Boomers can’t downsize

[Anonymous]

This is why boomers are annoying to so many of us.

You’re so entitled.

[Anonymous]

OP my last one is leaving for college soon. My house big. But close in, no HOA fee and I have landscaping.

I am not from DC so I have zero relatives and only work friends. So retiring elsewhere is east.

However, doing bath with wife she is like why not just buy a small one bedroom in an older condo with no amenities and low common charges by beach and just snowbird.

My friends 825k house the HOA mixed in a few small condo units for “working class” when built but low snow birds are buying.

So if I and other boomers do this now we are taking up two homes.

They really need to RTO everyone to get remote people out of Florida etc so retirees can move there again.

[Anonymous]

This reminds me of my husband’s aunt and uncle, who moved from NJ—an easy place for people to visit them—to a massive house they built in Wilmington NC. Then they complain that no one wants to visit them anymore.

[Anonymous]

Anonymous wrote:This is why boomers are annoying to so many of us.

You’re so entitled.

You are so entitled. You want us to leave our homes and go live in an apartment so you can leave your apartment and buy our homes! Somehow, you are more deserving!??

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Typical boomers. Want top dollar for the home they're in now, but want to land somewhere nice and cheap.

Typical GenZ/X/Y - want to land somewhere nice, but it also has to be cheap.

Not true - most of my millennial friends bought in expensive areas because we value location over mcmansions

I’m a millennial who bought a smallish ranch in a very desirable area. Could have bought a McMansion even 10-15 minute drive away, but I rather be able to walk and bike places and be by good schools. It’s not as close in as I originally wanted (takes me a bit longer to bike or walk somewhere) but I’m super happy now and have a bigger yard. I worked hard and decided I wanted location over anything else. I have friends who decided they wanted 3500-4000 square feet over my 2000 so they moved out more and have to drive everywhere. Some prefer it, some don’t.

OP you gotta decide what you want over anything else. Location? Space? Being by healthcare? Speak to a financial advisor or do a little more looking or look a little farther out.

Look at lake properties, look at places that are easily accessible to healthcare, stores, etc. Have you looked at 55+ communities?

[Anonymous]

All of those places will be underwater in 5-10 years.

[Anonymous]

Anonymous wrote:OP my last one is leaving for college soon. My house big. But close in, no HOA fee and I have landscaping.

I am not from DC so I have zero relatives and only work friends. So retiring elsewhere is east.

However, doing bath with wife she is like why not just buy a small one bedroom in an older condo with no amenities and low common charges by beach and just snowbird.

My friends 825k house the HOA mixed in a few small condo units for “working class” when built but low snow birds are buying.

So if I and other boomers do this now we are taking up two homes.

They really need to RTO everyone to get remote people out of Florida etc so retirees can move there again.

Haha, that's hysterical! You want to FORCE people to return to the office to free up more housing in Florida for retirees? what is wrong with you? everything isn't always about you. It's fine that mom now has a long commute and doesn't get to see her kids, cuz Grandma needs her condo. Huh?

[Anonymous]

Anonymous wrote:I would say “Boomers don’t want to downsize”.

Yup. My parents and inlaws have way too much crap in their houses, basements especially. Their criteria for a “downsized” house are so extravagant, what’s the point.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Typical boomers. Want top dollar for the home they're in now, but want to land somewhere nice and cheap.

Typical GenZ/X/Y - want to land somewhere nice, but it also has to be cheap.

Not true - most of my millennial friends bought in expensive areas because we value location over mcmansions

Your friends must be all the crazies who bought in 2020/21 and are now outgrowing their homes and are angry that they can’t afford to move up as they feel they deserve to.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is why boomers are annoying to so many of us.

You’re so entitled.

You are so entitled. You want us to leave our homes and go live in an apartment so you can leave your apartment and buy our homes! Somehow, you are more deserving!??

Chill out. If you’re happy where you are, maybe lay-off the real estate threads since they’re so triggering for you?

[Anonymous]

You're conflating two issues: The size of the house and the location. You could likely find something smaller in your same general location (though in certain specific neighborhoods it might be hard to find a smaller unit), but you can't afford a smaller home in a much more expensive neighborhood.

We have a 2000 sq ft house in the city so probably won't downsize when the kids leave, because we'd want something maybe 2/3 of the size, and it wouldn't be worth the change. But if we had a 3500 sq ft house in the burbs, we'd probably consider moving to a smaller house in the same area.

[Anonymous]

Anonymous wrote:Well, you can. You’re just experiencing sticker shock and don’t think you’re getting as much for your money as you “should.”

I feel the same way when I pay $5 for a gallon of milk but that’s how inflation works.

This

[Anonymous]

Anonymous wrote:

Anonymous wrote:Typical boomers. Want top dollar for the home they're in now, but want to land somewhere nice and cheap.

Typical GenZ/X/Y - want to land somewhere nice, but it also has to be cheap.

Most of the houses boomers are selling are really not all that nice. Trying to pass a 20 year old kitchen reno as a recent update, for example. But options are limited right now so it’s more about finding something acceptable within a reasonable budget (“cheap” was in 2008, nothing is cheap anymore).

[Anonymous]

Anonymous wrote:

Anonymous wrote:Typical boomers. Want top dollar for the home they're in now, but want to land somewhere nice and cheap.

Typical GenZ/X/Y - want to land somewhere nice, but it also has to be cheap.

Anyone would want that. It doesn’t matter what generation you are.

[Anonymous]

Anonymous wrote:This is why boomers are annoying to so many of us.

You’re so entitled.

I hate to say it, but it’s kind of true. My parents (81 and 77) are in a house that’s way too big for them, and they’d like to move, but it has to be “a very special house” for them to consider moving. I think this is a bit precious considering that realistically I doubt they will be living in this new house for more than 5 years or so, given age and health. But I keep my mouth shut and nod supportively.