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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] I am 55 with both kids out of college. Kids are still coming home with various friends. I am hosting holidays. Our house is paid off. I see no reason to move, Someday if stairs become hard, we will think about moving. Maybe the kids will host and we will be visiting them. I imagine it will be a retirement community or Continuing Care Community,[/quote]
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