Quote:
Originally Posted by bowlingal
so many used homes for sale south of 44. Just pick up the Daily Sun and check it out. Why?? Why are so many people selling their homes after only living there for 1 or 2 years? Makes you wonder........
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Several valid reasons:
1. South of SR44 is where all the new construction happens.
2. New home buyers must wait at least 12 months to sell in order to avoid turning any profits over to the developer.
3. You must own your home for two years to avoid paying capital gains taxes on any profit.
4. The crazy market has allowed many people to realize tremendous gains by selling.
5. Some of these homes were bought by "professional" flippers.