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 gen x and want to downsize, but OP is correct:  financially, it's not worth it.

I have a 3200 sqft sfh with a good sized backyard in a good school district.  Lots of younger families are moving in as the old timers leave.  There's been a lot of turnover.  But, those old timers bought the house when houses here were super cheap, so they are making bank on the sale of the house. We would not since we bought the house 12 years ago.  So, we'll end up sitting on the house until we can no longer manage the steps.  Personally, I'd rather downsize now, but financially, it doesn't make sense to do it.[/quote]

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