Reply to starting to think downsizing to a townhouse not worth it

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m not sure why you assume that townhouses would automatically have that much of a price discount, just because they’re townhouses. With everything else equal (location, build quality, square footage, number of beds and baths, etc), the price of a townhouse will generally be somewhat less than a single family house, but not by extreme amounts. And why should it be too much less?   Young couples can raise their kids in townhouses too.

If you want a major price discount, you’re going to have to trade off something substantial - location, square footage, # of bedrooms….[/quote]

+1. Boomers don't really want to downsize. That is the reality. Just own it. I'm genx and have no plans to downsize either.[/quote]

I'm GenX.  I bought a 3 BR/2 car garage condo TH.  Never moved.  Raised 2 kids, one now in college.

It hasn't appreciated like an SFH but lots more money went into the stock market and our taxes are lower from being in same place since the 2009 recession.  And we haven't had to do any exterior maintenance or chores during our entire period of homeownership.  And now we don't have to downsize.[/quote]

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