Owning investment property is a business, at the end of the day it needs to make a profit for its owner. Like running a business, the owner needs to balance managing risks vs. creating wealth. The risks with NEW are manageable and mostly known vs. those of OLD which have many unknowns, that can’t be fully known prior to taking ownership.
OLD vs. NEW? This a decision each investor needs to consider based on their own tolerance for risk and how they see the upside.