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Houses built in the 70s may be better than newly built houses - materials used to be better.

Take a look at the difference in wood:

Older wood is denser. That isn't available at Home Depot anymore.

Although some things (building methods, presision) have improved, some things (some materials, some methods) have degraded. An older house isn't necessarily worse than a newer one, especially if you do cost-benefit analysis.

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