[Pokepokalypse]

It does cost a lot, but in most cases you're going to get more bang for your buck. (and you can also forgo features you don't like or need: like a homeowner's association; or pre-existing utility connections you don't want).

The other thing about building a home - particularly if you're in a high-demand area, the appreciation in the first 2 years is pretty insane.

[roflyear]

I don't know. Maybe. Maybe you are not. Some older homes are really well built. Some are not. Some modern homes are well built. Some are not.

You can certainly buy an existing home without HOA.