Reply to Honestly the complete disregard for GenX financial strain is getting old

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Boomers have very good social security benefits with no means testing. They do not NEED to keep working and delaying retirement. They also won’t give up their family sized homes that younger people need to start families.

Meanwhile they complain that they don’t have many grandchildren. And that it’s expensive to hire people to cut their grass, repair their spare 2 bathrooms, snowblower their long driveways. It’s ridiculous. Poor them.
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They just care A LOT about their peers’ opinions. 
My parents had an enormous house on 2 acres of land. I convinced them to downsize and when they saw houses that would be an appropriate size (no stairs, 2 bedrooms) they were appalled. My mom said “I need to be PROUD of my home! My friends wouldn’t be impressed by this.” They ended up in a huge “luxury” townhouse with two flights of stairs. But at least they got rid of the yardwork problem.[/quote]

Your mom is right. Those tiny 2br "retirement" homes are depressing. Most of them don't even have enough space for a proper dining table that would seat 8-10 people. Tiny closets, no storage. We are not ready to downsize yet (youngest still at home) but what I have seen is not very encouraging. We will likely either stay put and remodel or do a partial downsize to something like a large townhome for 10 or so years before downsizing again. [/quote]

Why do you need a dining room to host 10 people? Isn’t it time for the next generation to get to own a home with space to raise their kids and be the one entertaining?

Also I don’t think rattling around in a 5 BR house in your 70s is something to be proud of, especially if you’re in generic suburbia. If I didn’t have kids I’d be in a smaller luxury home in an upscale city. No one is fawning over Barbara’s 80s track built home in Loudoun. [/quote]
As a recent retiree, we want space to seat 8 to 10 people because we have a large friend group! We have 6 to 8 of us who get together 3 or 4 times a week. We host lunches and dinners (either the host cooks, or everyone brings a dish), play cards and have movie night. One of our friends is religious and hosts her church's retiree bible study group and potluck dinner.

We are thinking of downsizing from the 4300 sf we don't need, but I don't want a small living or eating area, due to socializing. The kitchen doesn't have to be huge, but I don't want tiny either. We are not sitting around watching TV and waiting for our adult kids to invite us to Sunday dinner at their house. We stay active, volunteer, and need room to host the many friends we are lucky to have.[/quote]

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