Most of the demand and money in the market is driving new construction.

But...what do you do when you don't have 2-400k for a tear-down and complete re-build?
You make do with what you have, which is something I've always been good at.

The thing about 1950's era apartments is...... style wasn't much in the picture then.
Things were built for
A. sturdiness
B. and functionality for that era.

Many would rather gut than do a re-model because of the special challenges..
1. Heavy plaster and wire mesh in some walls.
2. Concrete walls and floors in some bath and other areas.
3. Old outdated wiring being a potential fire hazard.
4. Lack of modern conveniences many of us take for granted such as adequate electrical outlets, rooms and windows designed with energy efficiency, etc....
5. Old boring tile/linoleum/cabinet styles....reminiscent of the Soviet Union...