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I have a coworker that decided to make an offer on a house but not make it contingent on selling their existing house. They are currently paying two mortgages and it seems like they'll sell their previous house for quite a bit less than what they expected.

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Why didn't he sell and then rent something less comfortable (i.e. cheaper) for a while before going back into the market chain-free?

It can still be difficult to find what you're looking for (inventory is low), and with prices increasing as they had been up until very recently, you end up running the risk of not being able to find a replacement before you're priced out

It's not very practical nor is it inexpensive for most people to move all of their belongings into an apartment and storage unit, then move it out into a new home.

Could they rent it out?

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