If it is a quality overhaul, why would somebody put that much money into an airplane just to turn around and sell it?
(* sigh *)
I think I know the answer to this question. As humans, we are wired to avoid pain. If we stick a finger into fire and it hurts, we tend to not stick our finger in fire again. If we get into investments that lose value, we tend to not buy into those investments again.
This tendency to not want to repeat painful experiences is also why humans tend to shed themselves of objects that have brought them pain or are linked to memories of pain. An engine overhaul can be a painful experience. Just like the many times I've heard people say things like, "Yeah, I bought $20k worth of stock once and it lost $8k in value. I sold it and will never buy stocks again" I've also heard former aircraft owners talk about how they once expended a lot of money on maintenance and will never own an airplane again.
There is definitely a "buy high, sell low" effect with most people as they react to the pain of a monetary loss. It's a normal, wired in reaction for the human brain and selling a vehicle right after putting a lot of money into it is not uncommon.
Now, is anybody interested in purchase a C-150M with a 10 SMOH engine? I just changed out the mixture control cable last weekend. That was the last little chore in debugging the installation that made me tired of dealing with it. ;-)
