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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP why is your wanting them to move before they are 80 a "lack of planning?"

I can't imagine telling my 79yo mother to move. Or, even my 88yo MIL. [/quote]

Maybe because they can’t take care of the house anymore? It has lots of stairs that aren’t safe? They can’t keep up with housework? [/quote]

Hire help for them.[/quote]

Sorry but why would I pay for someone to take care of the home I don’t want them in anyway? It costs way more to maintain a 5 br house and a large yard than a condo…[/quote]

I’m not sure about that. Condo fees in this area are expensive. Why don’t you actually do the math. [/quote]

Depends on the condo, and also you have to compare true apples-to-apples.  If you select a basic condo without any fancy amenities, then you can find reasonable condo fees.  Remember, those fees cover homeowners' insurance (you just need to insure your contents with renter's insurance), all exterior maintenance, trash (for areas where this is charged in addition to property tax), etc.

Obviously, the difference in this situation is it doesn't actually cost much to maintain a 5 BR house...if you decide you aren't going to maintain it.  You pay for it in decreasing the market value of the house.  There was a house in our neighborhood that was in horrible shape...gutters falling off, tree branches literally growing into the roof, cracks in the foundation.  An elderly woman lived there alone and did zero maintenance.  The house was sold to a developer for like $750k vs. a similar house in good shape that sold for like $1.75MM. [/quote]

Lived in a condo and had a special assessment of $35K.

Also, funny how you want to put them in the cheapest condo with no amenities. I guess that works for you. [/quote]

[b]A well run condo doesn't hit you with a $35k special assessment, as it's already wrapped into the condo fees.[/b]

Not putting them in the "cheapest" condo, but if you aren't going to use the gym, the pool, the golf simulator, the rooftop deck, etc...well then why would you purchase a condo in such a building that is going to have a very high condo fee as a result?[/quote]

This is incorrect. Condo fees cover routine things and basic maintenance. If the roof to the building fails, or if the decks start rotting, or if there's some other capital expenditure necessary, it will not be covered by the condo fees. Sometimes major outlays are required. [/quote]

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