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Reply to "Give me ALL the talking points for talking to parents about downsizing and/or moving"
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[quote=Anonymous]As someone who is now an empty nester at 52, I'm actually giving thoughts to downsizing with my fiancee. Here are a couple of the things holding us back: 1) Pure economics. At the moment, selling our house and finding something even a few thousand square feet smaller (if we can find it) would end up costing us near the same as we pay now and reset our mortgage because of the interest rate differential. We can afford it, but we don't really WANT to, especially with the transaction and moving costs involved. 2) Finding the right housing stock. I realize we're 52, not 72, but we're not eager to move into a place with shared walls if we can avoid it. But on the flip side, most of where we need to live (because we are still working for the next 15 years or so) is all giant homes on huge lots. It's really difficult to find a modest SFH -- blame past zoning/planning policies. I might feel differently at 72 or 73, but generally speaking, we're down with people (I mean it, people SUCK) and have no desire to live in a high-density community. I realize that needing access to medical care down the road could change that equation.[/quote]
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