My condolences Tug, but you know the definition of insanity - living in the PRC and understanding the cost of liberal politics.
The affordability of upgrading older homes is irrelevant bc stateside its the market, not residential code that drives owners to upgrade. New construction is obviously required to follow the latest insulation standards but nobody cares if a few folks choose to live in a cold/hot/inefficient/expensive/etc home. In northern states most folks prefer not to be uncomfortable or have high energy costs, so the market places a much lower value on homes that aren't upgraded to recent local code norms, driving owners to upgrade. Personally, I've done very well amidst job-hops by buying older undervalued old homes, upgrading, and selling during my next move.
Unfortunately, if local code is crap then new homes are crap and older homes will tend only to be upgraded to crap. I love our southern states but their insulation standards are generally crap....and folks die from the cold. Meanwhile, my MI home has enough insulation that solar and earth gain alone keep it ~50F when we have one of our regular 3-5 day winter power outages.