Core Viewpoint - The preference for older homes has shifted significantly, with current buyers, especially first-time homebuyers, favoring newer homes due to various drawbacks associated with older properties [3]. Group 1: Advantages of Older Homes - Older homes were once favored for their significant price advantages, typically priced 20% to 30% lower than new properties in the vicinity [1]. - They were often located in prime areas with well-developed living facilities, making shopping and commuting convenient [1]. - Some older homes were surrounded by prestigious schools, enhancing their value as "school district homes" with considerable appreciation potential [1]. - Speculators hoped for windfall profits from potential redevelopment or demolition [1]. Group 2: Disadvantages of Older Homes - Current buyers are deterred by poor property management in older communities, leading to deteriorating public facilities and a negative living experience [3]. - Obtaining loans for older homes is challenging due to strict bank approvals, placing a heavy financial burden on buyers who must often pay in full [3]. - The advantages of being in a desirable school district have diminished due to changes in educational policies and increased randomness in school zoning [3]. Group 3: Future Solutions for Older Homes - Large-scale renovation projects for old communities are expected, with government funding aimed at comprehensive repairs and upgrades to improve living conditions [8]. - The "original demolition and reconstruction" model is gaining popularity, allowing residents to temporarily relocate while new buildings are constructed on the same site, significantly enhancing living quality [10]. - Government buyouts of older homes at slightly below market prices are proposed to provide affordable housing for low-income families, stabilizing local housing prices [13]. - Severely damaged homes or those on planned municipal land will be fully demolished [13].