Reply to Was Your Neighborhood Nicer 20 Years Ago?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There really seems to be a downward trend in maintaining homes. I don't know if it's a cultural thing or what, but even in very expensive areas some homes and yards just look terrible. Do people not have pride anymore?

The avg home price in my neighborhood is probably $2M - 2.25M and some of the yards are horrendous. Shutters are peeling, old roofs, etc.

If you can't afford maintenance, sell the house and move to a nice condo![/quote]

American homes built in 1950s-1970s - absent a major gut renovation - are coming up on the end of their lifespan.

That's A LOT of American housing stock. Something like 50% of the current housing stock was built in those three decades and they are all reaching the end of useable life. We not only have a major deferred infrastructure problem, but we also have a major deferred housing maintenance problem.[/quote]

A lot of housing stock in New England is 100 years old. Why do you think these houses won't last another 50?[/quote]

Things were built better 100 years ago relative to the 1960-70s. My home was built in 1927 and it's a brick & plaster tank; last gut renovation was in the 1990s with other modernizing upgrades since then. Many of the 100 year-old homes in New England have been lovingly gut renovated since initial construction.

Homes from the 60s and 70s? Aluminum windows are failing, cheap masonry, plywood construction susceptible to mold and rot, asbestos, stucco has a 60-year lifespan before it starts failing (and that's with proper maintenance), outdated wiring, etc. And most of these have NOT been gut renovated and I question whether the current generation of home buyers has the financial means to renovate these homes on top of high prices & 7% interest rates. [/quote]

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