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

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Apr 14, 2021
12:07:17pm

Turnpike Lane Monday Morning Quarterback

Why downsize to a home that'll cost close to what you are leaving? Markets are too messed up right now.

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Turnpike Lane

Previous username: lawboy
Bio page: Turnpike Lane
Joined: Dec 14, 2004
Last login: Oct 15, 2023
Total posts: 124,282 (29,256 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.

Turnpike Lane

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,

dYrtbYkerYder

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.

Sooner Cougar

4/14/21 12:20pm

This Is Actually a Root Cause IMHO

Chicago Cougar

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

Chicago Cougar

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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