He probably bought it in the 70s when he had no kids and his salary was higher, compared to the 80s and 90s with inflation, but the same salary.

Most likely because old buildings are expensive to maintain, expensive to heat, must be refitted for modern lights or communication or have asbestos or lead pipes or don’t comply with modern building standards, such as accessibility.

There is this old cinema from the 1920s in my town that went out of business in the 1990s. Nobody goes to the cinema anymore to fill the 300 seats, it’s a 20min walk away from residential areas and there is no parking nearby. On top of that it needs 30 years of maintenance. Nobody has a good business plan for this building.

That won’t solve the software side. My previous phone was still working, but then Google fucked up the software. The first because it required some new ssl standard for all connections that the phone didn’t support. The other one because google added a whole lot of local Infos, pictures and features to the map that could not be disabled, therefore rendering my Navi to a unresponsive, slow and battery draining app I could no longer use. And then there where some apps that would not run because my os was to old.

Plus, they have been around fore more than 190 years. With smart investments and only 5% growth per year, your wealth doubles over 15 years. They also own land, so with land value going up they made a lot of profit if they just rent it out.

Yes, shortly after his plane got hit.