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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't hate all new builds.  Some are nice.  However, much more often, they're built cheaply and not built to last.  They are almost always built with lesser quality materials than older houses and often lack any charm and are unpleasing aesthetically.

It has nothing to do with cost.  We could have spent less on a new build than what it cost to buy, renovate and add on to our old house.  But we love the charm and character of our house and wouldn't trade it for most of the new homes built these days.

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You have a survivor bias. There were just as many shitty quality homes built at the time when your house was built. But only better-quality homes have survived until today.  This leads you to believe that older homes=higher quality in general.  That is not true. [/quote]

That's an excellent point.  We can only hope the worst of the new builds get torn down in turn.   Unfortunately the economics of very large houses on small lots will make that difficult, unless these areas are rezoned for multifamily, or the areas decline to slums, or both.   Which is your bet? [/quote]
I don't have a crystal ball, but if some of the new builds are constructed as poorly as you say, then time will definitely tell the winners from the losers.  Eventually, a certain type of newer houses will become known for their maintenance or other problems, and buyers will begin to avoid them or buy at a discount (unless location is good enough to close your eyes to quality issues).  But as I said, no crystal ball...[/quote]

That would have to be a very significant difficult to justify the substantial costs of tearing down and rebuilding. It is my impression that in modern times in the US that houses are torn down and rebuilt only when they are replaced by more square footage (either a larger house, or multiple units) or when the area has declined to the point of having multiple vacant houses.  (Obviously I am not talking about literal shacks)[/quote]

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