You are correct-every apartment has cockroaches, and loud neighbours you can hear through paper thin walls. Fire alarms go off every hour (it is mandatory), and there is at least one murder down the hall every year.

What you say is entirely true - if you were comparing St James Town in Toronto in the 1970's to today's Rosedale.

Just like the truth about home ownership - there are no taxes, maintenance costs, and there is no such thing as mortgage interest. If you buy for say $250,000 and then sell for $500,000 it is all pure profit, and there were no expenses incurred in getting there...(which is the first thing most people look for these days in the housing market-how much money they can "make")

I will label my last paragraph as sarcasm, to help the though who are commedicly challenged..