I meant older not necessarily used. The problems with old homes: bugs, mice, cracks in the foundation, poor plumbing, bad electrical work, small closets, weird

I meant older not necessarily used. The problems with old homes: bugs, mice, cracks in the foundation, poor plumbing, bad electrical work, small closets, weird rooms, old windows, mold, rotten woodwork, and on and on and on. It takes a lot of time and money to address these issues. The problem is you won't necessarily be able to fix all the problems and still get your money back unless you sit on it for 20 years. The house has to remain price competitive with all the newer homes that simply don't have as many issues. That drives the price of the older homes down and limits how much work you can put into it without putting yourself underwater. None of these problems are insurmountable, for sure, but they do have the effect of limiting what we can comfortably do with our home. If we make all the repairs we want, we have to sit on it or potentially lose a good chunk of our money if we are forced to sell early. That goes right back to the heart of this discussion and the lack of flexibility in labor markets.