Reply to Americans locked into lower mortgage rates have been increasingly unwilling to sell their homes.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm never moving out of my starter house at a 2.2% mortgage.  We just get used to making do with less space.  [/quote] +1  I also have a 2.2% mortgage.  We bought 18 years ago, and our mortgage is $1200/mo.  We've raised two kids in our small 1100 sq ft home, and it will be the perfect size for us as empty nesters.  I expect my kids to move out in the next few years, and our mortgage is almost paid off.  We are in DC and have a decent-sized yard.  I'll never sell.[/quote]

You need a bigger home in retirement. My neighbor has a 7,000 sf house and Xmas, Easter, etc often 6-8 cars in driveway and 20-25 people staying over as they host holidays.

Then you got engagement parties, weddings, watching grandkids, pet sitting.

I have a 7 bedroom house. It is crowded sometimes. One kid brought friends home from college, other doing sleep over with friends, third one in her room me and wife home and pets.

When I was young we had a 1,300 sf house with three little kids. I had that till oldest 18. Now I need way bigger.

Don’t you watch hallmark? Grandparents always have the large homes and kids come home for holidays with grandkids [/quote]
Unless you live in a "destination" - the beach, mountains, lake, etc... your kids will not be excited to take time off from their jobs and drag their spouses and little kids to come visit you.  We also have the retiree neighbors with the giant house.  They, too, thought they needed it for all of the family visits.  Their kids visit maybe once a year.

I think you are thinking of that window of time where your kids are "adults", but do not yet have any obligations to a spouse, a spouse's family, or any children.  This is when they are most likely to visit for holidays or bring friends with them.  Now buy yourself a giant beach house, and you may just in fact have visitors quite often![/quote]

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