Reply to The median Boomer has a housing cost of $612. That includes taxes and insurance.

Forum Index » Real Estate

Reply to "The median Boomer has a housing cost of $612. That includes taxes and insurance. "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I actually think it’s pretty rare for elderly to stay in really high value homes unless there is a particular reason (like caring for grandkids nearby).  Most r the boomers are staying in houses that are run down or in not very desirable locations — most of the ones around here are cashing out and moving to the Carolina’s or Florida.  The ones in Ohio, upstate New York, western PA, etc etc are pretty stuck.  Even some places around here…if you are a boomer in an unrelated Levitt house in Bowie, can you get enough for it to buy into a nice over 55 community? [/quote]

Soooooo many boomers living in our neighborhood of 4-5 bedroom houses in Alexandria. They all have huge yards (for the area). If they wanted they could easily sell for 1-1.5 million. They're not leaving because they don't want to downsize. Personally, I can't imagine wanting this suburban lifestyle in my 70s . . . [/quote]

The #1 problem is you hit an age where it is very hard to make significant decisions.  I saw it in my own parents and now seeing it with spouse's parents.  They don't want to deal with the large house, but are paralyzed about how to solve for that.  If you are planning to make the move, you probably need to really put that plan in earnest in your 60s.

They would never say that's why they aren't moving, but you see it with all kinds of everyday decisions as well.  Just a complete paralysis about getting a new car (when the old one breaks down a ton and has none of the safety features you would want for an elderly driver) or other similar decisions.

When I read this article, that is the takeaway for me for basically all the people they interview.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics