But even then I'd be worried about impending market decline eating into savings

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Apr 14, 2021
12:10:44pm

Gustav All-American

But even then I'd be worried about impending market decline eating into savings

and investments. Maybe I'm just too cautious. Guess it all depends on how much money you have.

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Gustav

Previous username: gustav88
Bio page: Gustav
Joined: Sep 8, 2010
Last login: Jun 20, 2024
Total posts: 50,227 (8,501 FO)

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Messages

Author

Time

Study: More boomers are choosing to upsize home in retirement

Gustav

4/14/21 12:05pm

If you can upsize and pay cash, great. If a new mortgage is required? Forget it

zerigke

4/14/21 12:07pm

But even then I'd be worried about impending market decline eating into savings

Gustav

4/14/21 12:10pm

3% interest is better than giving up what the stock market has increased

Nat Gas Man

4/14/21 12:39pm

We're probably gonna stay, or downsize. But with market inflation, probably stay. Smartest financial decision for us.

4/14/21 12:07pm

how many of these upsizing boomers need space to house move-in adult children?

LeonMarek

4/14/21 12:08pm

That is my guess as well.

HuskerFan2

4/14/21 12:29pm

Me, waiting for those boomers to die off

letthewookieewin

4/14/21 12:09pm

in retirement, my parents moved into a home 2x as big as the home I grew up in

byujag

4/14/21 12:09pm

Even George and Lucille Bluth lived in a small apartment

Pedant

4/14/21 12:10pm

When I retire I want to have a party house. +5 acres, pool, sport court, dirt

Odysseus

4/14/21 12:13pm

I want that now, when I'm young enough to enjoy it.

byujag

4/14/21 12:15pm

Lol, I kind of live in a party house in rural Alabama :). I'm with you though,

4/14/21 2:32pm

Didn't read the article, but I wonder if there's any consideration that a lot of

m0resn0w

4/14/21 12:13pm

oops. I hacked Leon above.

m0resn0w

4/14/21 12:14pm

Vanity is simply sad.

Blue Print

4/14/21 12:15pm

Once I don't need so many bedrooms, my wife and I will be out of here.

Belboz

4/14/21 12:19pm

Gotta have room for those grandkids.

4/14/21 12:20pm

This Is Actually a Root Cause IMHO

4/14/21 1:00pm

I want a smaller house, but then I want a carriage house, so if kids do come back, we can keep semi-private

Clark Addison

4/14/21 12:23pm

I have noticed the same trend. We went the other direction

bluelands

4/14/21 12:24pm

This is the approach my parents took and it works great.

m0resn0w

4/14/21 12:27pm

We have one kid left at home but not about to downsize

run26

4/14/21 12:33pm

In our case we have downsized twice, but are now feeling the pinch when everyone

Nat Gas Man

4/14/21 12:43pm

We designed and built our retirement home

4/14/21 1:25pm

It sounds fantastic

DC12

4/14/21 2:35pm

“I was hoping to go smaller and cheaper....”

pink22

4/14/21 2:38pm

Spent a lot of time on Flathead Lake. Will you adopt me? I'll use a spare room.

m0resn0w

4/14/21 3:26pm

Boomers are the wealthiest generation to ever live on this planet. They’re

hansel

4/14/21 2:42pm

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