Reply to selling family home, kids are guilting us

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[quote=Anonymous][quote=Anonymous]I think the timing is just hard in early twenties if the kids aren’t fully established in their own homes and lives, which is unlikely. Once they have their own home, kids, etc and just generally set up on their own they will be less affected and more understanding of the reasoning. I would have been pretty sad in my early twenties if my parents moved. Now I’m in my mid-thirties and I fully support them if they want to downsize. I am able to more clearly think about their aging and what is best. I don’t think many, maybe some, college kids are worrying about their parents next stage of life plan- they are busy trying to figure out their own.[/quote]
This sounds right to me.  My parents were always in a huge hurry to move the the next stage of life and would put pressure on us kids and themselves to move forward to where they wanted to be in 5-10 years, even if it wasn't where they wanted to be now.

Just as one example, they sold their dream home in their mid-60s because they decided it would be too much to maintain in their 70s.  In the end I think they really regretted not staying in the house and enjoying the space to host family gatherings and spread out for a few more years.  Their "retirement" house is much more cramped and they hate being on top of each other.  It's been really hard for them.

I'd take a good look at interest rates and see how much money you'll actually save by moving and consider if it would be just as good to move in 1-3 years.  It's fine if you want to downsize and that's the plan, but is now the right time?  Your kids say it's too soon.  Maybe there are reasons why now is the perfect moment or maybe next year would be okay too.[/quote]

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