Reply to Anyone transition from big pay/big house/big expense to a low cost, simple, yet fulfilling retirement life?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My parents kept their house bc we all go there at Christmas.  It’s great, but honestly a bit silly - we could all meet up literally anywhere, so it doesn’t make sense to keep a house for 52 weeks because it comes in handy for 1.[/quote]

I have already told my kids this. I am 47 and they are 10 and 13. I told them I am not maintaining a large house in my late 50s or beyond in case they come home for Christmas. I will be getting a townhouse. If it is not big enough, we can rent a large house for a week for Christmas and in the summer. [/quote]

This^^^

It's also cheaper to "help your kid with rent" if they come home to start their career and you live in a VHCOLA.  Giving them $X per month to help with rent is much cheaper and easier than maintaining a huge home so they have a bedroom

We implemented this and it works great.  Just had both kids home (one from college, one who is flown but came home for 2 weeks and worked from here).  When possible we rent the guest suite in our condo bldg.  If not, one sleeps on the couch and we have our morning coffee in our bedroom so they can keep sleeping and husband goes to office instead of working from home.  As they get SO/grandkids, we will just rent a place nearby for everyone or within a few blocks for anyone who needs it.  So easy to do, no need to have a huge place just for 2-4 weeks per year.

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