Reply to starting to think downsizing to a townhouse not worth it

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[quote=Anonymous][quote=Anonymous][quote]I am older GenX with a townhouse in a good area and already I hate my stairs. My elderly parents can’t come visit because of the stairs, and even I see myself taking a tumble some day. I want something on one floor, with dedicated indoor parking, and no maintenance. Two bed two bath at a minimum. Walking distance to a grocery store and other amenities. Public transit nice to have. So I will probably go to a full-service condo in the next ten years.[/quote]

Mid-Gen X and I hate our townhouse.  It is a “nicer” townhouse but the stairs are awful and it feels narrow and cramped.  Once my teens are in college, I would love to move into a 2 or 3 bedroom condo in one of the grand old buildings in DC with plaster walls, hardwood floors, and radiator heat, but it doesn’t make sense tax wise.[/quote]

Rent in DC. Why do you need to buy? Not worth it.

Keep the house you own and rent it out. If you hate the condo life, go back to your house.

A paid off house or one with a low interest rate is a very valuable hedge against uncertainty. It gives you flexibility to try new things, all while monetizing the value of the home as a landlord. [/quote]

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