Reply to Anyone transition from big pay/big house/big expense to a low cost, simple, yet fulfilling retirement life?

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Reply to "Anyone transition from big pay/big house/big expense to a low cost, simple, yet fulfilling retirement life?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I wish the people in their 60s and 70s in my neighborhood would downsize so that we could buy one of their big houses.  We bought a small house 10 years ago in a lovely neighborhood.  Now with a preschooler, an elementary schooler, and both parents WFH we would love more room, but no one is selling.  I don't know why the elderly want their 4000 sq. foot houses now that their kids are long gone, but that it seems they don't want to leave them.  [/quote]

probably because moving in a PITA, they have a low mortgage rate, and the new townhomes are almost as expensive as the 4000sf houses.
Unless you are planning on moving south to retire, it's easier just to keep your current home[/quote]

And then when they die, get dementia or are otherwise incapacitated, they can leave the cleaning out the big house and moving for their kids to deal with. Very considerate.[/quote]
DP.. I pushed our ILs to downsize a long time ago, and they refused. Then my FIL got dementia, and moving would've been difficult for them. Then he died, and my MIL got decision paralysis, even though she knew she had to move. Then she fell for the third time, blacked out, and finally made the move to a smaller place.

My parents moved when we all moved out.   But, moving out and downsizing is no small feat for people who have lived in their homes for 40 years.

Personally, I cannot wait to downsize, but my problem right now is where do I move to?   And a PP is correct.  Prices have gone up so much that a nice but smaller condo in a nice area is almost the same price as my large sfh in a good school district.  It's hard to move in that case.[/quote]

There is no such thing as a good school district.  It’s code for wealthy and white.  Why leave your home? It should be paid off.  [/quote]

You forgot Asian and South Asian. Anyway, of course there are good school districts. You may disagree based on your own internal metrics but it's pointless to claim that most people do not believe and accept the concept of good school districts. After all, it is a major role in real estate buying decisions for many people and those districts are backed up by excellent scores, low behavioral problems, etc. Things that add up to "good school district." Wishing it wasn't so isn't going to make it go away. [/quote]

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