Isn’t the depreciation story kind of an outdated idea? While yes that was the case but it was also true that the 50s-90s comes were generally not very modern, b

Isn’t the depreciation story kind of an outdated idea? While yes that was the case but it was also true that the 50s-90s comes were generally not very modern, built with not much comfort in mind and so it was expected you would be rebuilding. In most of the larger cities I am not sure that is the case except for severely outdated units.