Reply to starting to think downsizing to a townhouse not worth it

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[quote=Anonymous][quote=Anonymous]it's not really about townhouse pricing, it's about hedonic adaptation. You don't want to move to a crappier place, so you are looking at fancy townhouses and those aren't cheaper.

You can't both "pocket half a million" and stay at the same standard of living.[/quote]

Yep! A few years ago we helped my MIL move closer to us at age 80 because she had a really deluxe condo, but was almost out of money for her living expenses. She also had some health issues and it made sense for her to live closer to us in case of an emergency. It took forever to find a place she would even consider because she "refused to settle" - finally we found a massive 2BR/2BA 2100 sq ft condo for rent in a retirement community building with an elevator and garage parking. Retirement communities are the only places near us that had larger 2BR/2BA  apartments because they are marketed to people that are downsizing from mainly SFHs. So for OP - maybe now is not the time to try to downsize. Maybe save it for when you're older and need to live closer to family and avoid having to downsize multiple times (from SFH to townhouse to retirement community).[/quote]

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