Case in point: the Sydney apartment building disaster. Multiple apartment buildings with problems, losing tons of money by having to move out of cracking/leaking/structurally unsound buildings. And almost no support or compensation coming their way.
Unfortunately, strata based housing many times results in developers extorting "owners" with fees, little to no maintenance (or just the bare minimum), cutting corners on building, and so on. At least with home ownership you know exactly what you need to do, and if it doesn't get done then it's your own fault. Even renting a house is better, because you can very clearly see if things are wrong. An apartment building is harder to get a clear overall picture of. Walls sinking? Foundations cracking? Ceilings dipping? Roof leaking? You can usually only see some of these issues in any given apartment depending on what floor you're on, how big your apartment is, etc.