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[quote=Anonymous][quote=Anonymous]For those of you supporting your parents or have parents who are on the verge of needing extra help, do you have parents who refuse to downsize their lives? My own parents are currently well off but they live in a house with four bedrooms in a very high tax area. I'm starting to wonder if their refusal to cut down on their expenses by moving into a one bedroom condo in a low tax area will end with them bleeding through a large chunk of their savings. I get that they are attached to their long time home but it seems very inefficient to me to be paying to heat a bunch of rooms they never use as well as pay crazy taxes for a school district they haven't sent kids to in 25 years. [/quote]

My mother lives in a high tax area in a large house but it turns out condos are also expensive with commensurate taxes, plus condo fees, that actually end up being higher than the taxes plus outside maintenance on her current house. Utilities savings are negligible so it's actually cheaper to stay put. Plus the fact that the house is in a desirable school district means that the value continues to go up. I'm not sure you are looking at the whole picture so it might be worth doing a cost comparison on more than just taxes.[/quote]

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