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Reply to "Keep big suburban house or get a condo in city"
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[quote=Anonymous][quote=Anonymous]Our ILs had a big house where all the kids and grandkids could stay (in FL). Our kids are the youngest grandkids (others are already out of college), and when the ILs moved/downsized, we did not have a ton of money, and made visiting too expensive for us for a hotel or AirBnB every visit. Guess what, we didnt visit as much - we just didn't have the money (and ILs didn't offer to cover). We will be keeping our large house in the suburbs and pay for others to do the maintenance until we need a retirement/independent living community. I want our kids and their eventual partners and kids to be comfortable visiting us in the home they grew up in. [/quote] This is a good point. My parents moved to a CCRC (continuing care retirement community) and, while they have a 3 BR unit, they chose not to have either of the 2 other rooms a guest room - just an office and a TV room. For us to visit, we need to fly, stay in a hotel nearby, which, even in the suburbs, is now $225 per night - for nothing! A Best Western type where you make your own breakfast - which is fine, but for $225??? And no pool, no bar, nothing to do after 7:30pm when we leave my parents after dinner. And we go for 9 or 10 nights at Christmas, and a few other long weekends throughout the year. It gets really expensive, especially if we also had to rent a car (we use my parents' 2nd car right now, which is great, but eventually they will sell that). So our 10 day "jaunt" to visit my parents is expensive. And, given that we are married adults in our 50s, it's also weird to have them help us pay for a hotel! Like, we should be able to pay for it - and we can - but paying $3000 for that means we are limited in our non-family vacation budget. And staying in a hotel means that you can't just "hang out" over a cup of coffee - we need to get up, eat breakfast, pack what we'll need for the day, then drive 30 minutes to their home and stay all day. Including if we go out that night, we need a change of clothing, because there are no closer hotels in the suburbs. I want to try a Air BnB but my husband hates the idea of living in someone else's home. And a 10 day stay might be too long for that, anyway. So IF you do this, please make it clear that what you are saving in yard and lawn and house maintenance you have created as a fund for your kids to use when visiting. [/quote]
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