Reply to Whats the oldest you would purchase a new home?

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[quote=Anonymous][quote=Anonymous]I had a friend who bought and renovated a condo when she was 86.  Her husband and died a year prior and she bought after living w her sons for a while.  She died during covid fall 2021 after living there only 3 months.  She enjoyed setting it up and the time she had there.  I’m sure her sons sold it or use it as an investment property. There was plenty of money.

My paternal grandmother could no longer live on her own at 70.  My mother had early onset dementia at 59.  Her mother died at 60 of a massive stroke.  I’m 61.  I just separated (by choice) and am renting for now.  I think I’d rather invest in a condo next and leave it to my son in a trust.

[b]Are you just supposed to give up and say nevermind at a certain age?[/b] I try not to live that way. [/quote]

I don't know what you mean by that. I would lose interest in moving because I think it's an expensive hassle. I'd rather get it done and settle into a CCRC so I can put my time, effort, and money into things I *do* enjoy, such as travel. If your friend enjoyed setting up a new condo, great. If she did it thinking it was a great investment, eh. At some point it's nice to be set up financially so you can make choices that will give you pleasure rather than worrying about whether what you want is too expensive.

My mom has millions and took ages to decide to buy a "new" car -- a used Subaru. She worried that it was a waste of money when she wasn't sure how much longer she'd be driving. Buy the house! Buy the car! Take the trip! Just understand what the best and worst case scenarios are.[/quote]

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