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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][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] Except my generation got married later in life and our kids are getting married later in life. Also it seems the "kids" dont want to buy and live in tiny shoebox studio apts by themselves or small two bedroom with a roomate. Then when married the two get a small apartment and then move on to a house once kids come. By time kids even our married and on their own parents are now often in their 70s. And other issue is right now today. Myself and my three kids live in four differenct states. They are all single and young. They come to my house as I have all their bedrooms still intact. They still have clothes in closet, store stuff here. I can imagine when I host a wedding for my first kid everyone is coming. I could easily do a cocktail party or brunch my house and have folks sleep over. People dont live near people anymore. When I host stuff now I have aunts, uncles my MIL etc all between 75-85 stay over. My kids too. And kids dont come for a night. We also now have WFH which is another factor. When my kid from out of town comes for Xmas or Thanksgiving or July 4th week or whatever she always stays a week. She just works from home and she brings her dog. I also have another one with a cat. My wife has a dog. My house gets it all. And then you have them in college if they have friends visit they stay over. [/quote]
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