While I have a similar experience with, hurm, "legacy" codebase, I gotta say, LLM (in my experience) made the "legacification" of the codebase way, way faster.
One thing especially, is the loss of knowledge about the codebase. While there was always some stackoverflow-coding, when seeing a weird / complicated piece of code, I used to be able to ask the author why it was like that. Now, I sometimes get the answer "idk, its what chatgpt gave me".
"Code increases in complication to the first level where it is too complicated to understand. It then hovers around this level of complexity as developers fear to touch it, pecking away here and there to add needed features."
Most teams are understaffed and under pressure to deliver. Agile is all the rage so why spend time developing architecture when you can yolo it during the implementation phase?
this matches the description of every codebase (except one) I came across in my 30-year career