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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[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]

oh cry me a river. My DH grandma did just this with the her house  in NY and when all was said and done 3M was split tax free just from the sale of said house. Hardly a burden🙄[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics