in what you can and cannot build and how it looks, but you get the benefit of lower property taxes. I'm not sure what state you're in, but there could be a very good legal reason to do it, especially if you are in a "construction defect" state, generally meaning NV, CA, AZ, OR, WA, TX, CO, FL and SC. I would make sure that you read the bylaws very carefully before purchase, especially if you plan anything out of the ordinary and that you talk to the developer at length about what you plan on building and what the finished product will look like. For instance, if you're planning to build a Cape Cod and only one story stucco houses are allowed, there's going to be a problem. Depending on the state, the courts generally find for the association if they have given you plenty of warning, etc.
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