[Pinion]

I've wondered about this myself, since I live in a 37 year old wood frame/aluminum wiring condo on a street that's being rapidly redeveloped. Most of my neighbours are crabby old seniors just waiting to die and wouldn't accept any buy out.

Every other old building near us seems to be going through major overhauls. We're planning on totally replacing our plumbing next year. As boring as it sounds, that is all that will probably happen for most buildings. Very few are total write-offs.