In US most houses are made from wood panels and nobody expect them to out live the owner. In Europe most houses were made from bricks and concrete and people passed them to the next generation.
This is just nonsense.
I expect my house to outlive me.. a wood framed house has a 100 year life expectancy but that will be longer with maintenance. We have older homes from the 1800s too. Plenty of people buy homes from the 1920s.
My house in the Bay Area is ~65 years old, it’s timber frame & stucco. When a strong wing gusts against it in a storm, you can feel the house slightly shudder. It’s not going to fall down (I’m reasonably certain, at least it hasn’t in the last 15 years and we’ve had a few storms :) and it’s not “made from wooden panels”, but in terms of solidity and construction, it’s not in the same ball-park (to use an Americanism) as my mother’s house.
Oh, and my house cost today would cost about 10x what my mother’s would…
[edit: it’s kind of wild that your username is what I used to sign into Unix systems with when I was in college. Sjg are my initials and they changed our account-names every semester for some reason]
Those areas are also very close to all amenities like top public transport connections, quiet green spaces, entertainment, good doctors, top companies, good schools, lawyers so walkability is top noch, you don't even need to use public transportation, let alone own a car.
Buildings in those areas are also typically much more spacious and more solid than the current matchboxes being built.
In much of Europe the core of a city is much more expensive than the periferia.