Reply to Genz and millennials don't want your small starter homes want forever homes now

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[quote=Anonymous][quote=Anonymous]My in laws bought and lived in a huge house.  When it came time for selling it even though all the kitchens and baths had been renovated within the last 5 years and they custom built it 25 years prior they had to keep cutting the price.  It was in an excellent school district too.

The one house their owned before their 6000 square foot home was a 2500 square foot colonial in a walkable town about 15 minutes away.  That home sold about the same time as my in laws second house.  This colonial had not been updated since my in laws owners it and sold for more than my in laws second house!

I live in what would be considered a starter home for many.  I love it! I lived in Europe and other countries where you don’t have these huge houses and I would rather spend my money to invest and travel than on a big home and its maintenance and taxes.  To each their own I guess. [/quote]

Not quite a 1:1 but similar happened to my in laws, though because their previous home was in an area of huge appreciation they made a bunch on it and were able to pay cash for house #2 and then sell that and downsize with cash for house #3.

The happiest they all were was the smallest (less than 2000 sq ft) house with a community and walk ability.

I feel similarly about trading off the huge home for a walkable true community and flexibility is other areas.[/quote]

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