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Real Estate
Reply to "Boomers can’t downsize "
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[quote=Anonymous]You're conflating two issues: The size of the house and the location. You could likely find something smaller in your same general location (though in certain specific neighborhoods it might be hard to find a smaller unit), but you can't afford a smaller home in a much more expensive neighborhood. We have a 2000 sq ft house in the city so probably won't downsize when the kids leave, because we'd want something maybe 2/3 of the size, and it wouldn't be worth the change. But if we had a 3500 sq ft house in the burbs, we'd probably consider moving to a smaller house in the same area.[/quote]
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