tag:blogger.com,1999:blog-2216751897705338056.post6323525727470163665..comments2023-10-17T03:41:01.759-04:00Comments on reflexiones finales: The downsizing crunchrussell1200http://www.blogger.com/profile/16258915475311426433noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2216751897705338056.post-23086920410573251502012-12-17T04:14:08.667-05:002012-12-17T04:14:08.667-05:00John: Another factor is how high the property taxe...John: Another factor is how high the property taxes are. All states gather up monies in some fashion, but a lot of the high home price states are also weighted to relatively high property taxes.<br /><br />The assisted living apartments, which are very nice in some ways, are an extreme form of reducing down you personal space, sharing overhead expenses. Of course you have a rather extreme "corporate" risk that the business model will work for the decades that you are going to stay in one.russell1200https://www.blogger.com/profile/16258915475311426433noreply@blogger.comtag:blogger.com,1999:blog-2216751897705338056.post-82955937872586787152012-12-16T06:03:27.964-05:002012-12-16T06:03:27.964-05:00You know you're pretty much in trouble when yo...You know you're pretty much in trouble when you start with "Everyone says...." This goes back to supply and demand. If an unusually large number of baby boomers are retiring and looking to downsize, that is going to drive up the price of smaller homes.<br /><br />That said, there are plenty of other reasons to downsize, especially when retiring. Less house means less upkeep. Going to a ranch style means fewer stairs to walk up and down. If you had a large family, having a lot of empty rooms might feel lonely. And if you no longer need to live close to work and want to be closer to kids and grandkids, then the costs of moving are pretty equal, so downsizing might make more sense.<br /><br />This is definitely a case where you need reputable person who knows your neighborhood to help you figure out whether it makes economic sense.John D. Wheelerhttps://www.blogger.com/profile/16203607452410210779noreply@blogger.com