>Not sure where this is coming from. 60 years old is 1960s. Across the US, particularly in older cities, plenty of houses are that old and much older (family me

>Not sure where this is coming from. 60 years old is 1960s. Across the US, particularly in older cities, plenty of houses are that old and much older (family members living in a 1930's house). Absolutely. The building where I live was built in 1920 -- 100 years ago. The apartments have (mostly, all but four out of 20 -- and not those four because the long-term tenants, myself included, haven't moved out) been gut renovated in the past ten years. All of the apartments were also renovated in the late 1980s-early 1990s as well. I expect that they've been renovated many times previously too, but I've only been here for 25 years. >there are plenty of 1960's houses that sell about the same as the 2000's houses. Absolutely. The most recently renovated apartments are all at market rates, and those of us who have stayed have done so because our apartments are rent stabilized[0] (my upstairs neighbor is rent controlled[1], a different set of regulations. [0] https://rentguidelinesboard.cityofnewyork.us/resources/faqs/rent-stabilization/ https://rentguidelinesboard.cityofnewyork.us/resources/faqs/... [1] https://hcr.ny.gov/rent-control https://hcr.ny.gov/rent-control