Reply to Americans locked into lower mortgage rates have been increasingly unwilling to sell their homes.

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[quote=Anonymous][quote=Anonymous]I’m dealing with elderly parents and in-laws at the moment. Both are in big homes where they raised their families. One set refuses to leave…ever. They will die in that house. The other couple is preparing to downsize dramatically and relocate. Why? It’s become dangerous to do stairs, maintaining the house and landscaping coupled with the ridiculous taxes (they aren’t in the dc metro area) is actually quite costly.

I bet if we had better housing options for retirees then more people would downsize. Nobody wants to leave their nice neighborhood with good neighbors in highly desirable areas (read: safe, near good amenities, etc.) for a cheaper, less desirable area. Not everybody wants to live in Leisure World.

And now that prices spiked in Florida and/or their politics went bananas, plenty of folks in the dc area are no longer interested in relocating down there.

DH and I will think hard before downsizing, but I would be up for it if we could make the numbers work and land in a desirable area. [/quote]

Agree with this.  My parents sold my childhood home a couple years ago in part because of the stairs issue, also upkeep.  They were fortunate in that there are a few over-55 type communities in their area with rental options within their price range.  My ILs live in an area that does not have great options for retirees- seems like most stay in their homes until it’s time for assisted living- and their current house is huge.  They say they want to downsize, and have had young families offer to buy their current house, but they don’t know where to go.[/quote]

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