Reply to Downsizing when you age or empty nesters?

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[quote=Anonymous][quote=Anonymous]A lot of people find downsizing depressing and that’s what becomes the beginning of the end. I like a lot of space and I don’t think that will change once I’m older. [/quote]

I think timing matters.

All the 80+ folks I know who felt depressed about downsizing created the situation by waiting too long. Yes, it is depressing selling your family home in your 80s and moving into assisted living.

All the people I know who downsized in their 60s/70s approached it as an adventure. Some got condos in cities or beach towns, some bought vacation homes or split time between vacation homes and a condo elsewhere, some moved to new areas for an adventure (Hawaii, Mexico, Aspen, whatever). Several spend months at a time renting in various tourist destinations. Nothing depressing about this.

The folks I know who had truly massive homes while raising kids “downsized” to more normal size homes once their kids launched. I know a couple that recently sold their $2M home and bought a $1M home. The “smaller” home still has 4 bedrooms and plenty of space, but it doesn’t have as much property to deal with or nearly as much square footage to clean and maintain. They’re shocked by how cheap their utilities are in a normal size house. They used the tremendous proceeds from their home to get a vacation house. Nothing depressing about their downsizing. [/quote]

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