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Owning a home creates a stable, personal nexus with a set of vital institutions: Family, community, local economy, government, … As a driver and measure of well-being, it’s probably at least 10,000 years old, since agriculture made migratory hunter-gatherer societies obsolete. |
Community is IMO easier in apartments, the higher density means there’s a bigger pool of folks you might click with.
Community gathering spots are more prevalent as well: pools, playgrounds, green spaces, etc are common amenities. Especially if you get a dog, you will meet lots of people.
Of course it depends on which complex you live in. If I move I will miss my apartment and its community. I won’t miss my window aircon though, central air would be awesome.