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Reply to "What if the elderly parent's house is more luxurious than the adult child's house?"
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[quote=Anonymous][quote=Anonymous]My parents have three beds three baths with a nice view. I have three beds one bath (all much smaller than theirs) with a view of the neighbors' houses. I told my mother of course she could move in with me when the time comes instead of going to a nursing home and she asked "But it's not going to be this house, right? This is just your starter house. I was hoping you'd move somewhere waterfront." I think the point OP is making is that many boomers especially are rather spoiled housing-wise and will be underwhelmed by their adult children's downwardly mobile lifestyles.[/quote] Not sure if OP was actually making that point, but I think it's true. My parents would never want to move in with us. They turn up their noses at our home every time they visit. And my dad persists in being confused as to why we haven't upgraded to something larger yet, despite me repeatedly explaining to him unlike when they were upgrading to a larger home, we'd have to pay twice as much, maybe more, than we paid for our current home just to get an extra bedroom or more square footage. Or we'd have to move well out of the metro area. My dad still can't wrap his head around the idea that our current home cost 600k, when they bought a similar but actually larger home back in the mid 80s for like 80k. He thinks we got ripped off. Even my MIL, who has simpler tastes, wouldn't deign to live with us. She thinks it's pitiful we don't have a proper front porch and that our home doesn't have a true basement. Our house actually is nicer than hers, but it's not filled with her billion tchotchkes so it will never feel like home to her.[/quote]
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