Earlier quoted context omitted.
That opens the question of expected lifetime of a house though. The interior might need to be ripped out and plumbing or sewage etc retrofitted, but in plenty of cases there is simply no reason why the foundation, framing, or other things can't be retained. Which, given the value of high quality timber, seems like a goal worth striving for, rather than disposable houses.
From a purely economic perspective a building that lasts more than 50 years is probably not worth doing. In theory you could invest the initial savings and replace the whole building in 50 years from the income. The downside of pushing the engineering to the limit is the builders often cut corners to make their own savings so that the building does not even make 50 years. Plenty of new buildings here in Australia are…
It was a newly built townhouse complex so we were a body corporate. Within 4 years of building completion, we were suffering from rising damp and completely loose paving in the shared driveways. The paving was too high relative to the damp proof course and the base wasn't prepared properly.
It took a couple of years of legal stuff to claim on the building warranty.
Having been through this, I now are more acutely aware of how dodgy new building are around Australia. New apartments especially.