Quote:
Originally Posted by Papa_lecki
It’s profit taking and the explosion of new builds in the last 12 to 18 months.
New buyer must wait 12 months before they can sell, to keep 100% of the profit. We are hitting that time for all the new builds around Richmond.
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My personal opinion: 1) High & increasing amenity fees with irrigation, garbage, etc. 2) High property taxes; 3) An insane insurance market; 4) For many years, people move because of health reasons - to be closer to family. These are the things that would motivate us to leave.