Absolutely, I have been battling this lately with a 50 year old coop in Manhattan that needs renovation. The magnitude of pain involved is unbelievable. You wan

Absolutely, I have been battling this lately with a 50 year old coop in Manhattan that needs renovation. The magnitude of pain involved is unbelievable. You want to strip and paint those 1872 walls? Guess what, lead-based paint, inspections, permits, abatement, management company, board approval, etc, the list goes on. It's basically not economical to re novate anything if you value your time, so if you value living anywhere nice you have to pay the 2000/sqft give or take for something modern.