There are simply too many issues to address to adequately answer this question; please provide some more directed questions to receive a helpful answer. For example, costs of renovating vs building new, resale value of old vs new buildings, construction methods of old vs new buildings. This is an interesting topic to discuss, but it requires a degree of specificity.
As times change, so do styles, building materials, zoning regulations, environmental considerations, etc. The differences between very old and very new buildings are numerous and due to new developments, technology, building methods and myriad other factors.
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