Having renting be the default for apartments is part of the problem. It is very normal where I live that a developer build an apartment building and the sells the apartments to individuals who own the living space and co-own and maintain the shared spaces. The developer takes the winnings and never interferes with the building again.
But then you have to deal with the politics of running the complex.
It’s like having an HOA but even more impactful on your daily life since you have to walk through the common area and such - at least with a standalone home you own the land and are directly connected to a public street.
Having lived both in buildings where my family owned one apartment, and houses where there was an HOA, i can tell you that the politics of the apartment building was not even close to how insne an HOA is. it was mostly taking about the budget, prioritizing repairs, and security
If you buy into a poorly managed building though you are screwed. Many buildings don’t keep enough cash on hand for unexpected bills because they want to keep the fees low for residents. Then an elevator breaks, sewage backs up, someone floods their apartment, and all of a sudden there’s a $20,000 bill that everyone has to pony up money for.