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Real Estate
Reply to "starting to think downsizing to a townhouse not worth it"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Other issue boomers can’t downsize as they need the big house as kids are not stepping up I will be hosting thanks giving, Xmas, till my 80s[/quote] You don't have to, you know. --Boomer with big house that doesn't do it anymore. [/quote] who is doing it. I went this week to a big wedding. The 32 year old daughter first of four kids to be married. The brunch day after wedding parents house. Like 100 people there. The wedding shower was there a few months ago. The parents do Easter, Thanksgiving there. All four kids live in a tiny apts in the city. Most have roomates.And where do you think Baby Showers, etc will happen. Parents have a 4,000 sf home with a 2,000 sf finished basement. In fact they only upsized 10 years ago and now everyone sleeps over. That wedding they had at least 15 people staying over. I myself had a tiny house 1,300 sf when kids little. I only upsized when my oldest was already 18. As crazy as it sounds you eed a much bigger house at 65 than 45 in todays world. My three kids 18-25 are all single and two oldest live in shoebox apts and dont own cars. Every holiday my house is full and everyone is staying over. I bet when spouses and grandkids come I can imagine holidays with 15-20 people staying over. I have 7 bedrooms and five bathrooms which I bet I will be using plus the sofas to sleep people on. BTW I also own a 1,200 sf condo with two bedrooms I rent out as an investment last 13 years. We stayed over a few times when first got it and my wife was like I could never live it. At that time I had a 1,300 sf house so you think same size. But lack of garage or backyard or driveway made it feel tiny. [/quote] To answer your question, no one is doing what you are. The kids get partners/spouses and move into larger spaces (2 bdrm to 3-4 bdrm SFH). They have their own smaller gatherings and invite you and some close family and friends. They also go to their partner's family/friend holiday events. When they have children, they want to celebrate in their own homes, however modest. Sometimes a group goes out to a restaurant to celebrate. [/quote]
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