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Reply to "Downsizing when you age or empty nesters?"
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[quote=Anonymous]We downsized from our big house to a three bedroom condo in a fun urban area. We live there all the time and it did not make sense to us to keep that house just for a few holidays. In fact, we often do major holidays in a rental house in another location anyway. If we need extra space (usually what we have is enough), there are hotels within a block or two walking. So far we have never even had to use that option. One kid is coming home (using third bedroom) and one kid lives far away and is only here for visits. My parents also downsized by selling their paid off house and renting a one-level bungalow in an apartment complex. The extra cash from selling the house is nice to have and they have more than enough to rent for the rest of their lives. We just didn't want to be aging in the same place we had already been in for 20 years and were looking forward to a new chapter. We will almost certainly move another time or two as we move through different life stages. [/quote]
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