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Reply to "Downsizing when you age or empty nesters?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It cost a lot of money to buy and sell. As my father said, why downsize to a smaller house in his mid - late 70s only to have to sell it again within a decade to move into assisted living/retirement. They're staying in the house till they know they absolutely have to move to a retirement community. [/quote] That is why (imo) it makes more sense to do the downsizing in your mid to late 50s, once kids are out of the house. Then you get 20+ years possibly living there before you need a retirement community [/quote] +1 you don't want to be moving when you absolutely have to. You want to do it when you don't have to. Moving when desperate makes it harder. My MIL had to move at 88; big house, lots of steps. Fell, blacked out. Finally she agreed to move. Bought a nice bungalow. Died 18 months later. They will be lucky to not take a loss on the house.[/quote]
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