It's a much more long term and sustainable approach, unfortunately a lot of companies and individuals are incentivised to do short term gains, i.e. "cut out the good wood and leave the rest, screw whoever comes afterwards, and 30 - 50 years from now is not my problem".
But for the people that live there, it is their problem, they exist with people that were there 30-50 years ago, they know the local history going back hundreds of years.
Most of us live in a temporary and individualistic society. In my country, generally speaking, people get married, buy a house, have kids, live there for 30-40 years, then sell the house because it's too big and inaccessible for their aging bones, live in a rental or buy an apartment for the next 10-15 years, then sell that and spend the rest of their money on the retirement / care home. Some might pass on to their children. Usually the children don't inherit the house, because they can't afford to buy it or buy the other children out, or because they don't want to live in their parental house or town. Nothing remains from the previous generations except maybe some keepsakes.
The only example of generational stuff are some farms or companies, but even they don't last; farms from 100 years ago are not up to modern standards and cannot compete with industrial farms. I was staying at an airbnb on a farm like that, the only reason they still survived was because they lived in a protected nature area and they could benefit off of tourism, making and selling their own products in their own restaurant and local stores. Cottage industry, but they're the exception because it's a lot of work to make and sell products like that; you need an audience that's interested in locally produced goods like that, and it has to be priced competitively.