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It is simply unrealistic to tell people to never buy a house built before 1980 that hasn't had a "down to the studs" remodel, potentially with all new plumbing and wiring. Unless, of course, your target audience is multi-millionaires that can pay for those homes. That level of remodel would exceed the value of the home, unless the home was in a very exclusive, expensive area (which rules out like 9 out of 10 homes built before 1980).
Since I live in an HOA that one didn't make the list. They're not a fit for everybody, but I get way more benefit from it than I give up in terms of restrictions.