You do not have to have own a large house to own a large dog (although a tiny apartment is not going to be big enough for one of the giant breeds). If you can take him outside for a good hour of two of exercise every day... a large dog can live in a small house or apartment just fine.
Though groups like the American Kennel Club make very specific designations about breeds and breed hybrids, there continue to be new breeds and breed variants developed all the time, as well as "up and coming breeds" not officially recognized by kennel clubs and experts. (Many dogs not purchased directly from breeders are also mixed-breeds of some kind, or have less than purebred ancestry.)
Your dogs temperament should match yours. Do not choose a breed that is highly energetic if you are a couch potato. On the other hand, if you want a dog that will follow you everywhere around the house and who is always ready for a game of fetch or tug of war then you should consider a dog that is highly active and always has a lot of energy, instead of one of the lethargic breeds.
If you own one of the 11 "riskiest" dog breeds -- which include Rottweilers, Pit Bulls and Doberman Pinschers -- you may face some big homeowners or renters insurance headaches, even if the only things your pup has ever taken a bite of are his Alpo and bone. These days, companies offering homeowners and renters insurance are pickier than ever about which types of dogs they’ll insure and which they won’t