Next to us, the resales included divorce, pay legal bills / legal settlement, death of spouse and with the price up 20% or more, they sold for the gain. Other potential is that they were not retired, and then lost their income to support the mortgage payment. . . There are abandoned houses here where the owners lost jobs and they just stopped paying mortgage and lost their downpayment. . .
Don't assume that everyone views a home in the villages the way that you view your own home. There are many people who will take the money, and build another one or rent for awhile while making another location decision.
I offered the 18 mo old house for sale at 100% over purchase price, no takers. . .
So financial example, round numbers:
Purchase house, $350K at begining of pandemic, mortgage payment $2,000
Sell house for $500K during pandemic, monthly rental payment $1,600 - 2,000 smaller to same size house.
Profit with sale by owner, excluding realtor fees, $150K increase to financial assets.
Monthly rental payment savings 400 - 0, depending upon rental selection. .
$150K = 6+ years of rental payments
or build a new house and include a pool or an additional 500sq ft of living space in a build upgrade.
The financial people aren't looking at the house strictly as a forever house, which you may be. There are many, many other viewpoints of why a house may get resold.
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