Core Viewpoint - The preference for purchasing older homes (over 30 years old) has shifted towards newer homes due to various factors affecting their desirability and marketability [4]. Group 1: Factors Leading to Decline in Demand for Older Homes - Older homes are often priced significantly lower than new properties, typically at 70-80% of the price of new homes, making them initially attractive [1]. - However, issues such as poor property management, aging infrastructure, and unsatisfactory living conditions have diminished their appeal [4]. - The advantages of "school district homes" are fading due to new regulations that randomize school admissions, reducing the perceived value of these properties [4]. Group 2: Future Prospects for Older Homes - The concept of "old renovation" is emerging, where government-led initiatives will invest in upgrading old neighborhoods, improving living conditions and property attractiveness [6]. - "Original demolition and reconstruction" is becoming a viable solution, allowing residents to temporarily relocate while new buildings are constructed on the same site, enhancing living quality [8]. - Local governments are actively purchasing old properties to renovate them into affordable housing, stabilizing local real estate markets and providing better living conditions for former residents [11]. - Properties deemed unsafe and structurally unsound will face demolition, especially those located in areas designated for urban development [12].

Core Viewpoint - The Ministry of Housing and Urban-Rural Development is exploring ways to transform old houses into "good houses" through renovation efforts [1] Group 1 - The initiative aims to enhance the quality of housing as part of the "14th Five-Year Plan" [1]