My house was built in 1970 and is surprisingly well constructed for a tract house. A developer built the entire neighborhood and all the houses are one of basically three floor plans, not counting mirror images and different front entrance and window treatments. Of course, in 50-odd years, a lot of them have been remodeled, added onto and otherwise modernized.
A small ranch house, it is very well insulated and I put in vinyl replacement windows five years ago. When I bought the house, the furnace and air conditioner were Singer units, original to the house, and they did indeed run like sewing machines. But all good things do come to an end and I had to replace them two years ago. The air conditioner was still working great but if I had replaced only the furnace, the warranty would have been three years, instead of ten. Even an English major like me can do that math.
But that's not to say I didn't have my share of HVAC problems. The blower motor on the furnace burned up in spectacular fashion the first summer I lived there, and thereafter, I had the occasional problem with the system burning up wires. I had a home warranty and it would always take about seven to ten days to get somebody out there to fix it. Somewhere along the line, I bought a cheap window unit to put in my bedroom to make the wait a little more tolerable. About the time I did that, I complained to the technician who came out to fix the wiring for the umpteenth time, not that it was his fault, about the frequency of the same repairs, over and over. So, rather than cut back the wiring and put on a new connector, he took the extra step of replacing the obviously inadequate wiring with a heavier gauge, which solved the problem.
Interestingly, the vinyl windows did next to nothing to help my utility bills, despite the company's assurances to the contrary. Likewise, the new gas furnace is no more efficient than its predecessor but the air conditioner makes a huge difference in the summer. My power bills for June through September are between 30 and 50 percent lower than before. Even so, I doubt the system will last long enough to pay for itself, given that modern HVAC systems, like everything else these days, are designed to self-destruct shortly after the warranty runs out.