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Never underestimate the power of psychology and sentiment. If he sold it at his age he’d be left with what? A pile of money and regret? And at, say, 80 starting over is brutal. Living in a place he doesn’t recognize, away from anyone he knows, etc. It is probably why some people don’t leave struggling small towns, they grew up there and to leave is to start over and abandon everything.
Never underestimate the power of psychology and sentiment. If he sold it at his age he’d be left with what? A pile of money and regret? And at, say, 80 starting over is brutal. Living in a place he doesn’t recognize, away from anyone he knows, etc. It is probably why some people don’t leave struggling small towns, they grew up there and to leave is to start over and abandon everything.