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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] But why downsize if you are already happy in your house? That's what some of you are struggling to understand. There is no rule that you must downsize into something smaller or more efficient by a certain age. Smaller houses aren't necessarily cheaper to operate than larger houses, there's a certain amount of sunk costs involved. [/quote]
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