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Real Estate
Reply to "Boomers can’t downsize "
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[quote=Anonymous][quote=Anonymous]It seems like people don’t downsize until they are forced to. Once people hit their 80s, things can fall apart rapidly. If you are wheelchair bound or demented or disabled, it doesn’t really matter that you will lose money selling your house. You just have no choice. (Unless you can afford full time aides or dally help). [/quote] We plan on downsizing long before we hit our 80s. I saw my MIL going through this, and it was awful. DH kept telling her to move while she could relatively easily, but she was so attached to the house, and she insisted that she would be fine. Well, she wasn't fine. She fell a few times, and one time, got knocked out cold. The house had too many trip hazards, including stairs. She finally moved, but by then, she was desperate, and spent way more moving because she couldn't do anything herself. My parents were the opposite. As soon as we all moved out, my parents downsized to a one level condo. They were in their 60s. This is what I want to do.[/quote]
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