SFHs burn down, are destroyed by floods or landslides. Termites may lead to hidden damage that leads to thousands of dollars in repair bills. On and on... All of the risks you list for condo owners exist for homeowners as well. A diligent homeowner may have more control over preventing/limiting some issues but sometimes stuff happens. As far as I know it is impossible to insure against every threat to ones home (landslides for instance) at any price.
If something major fails with the building, a repair bill could be so large that you have to take out another mortgage to pay for it, no matter your current financial situation.
Plenty of significant problems with condos that can force you to be kicked out.
Most of all, incentives are misaligned. Condos are designed to be marketed and sold. I’ve lived in several high end condos, as well as high end apartment buildings, and the apartment buildings always were built better and didn’t have weird custom made shit breaking.