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Fixing the old stuff is usually as expensive as buying new, unless you do it yourself. And even then, some stuff isn't really worth fixing.
For the most part, I agree with you though. The boiler in my house is 70 years old and will last another 70 years, easily. It's not energy efficient at all, and I feel badly about that, but I hear all the time about people having problems with their 10 year old HVAC units. Circuit boards getting fried or whatever.
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