Quote:
Originally Posted by Lottoguy
In the paper yesterday there were 15 pages of homes for sale south of 44 in the newer area. Many of these homes are very expensive. Some of them over one million dollars.
According to the rules after a new sale of a home, you cannot resale that home until you keep it for one year. What are the reasons for selling these nice home after such a short time? I don't get it.
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SO most of them have a different mind set than you. You may have bought your near ideal house and financially secure. Others might want to take the appreciation and build another house at a cheaper price as its cheaper to build in a new location or build a better house with the profits. . also there are divorce reasons, medical/death reasons, family reasons. . those three reasons are the big three which a retirement population deals with all the time. . . and cause house turnovers. . . the fourth is house appreciation to add to financial security. .
fifth is downsizing with age . . . not high on the list. .
we bought ours at $355, currently zillow at $560, that's a nice chunk of change if we needed more savings for retirement . . .
so the answer is not everyone thinks like you, not everyone has your financial situation, and if you are wanting to move to TV, a resale gets you here faster, if you can afford it. .
have an open mind. .
psychological guy