Downsizing from our home... (Was it a smart choice?)
HTML-код
- Опубликовано: 15 сен 2024
- We made a choice to sell our home and downsize. It was a hard decision in the beginning but we are happy for the change... is it a movement for older peeps doing something different...
I never thought sharing my opinion on us making this decision would have so many of you watching.. I want to say Thank You for all the different opinions and comments. It is has been a good move for us. We are still here and balancing our next vacations for next year. We do see owning a new home possibly in a year. We are considering building our own the way we want it. So time will tell.... thanks again! Check out some of my other videos...
You are absolutely right. Once the children grow the last thing they want is to be home and you end up with this big house with huge bills every single month plus other expenses. Is better just to rent and not worry of all the things cause now someone else is responsible. And is true they sell us a fake dream.
It was the gorgeous pup in the first few seconds...he is so flipping gorgeous! ;)
Todd Konitzer It looks great I live in an apartment community called Foxland Crossing in Tenneessee Luxury living as well with all the ammenities pool, gym ect!! No fixing either! No worries and we enjoy lots of vacations! I agree! 👏🏻👏🏻👏🏻👏🏻😊
Glad to hear you are planning to purchase property again soon. The sooner you get OUT of that dressed up hell hole the better.
@@vikki4now we actually like it... so it has been a great change of pace...
Nope. I am in my 60s. I sold my townhome in Ohio last summer and moved to Texas. I bought a small house (850 sq ft) with a 1/3 acre of land. I love to garden. Your apartment, as nice as it is, has no place to garden. I think it all depends on what you want. I want just enough land to grow my own food, raise some chickens and not having to share a wall with my neighbors.
Is the cost of living less in Texas or more, when compared to Ohio?
In my 60s now, I plan to sell my house and move into an apartment. I don't garden, and I have no intention of spending my 70s shoveling snow all winter, fixing the roof, painting, and on and on. I live in Iowa; there's a lot of work that goes with a house that you don't have to deal with in apartment living. My husband can't deal with the maintenance any more now and time isn't going to make it better.
@@bettysmith7045 Less.
Rose Downing my thoughts exactly, a little land and your own yard. And people not on the other side of the wall and seeing them in the halls every time you take a step out. We tried a TH, we are moving back into a house, a smaller house. Best of both worlds. And No association fee.
@@edennis8578 living in Iowa and getting older isn't easy when it comes to lawn maintenance. For myself I'd prefer a tiny home when I get older but in the south where there is no snow.
Different strokes for different folks. I'm thinking if I moved to this apartment complex they would find me hanging from the rafters. Im in a manufactured home on 3.5 acres with a donkey, horse, 26 chickens, 6 cats and 11 dogs. And even if I got rid of all my animals and was able to move...I would have to deal with people in close proximity. No thanks....I prefer the non-human type of company.
You sound happy... there is nothing wrong with that... I appreciate you jumping into the conversation...
@Tessie I think you'd be a great neighbor!!
My mom bless her soul use to say, she preferred the company of animals than people any day.
And she was right!
Planning to sell my little home to move into an rv and work at animal sanctuaries (farm rescue).
My thoughts exactly. I don't like people that much.
I agree totally there's always something to fix on a house it never ends.
I thank God everyday that I have a paid for townhome ( one story, no stairs). HOA is $300/mo, but they take care of everything outside. I sometimes wonder how I’m doing but I think I’m probably doing great! Divorced after 35 years and had to walk away from a lot, but I found me again.
I did the same. Couldn't take Care of a 130 year old Victorian. Now in an apartment with a cute courtyard and it's such a relief!!
If you're happy , enjoying life and can afford to live where you're at......you are doing great!
I hear ya. $36 dollars is the balance of my mortgage today, my girl ready to go to college and son ready to start high school, facing separation with covid confusing it all. Still looking to find me again, and know that I will be just fine.
This is an awesome story. I too am trying to find myself after many years of abuse but I have grown so much from it so I am better each day. So 🎉 to us.
You are right about it all. My husband and I did the same thing. Downsized and moved. We love it, should have done it several years ago. We will never own again. You look happy and if your wife is happy that is all that matters.
Just Be Careful about where you rent. A real estate investor can easily raise your rent .. over $500. in just one month.
If you don't OWN ... you have NO control.
My friend has had 2 apartments SOLD from under her... in a year and a half. It's been most traumatic.
Oh my, I’m literally living the same lifestyle as you have chosen, and all I can say is yes, it’s a season. Not a day goes by that I don’t miss my house. I’m in my 70s, and the first most precious thing now is grandchildren, and so just as you, I’m now following them, but you know, the second most precious thing is memories, and that house, the special one, where you raised your kids, is priceless, and no place will ever compare in emotional depth. But as you so aptly put it, it’s a different season, and you can decide you don’t want apartment living anymore, and that’s fine too. Just go with the flow, and god bless you and your family.
Why do u think that grandparent have to go see the grandkids? And why dont the kids & grandkids come to see the grandparents? Only reason I can think of bc of their busy lifestyle. But I wanted to get ur opinion. Thanks
@@lynnesmith1959 I think it's their "busy" lifestyle. Things have changed, though...it's like it isn't as important to them as it was us. We use to travel to my parents for Christmas. It's like the whole family dynamics have changed...sadly.
Barbara Albert - Are you seriously in your 70's? You look fantastic ! Share your secret to your youthful look. ❤
You are so smart, I am going to do the same thing, as a single parent I cannot afford the repairs on this house anymore. I need my health back and no more stress.
lrtt , ditto for me. Repairs, tree trimming, land maintenance, I’m done here. I’ve been researching for 3- years every state and country....my health as well. Still procrastinating...down to 7- states that don’t tax your Social Security, dividend yearly under 16k not taxed, lower taxes and several no state tax!
I'm in this exact same boat! Just me & my kid! It's a process... but it's gonna happen sooner or later.
I did the same thing. Been almost 3 years and I don’t regret it one bit. Just as you said, just a season of life. Embrace it.
I just saw this video and it makes total sense to me 🙌🏽
I’m selling my home now and we should be in it before the end of the year but I made a change and told my realtor that I want to downsize to a condo because we don’t need the space anymore. So glad I saw this video very informative and makes so much sense to me. Thank you 🙏🏾
I'm glad you found something that works well for you. I could never do it. Looking at those photos of all those "amenities" made my blood pressure rise, and my stomach turn to knots. I'm a very private person. No way would I ever use those things in such a public setting, whereas I use them often in the privacy of our home. Visiting people who live in apartments I can say that home ownership is one of my greatest blessings. I cannot tolerate the noise from the neighbors, nor would I want to be constantly worrying about the noise I create. I'm a musician which can get very loud at times. We actually upsized in our 60s, and I don't regret it in the least. We now have room for our hobbies (everything from my instruments, sewing/quilting supplies and tools, to my husband's woodworking equipment and our workout equipment), the Bible study group we host at our home (12 people in the group), the animals we own and foster, and so much more. Not everyone in their 60s are in the same "stage". Our lives are all different, and our homes need to meet our individual needs. Again, I'm so happy for you that you have found what works best for your lifestyle just as I'm happy we've found what works for us.
Tina. You'd love living next to me. I play in a cover band on the weekends! Yes ... we practice here. Funny thing is ... our awesome neighbors dig the music. In fact ... on a typical Thursday night--our practice night, one or more neighbors will call and request certain songs! And YES ... on occasion we get a 'mystery caller' who requests 'Free Bird' or 'Stairway'! We love it. We don't plan on downsizing any time soon.
@@stephenlennartz3466 I have a request : either Rainmaker or Low Spark of High Heeled Boys by Traffic . Or how about Your Time is Gonna Come by Led Zeppelin .
I saw Lynyrd Skynyrd do Freebird maybe in 2002 or earlier... not all the original lineup of course... but we still had a magical time .
And how about this very gentle , slow song most people don't remember from the early 70s : Into White by Cat Stevens . I saw him in concert around 1975-76 but I don't recall him doing that one . A few more suggestions , Pink Floyd " Wish You Were Here "... I saw them do that in Philly maybe in 77 .
Another great one I saw live in June of 76 Peter Frampton " Do You Feel Like We Do " . That is such a great song and you never seem to hear of cover bands doing it .
Soundgarden... I saw them in Spring of either 94-95 at the Tower Theater . How about Spoonman or I'm going hungry ? Great songs for you and your band if you haven't done them already . And another excellent one is Outshined... but they wouldn't play it at that show regretfully .
and where does company park...I mean a special occasion could be alot of folks...What does the owners say about that ?
@@gardensofthegods Hello gardenofthegods! Great reply ... thank you! I have a feeling that our record collections are very similar. Love all of the artists and songs that you mentioned. I saw Peter Frampton earlier this year with my son who was maybe a bit more interested in Jason Bonham's Led Zep tribute. Of course he left a fan of Peter Frampton. Time with my son? Priceless! Btw ... we (the band) are taking on some oddities for 2020. Last week at practice we started arranging 'These Boots are Made for Walkin'. To put our own spin on it we play the verses of the song really clean (as in the 60s) ... then for the chorus we go into overdrive mode with slide guitar--picture a cross between Little Feat and the Allman Brothers! The fun continues! Thanks again for your note! ; )
It was so interesting to read the comments. All kinds of situations and preferences out there. I can totally understand your decision, Todd. We sold our home of 30 years and moved into a cute stone cottage by a lake. People thought we were nuts for taking on an historic property at age 60. Hubby is handy so that gave us the courage to do this. We know we can’t stay here forever but we sure have enjoyed the past 5 years. I got to fulfill my dream of living in an old home - built in 1756, before the Revolutionary War! Everyone needs to do what makes them happy.
That is awesome!... It is about living out some Bucket-List goals... we have been able to travel the world and see things we dreamed of... I am sure we will own a house again but it will be on different terms and new found goals. As we age I think we see life a bit differently... happiness can be defined by where we want go and just because we get a little more wisdom change can be a good thing... thank you for watching...
That is what I want to do. Fixing up old houses and garden, doing what I can. Apartment ? No way. Did that in my 20s in colleges and working at NYC.
Good for you, actually a very good friend got sick and tired of her condo living from her age of 61 to 75, and bought a nice little ranch house at age 76, she lived there till 90 years old and unfortunately passed away last year, she said it was the absolute best thing she ever did, to have her own little house, she paid people to take care of the lawn’s and driveway, which was about half of what the homeowners association fee was, and had her own peace of mind she loved it. I always thought she was a wise lady. Always do what your heart tells you to if you think you can pull it off.
We are in our 50’s. Did the same thing but ours is a mansion. My hubby is handy too. We’ve done massive remodeling just the two of us. It’s taking its toll on our time, quality of life and finances though. 😢
👍👍Me too. I’ve been a homeowner since I was 19 years old and had never lived in an apartment. I don’t have kids. I’m not married. I worked crazy long corporate hours. Why did I need 6,000 sq ft??? (It was basically my dog’s house...he spent more time there than I did). So I moved to my 3,000 sq ft house..why did I need 3,000 sq ft??? I basically used my master suite and kitchen sometimes, when I wasn’t traveling. I’m perfectly happy traveling (business & personal), staying at the marina on my boat sometime, staying at the resort sometime and staying at the luxury apartment sometime. No stress. I can always buy another house if I want to. I’m thinking about buying some acreage and putting up a tiny house. I don’t miss the maintenance of having a house or HOA!!! Just trying something different. 🤗💞🤗
You are completely correct. A primary home is a liability not an asset. We are preparing to do the same thing. Thanks for your prospective.
I am glad you mentioned this great point and key words “season of life”. I love advice and wisdom from people who went 1st at it.
Our house is paid off. We want to downsize but I can't go backwards into an apartment. No way. Worse than an HOA. No way.
Tiny house? They look nice. Just a thought.
@Deirdre Morris they can just pay off their new place if they sell their home.
Yeah just downsize just something you know you'll love for a long time
Our house has been paid off for years and we only use the main floor. My husband has too many hobbies to live in an apartment though. Don't know where he'd store all his stuff and he has two shops on the property. Instead of downsizing we rent out the basement in the summer on airbnb. We're close to Yellowstone Park so do well. We don't need the money but who knows, we might some day. You never know, one bout of cancer could wipe out your savings so we just sock it away. Our house makes us $ and my husband stays busy puttering around and making things. I guess we'll just keep doing what we're doing. I couldn't maintain this place by myself though so if he goes first, I'll definitely do something different.
@@grannygoes7882 we've downsized was hard leaving big house on an island.
The grand babies are 6 miles away.
Expenses are next to nothing.
I told every one in my family if I end up with cancer or worse I've had a great life and will not spend what I've worked hard for to prolong my life. I've done what I wanted when I wanted. Don't see a need to fight to stay here longer..
I know where I'm going and I'm fine with it.
Downsizing is fun. Change is exciting. Letting go of things we no longer need frees us to enjoy our grandkids, family and friends and perhaps traveling while still healthy. My goal in my sixties is letting go. I’ve raised my family and worked hard. Now my life leaving behind the upkeep of a 2000 sq ft home is stress free. My health thanks me.
I think it's absolutely amazing. Thanks for sharing ...
Memories are just that, memories. A house is just a thing. You still get to remember all of your times you had and you can watch videos and look at pictures. No need to feel trapped once you get to that point you want to downsize just because of the past.
⭐️⭐️⭐️⭐️⭐️ Great video. I wish my other half would come to realize what you have conveyed in this video. May happiness & prosperity knock at your door forever... Abrazos
I think you’re smart! I had to do it when I needed an organ transplant and couldn’t take care of my home. I like to take care of things I own and do not like to depend on other people. I love my apartment. I can walk out anytime to travel without worrying about a thing! At one point or another we’re all going to have to make a decision based on our health.
A few years ago, my husband and I downsized from our 1600 sq ft townhouse in Illinois, where I had a long commute and a stressful job that I hated, to a small city 3 hours north. We are now in a 1 bedroom apartment building in a unit that overlooks a marina, with an elevator, underground heated parking, and right next to the building's fitness center. I found a fabulous, no-stress PT job just 15 minutes away. We live close to a lake and river, fabulous parks, nice libraries, museums, and other big-city type amenities. The cost of living is very reasonable and our rent plus utilities is less than what we paid at our townhouse. We have very little to clean so our free time is all for our fun and enjoyment. We now have enough money to really enjoy life. We travel more and explore places within a 3 hour drive. I'm in my mid-60s and hubby is retired, in his mid-50s. This was the best move we've ever made!
Now that's the way to do it
Sounds like naperville☀️
@@Theresa-jq3dw Actually we moved to Wisconsin. We pay far less sales tax (no tax on food) and our car insurance is about half of what we paid in Illinois. We live near the river and Lake Wiinebago, Winnebago, by some fabulous parks.
Ugh the terrible taxes here in Illinois😩 if I could load up the whole family it would make it so much easier to move☀️
@@Theresa-jq3dw The ONLY thing good things we miss from Illinois are certain foods..... pizza, Italian beef, hot dogs from Gene and Judes, great delis, oh.... and "some" of our family!! LOL
My husband and I are downsizing, becoming minimalists more and more every day. We still have room for the 4 Grandchildren to come and visit 😊!
Ask the grandkids what they would like from your home before you downsize so they are not left out. Most children say they want nothing as their retirement age parents downsize, but the grandkids are left out. Even young grand children have something that reminds them of their grandparents pre-downsizing home. Don't forget them.
Interesting perspective. My husband and I (early 50’s) are thinking about upsizing. But I’ve noticed that there are a lot of young families opting out of home buying and, instead, living in RV’s, fifth wheels, and travel trailers. It seems like an exciting way of life as they travel around state parks with kids and visiting family and relatives all across the U.S (homeschooling and working online jobs).
We did this. Unfortunately many neighbors smoked and we were bombarded with second hand smoke. Sold at a loss never again. We live in single family home now on 4 acres.
Ditto, I lived in a condo that I owned for 9 years, and hated every minute of it!! Between the noise above me with the young neighbors that would get drunk and party on their balcony at 2 am, when I had to get up early for work the next day, to the second hand smoke, and the pain in the ass HOA, I was so done with that! In a single family home now, and I love it. I bought a small home that is more easily managed had I bought a larger house, and I don't mind the maintenance. It can get expensive, but if you plan ahead and have a emergency fund crisis can be avoided. 50.00 a month for electric (same as condo) and about 90 a month for oil (similar heating cost to condo), but the house is 400 square foot bigger, plus a finished basement.
You lived in the wrong apartment building. And if you don't *buy* an apartment (I would never do that), you have a lot more flexibility. When I bought my house, apartment rents were very high; soon after, builders put up more apartment buildings than they had renters, and rents dropped way down. I wouldn't have bought a house if I had known what was going to happen.
PS An acreage would be a nightmare for us; neither my husband nor I can do that kind of constant maintenance any more. If we had the money to hire it all done and live the life of landed gentry, that would be different.
@@edennis8578 Ok, well you enjoy paying rent for the rest of your lives. If you buy something you would be paying taxes, which in most places would be minimal in a condo, instead of 1500 plus in rent a month. If you have an ENORMOUS retirement that is ok, but what happens when you are in your 80s or even 90s, will you still have money left to pay rent? Taxes you can actually have forgiven depending on your age and income, rent not so much! I also read your are only in your 60s, so if your rent is 1500 and stays that way (which it won't) and you live to be 80 years old you will need 360,000 to pay that rent for 20 years, and that doesn't include increases which are inevitable or utilities! Plus don't forget the increasing cost of living and healthcare costs. I would think long and hard about renting, versus buying a small condo and paying cash with house equity!
@@edennis8578 I totally agree. We sold our house and started renting this past June and love it. We are in a very quiet building, no smoking allowed. We went down to one car and hardly every use it as we can walk everywhere. My husband was tired of snowblowing, yard work and general upkeep. We looked at condos but honestly in the twin cities they are so expensive. Plus the HOA fees are so high. Will we buy a condo at some point, maybe, maybe not. For right now we have options now that we are out from under our house and we are thrilled. We might even move to a smaller apartment at some point as we don't even use all the space we are in.
@@edennis8578 There's no such thing as living in the wrong apartment building. You have NO control of who is going to move in around you. If anything was wrong, it was I had wrong, selfish neighbors. You don't BUY apartments. You BUY condos. Which can be sold. At a profit, thus making it easier for one to move. Which I did. It costs a lot of money to move, if you rent. First and last months rent, security deposit and moving expenses. I sold my condo and laughed all the way to the bank. Their loss. My gain.
Lastly, not all homes have acreage. Some can be as small on 60 X 100 lots. Grass cutting would be as low as $25 to $40 a cut. Every 2 weeks. Ditto for snow removal or whatever.
Mortgages payments are the same for 15 to 30 years (except for taxes) Have you looked at the homeless situation in most areas? Most of them were renters.Landlords can do whatever they want to do, especially when it comes to raising rents.
Lots to think about. Many choices to make. Each of us make the decision on what is best for ourselves. And then fingers crossed we made the right choice.
Peace.
Holy cow! This is exactly what my husband and I would like to do. Once our last child is on his own, we're ditching our money pit. Like you and your wife, we loved our family home, but are looking forward to our next adventures without costly home repairs. Thanks for this informative video. Looking forward to seeing how your new home life evolves.
We also rented an apartment, 18 months ago. We were 67 and 72 when we did. It’s half the size of the house we lived in 24 years at twice the money, but I am happy here. My husband was surprised he also likes it, but he refuses to sell the house. But that’s another story. We are in Los Angeles now, 2 miles from our son and 2 of our 3 grandchildren, 8 and 11. The house is only 62 miles from the apartment, but we spent hours and hours driving back and forth to attend the kids’ sports and school programs, to hang out them. With LA traffic, we were also eating up gas and the car insurance companies charge more for more miles on your vehicle. There are downsides to living here, much more traffic, difficulty meeting people. I could go on and on, but won’t. I wish y’all the best in this season and in whatever y’all decide to do next!
You mentioned some good points about family dynamics changing.
Thank you... I appreciate it... I have now been in our current place for 2 years and actually still enjoy the change...
When we retire it truly is a different season of our lives
We did the same thing sort of.... not for financial reasons. We owned the big beautiful house 4000 sqft. and a small condo in the same hood 1500 sq ft. We renovated the condo completely and now have the simplicity of a lock and leave property. We still have the view, 400 sq ft balcony for smaller-scale gardening, private study, and craft room, garage parking, etc. but not the constant work and maintenance. Our condo costs 1/4 the taxes, insurance, utilities, and affords us the ability to have a separate smaller home in the desert to enjoy our winter months if we want to go there. We spend our time going to see grandchildren, travel, friends, community concerts, extended family activities. I think the message is, we all get 24 hours in a day and need to decide how they are best spent. I love condo life and was very intentional about the HOA we purchased into. I'm a Realtor and will concede that not all HOA's are well run or good investments. Finding the right community is important.
That sounds wonderful! I want a place like that as I have no outdoor space at all and really miss it. I don't feel like I need a yard, a terrace would be perfect. Glad it all worked out for you!
@Catherine Bullock. Very well written!
Interesting comment regarding “now we have to go to the grandkids vs them coming to see us”. That is so true. When my kids were toddlers, we loaded them up in the car and drove 24 hours straight to see the grandparents on holidays. The kids were well behaved and we had a blast at the grandparents home on the lake. The kids still remember those adventurous times and they are 38 & 40 now. It didn’t kill them or us to travel so far. Its just what you did back then. Now some parents with toddlers can’t even go to the grocery store without getting a sitter for their kids as it’s too difficult. OR you wish they didn’t bring their kids to the store as it’s non stop screaming and tantrums. Boy, things sure have changed.
G- Bgcg I totally agree with you!
G- Bgcg especially listening to the kids screaming, crying and yelling. Really?! Parents leave or control your kids. I'm talking about a kid screaming for a toy...
That is so true! What is it with our kids not being able to control their kids. They were controlled at a young age until they learned to control themselves. I often feel that my own kids can't stand their kids and I see why. They are totally out of control. I don't get it....can someone please explain it to me. We were strict parents but our kids don't feel they were abused. I've never heard them say anything that would make me think they felt they were abused but they can't seem to be able to lay a hand on their own kids, or even try to control their bad behavior. When I visited my folks with my 4 kids, they would cry when we left. They were so sad to see us go. Now I cry when they visit lol! Something has changed but I don't know what it is for sure.
I really think it's the lack of parenting these days due to stagnant wage growth. I grew up with mostly a stay at home mom. My mother work part time when all my brothers and sisters were pretty much teenagers and my dad work full time. We essentially have a parent to watch over us most of the time and we all turn out great. Also a lot of kids are spoil these days with cheap entertainment as well which can hinder bonding if not done in moderation. Hell, my little nephew has at least 30 toys and he's not even 2! I maybe had a few toys at best but I had a great imagination.
Wellll, also, today many times both parents are working full time and it’s even harder for everyone to be able to get time off and maybe it’s just easier for grandparents to make the trip.
Great video Todd! Interested to see where you and your wife will live permanently. We lived on base in military housing during the first few years of married life. Then once the kids began arriving we moved into a 4000 sq ft home. Fast forward we have been living in our 2200 sq ft home for the last 20 years and love it. It is our intention and trusting in God’s Will to age in place here. Merry Christmas from our home to yours!
I am in agreement with you and think you made a wise choice. Now if my husband would only get to that place. Our home and land is way too much for us in our mid 60's. We are working at fixing up so we can sell and downsize. But my husband is dragging his feet. I am ready! Congratulations for seeing what a smart move it was.
Pat Blough, It took me two years to convince my husband to sell our house and move into an apartment. He finally agreed and it worked out fine. We no longer had to pay real estate taxes or pay to heat and cool a large space. The snow was shoveled for us. We had good neighbors. The management did not put up with a lot of shenanigans, so that helped keep the area free of riffraff. It was a good move. I never regretted it.
We downsized also this year, moved from Lancaster, CA to Visalia, CA to be nearer to our son and daughter-in-law. We have a home now of just under 1300 sq ft having moved from a house of 1710 sq ft. Lancaster is DESERT, and Visalia is GREEN. It snowed on the Sierras and that is the view we see when we are about town here. Gorgeous.
Less of a house for us to take care of and our payment on this house is less than what we had before. We are both retired. And we just got news, our son and daughter-in-law are expecting TWINS!! That is so nice.
We were able to fit much of our furniture in but not all of it. But we are happy. We love it here. The house is Brand Spanking New. So even though we have done some things like install drapes and we upgraded a few appliances, poured some concrete and put in a shed, we are doing well.
I have had some major injuries and have arthritis in my back, so less vacuuming is a lot better. We have enough land to grow our own vegetables which we both like. We don't miss where we were at.
Like you, we have an open concept living room and kitchen/dining room and it is really nice as I can watch TV and cook and the kitchen is very efficient in its layout.
Glad for your move. Our mortgage is under $900/month. We put about 50% down.
Big houses are good for large families! Downsizing to a urban area condo four years ago was the best idea for me too!
When my husband & I first got married we lived in a place like you. Now we bought a home that’s way to big for us. We never go upstairs. We only use our bedroom master bath & kitchen. Such a waste. But we thought our kids would visit more. Since we live close to the beach. Not the case. They work so much. Whatever happened to those days where you worked a 40hr wk. and that was it? Now we have been talking bout downsizing to a smaller home or back to the apartment complex. You guys are smart. Whatever you have in storage give to your kids and enjoy life. And as far as your daughter moving close by you can always go there to see the kids or spend the night there and let her have the night off. So I applaud you guys for taking such a big leap. Just hope we can. We sure were a lot happier in our little one bedroom apartment with all those amenities. Tyfs
I still think you're just better off downsizing to a smaller House near the beach.... but one with everything new... new roof , new fences , Etc
gardensofthegods our house is brand new on the golf course. Just to big. Strange didn’t seem that big until we realized we never use the upstairs. I never go up there unless it’s to vacuum & dust. Other than that it’s a waste. Thank you for responding. We have workout area here, pool,hot tub, massage room, tennis courts, big gymnasium, plus a restaurant. Love everything here accept the houses are huge. We love this neighborhood. And there’s no lots available to build a ranch style home. What are your thoughts? Cause we are at a crossroad.
@@gottahavefaith2971 Kind of sounds like Florida ... personally I would not want to give up living on a golf course and having those amenities . We were in a similar environment in the Tampa area .
Sometimes those places have townhouses or smaller homes nearby . Hopefully there is something nearby that you have overlooked and is smaller .
It is really a shame that your kids don't visit more often
Well if you painted for a hobby ( oil paintings watercolors ).. that seems to work best when it has its own room.... one bedroom could be a studio... especially if it faces North . A lot of people would kill to have an extra bedroom for their hobbies and interests . If you don't have a sunroom or a porch you could turn one of them sort of into a greenhouse with plants everywhere if it gets a lot of sunlight .
That's if you wanted to do something with the extra rooms . And it sounds crazy to suggest taking in a foster child but there are so many kids nowadays whose parents are not there for them and maybe you could give it a try.... I know it's a huge commitment... it's just something to think about .
@@gottahavefaith2971 also I don't know how old your kids are ...I don't know if they have children yet... isn't it possible that in a couple years all that could change.... and then they would want to be stopping by with the grandchildren ?
If you end up moving to a smaller home in an environment you don't love as much as where you are now it would be strange if later you regret giving up that house and the extra bedrooms if you end up with grandchildren who would sometimes be staying there for the weekend or whatever .
Or I don't know if you mean your kids already have their own children and just can't seem to find the time to come by with them .
Something's telling me to tell you to wait a couple more years before you make a move
gardensofthegods we do have grandchildren. Our kids are 30-35 age range. Thank you. You have really given us a lot to think about. We’ve decided to wait at least another year maybe two just to see if our kids come out more to visit. Time will tell. Once again thank you for your advice and we are going to take it. Hope you & your family have a very blessed & Merry Christmas 🎄🎁
We did that almost 2 years ago...it was great living in our under 800sf condo. Things happened and we needed more space for someone else to move in. Found a happy medium home that works for our changed lifestyle. One day the hubs and l will live tiny again. Cheers!!!
Kristina Clark As an european it always surprises me what americans consider tiny. My apartment is 350 sf!
We are in the midst of doing this ourselves. The home sold, we're trying to find the right rental for us. Thanks for sharing.
I am sitting in my office while a realtor is showing my house. For 1yr I've gone back and forth on selling. It's large, has a full half finished basement I don't even use. Pretty home, on a nice corner lot. I've started hiring a cleaning service, a lawn service, a tree cutting service. Two years ago I wanted to do some updates and got estimates but have had to fight to get someone there. Most are undone. Soon it will be a roof, hvac, and a bathroom or two, so I listed my house and rented an apartment w amenities. As offers come in I'm starting to have sellers remorse. Equity, owning a home, so so many memories. It's just me, a huge home, and I too travel to see my son. I searched RUclips and your title matched my search. My net difference is $400.00 more after calculating the cost difference. You pretty much summed up the rational thought, now the emotional. Great video
I think it’s a great choice ...I could never understand why two folks would stay in a house downsizing is the best way to go
Great info. Really makes you think about the cost of owning a house. One gets tired of taking care of a house. Yep. Still don't want close neighbors, though.
I love the amenities in your new place, but a large apartment complex is not for me. Perhaps, because yours is brand new, it lacks warmth and charm. My home is a refuge with a small garden and above all privacy. I would be interested in knowing if you renewed your lease. If it were me, I would consider buying a small house close to one of your daughters. Whatever, I give you and your wife a lot of credit for trying something new.
We did renew... actually will be here 3 years in june.. crazy how fast time goes... now my other daughter moved back and 6 grandkids... so we are thinking about building a smaller house with a little more space... it's hard because we really enjoy where we are at... so we will see what happens... thanks for watching
@@ToddKonitzer So did your daughter and 6 kids actually move in with you? 😱
@@edennis8578 no.. they are back in the metro.. so we like hanging with the grandkids to let the parents go out... so are smaller place just limits what we can do... I like being a grandpa at 50... so time will tell if we will make another change...
Jazzy6812 it is a rich life living around one of your kids and they best of both worlds.
This is something I’ve been contemplating as well... I’m tired of raking the leaves in fall, the snow shoveling, snakes in yard and critters, crappy neighbor, just the upkeep and daily maintenance is overwhelming when well, I sleep on the couch with my dogs 😂 don’t need this 2500 sq ft 130yr old time and money sucker
Maybe could just consider moving to a smaller house and paying kids to do the shoveling and the yard ?
Oh boy CRAPPY Neighbors... that's a whole other thing . Sorry you have rotten Neighbors... I know what that was like for me when I went through it and how it can really make your life miserable . Sorry you are dealing with that . My dad used to always say pray for people that make you miserable.... try they hit the lottery and move away .
I had a 130 year old home that needed more than I could give it. Downsized to an apartment with a cute courtyard and a beautiful park across the street. I love it! I don't have to work or worry as much anymore!
Julie DonCarlos I did it! Are we in the same building lol? I’m in the courtyard with a park across the street too!! Life is sooooomuch easier !!
My comment is completely superficial, it’s the shirt your wearing. Brilliant, a perfect green that draws the frame to you. A handsome, minimalist contrast to the neutrals of your space. I say this with the highest compliments.
Best comment award!
Hubby and I are pondering something similar. Our home is paid for, but it’s only 5 years old, we built it and it’s 3000 square feet. No kids living at home. We were thinking of building a new house about half as big; but your video made me realize, we would still have upkeep sooner or later. Although, we would make a profit from the sale of the house we’re in now. You are right, it’s a hard decision. I love having a house, but why we built this bigger one, I don’t know. I think we need more time to ponder.
You forgot a couple of calculations....like the fact that rents go in one direction only....UP, while mortgages eventually go to ZERO.
I agree... but there are seasons of life to adjust... even we are now thinking about building a house... so we have options... we don't regret our decision at all...it has been 3 years
@@ToddKonitzer wow, I think there is value in owning a home, even if you are paying the bank. It's yours, you can paint the walls, take down a wall, plant flowers, and have actual privacy. You can't have that living in an apartment!
Common Sense
But, home maintenance never ends.
@@sct4040 neither will your rental payment!!
And the taxes go up and up and up.
I've considered this, but apartment living is only as good as the neighbors you have, which you have no control over. As Morrison sang, "people are strange." I'd rather live in a mobile home with no one on the other side of the wall.
I agree a tiny home or a mobile home instead of an apt.
My husband lived in a new mobile home, on a few acres that didn't belong to him, for 10 years with his ex wife and said to me "never again" about that experience. He would rather live in an apartment or house in an undesirable neighborhood then in a mobile home that offers little insulation, little protection from storms, and in continuous need of repairs since the construction of those things was so horrible(his words not mine) that they don't last. Between those expenses and a materialistic ex wife, he was broke and in debt.
Fortunately for him, he now has a wife that is loyal, great with finances and frugal with zero debt. After I helped him get out of debt, I helped him buy his first house by the age of 40 (since I had already owned 5 I taught him how to properly buy without getting scre.w&d by realtors and lenders) even taught him how to invest in the markets. A few years after we got married we decided to sell the house and rent, by choice, and now we are ready to buy again.
But as far as mobile homes, he had nothing but negative experiences in them.
No idea why anybody would want to rent in Texas ...even those Luxury Apartments . It's a pain in the ass alone just with the inspections they do several times a year . Some of those management companies can be real creeps... you just never know . And the way most of the apartments are now a days you can only get the security system company that they tell you to get... plus you have to give the management company your passcode . Almost every apartment in Texas falls under the jurisdiction of the TAA a powerful organization .
Downsizing to a modest nice house with your own garden sounds really more logical any day then an apartment even if it's in a luxury building .
Actually the apartment I have now is wonderful. There is on-site management and zero tolerance for loud music and noise. Apartment is well built and I very seldom hear any of my neighbors. Only negative I had was a few dog owners not picking up after their pet. Told management and it was addressed promptly. Maintenance keeps everything repaired and the grounds are kept clean. I have to garden in pots but it's ok.
@@barbaramayberry8147 I'm glad for you and that you really are happy with where you are at.... not everybody can deal with apartment living
Well said. You've just said what I find myself explaining to everyone. I even started having second thoughts. This solidified my decision to downsize back into an apartment. Thank you so much...
Here in Europe most people live in flats or apartments. Some rent, some buy but that’s the norm. People raise children in flats and they grow up happily. I grew up in a 860sf flat. It was perfectly fine. Now I bought a tiny 350 sf apartment with my husband (no kids) and paid it in cash... couldn’t be happier. Make your home look homey and cozy, and the square feet won’t matter any longer
I'm sure the decision was tough, but if it was the right one, you will be content and happy.
We will downsize but never to an apartment lol. Never.
Right!
We said the same thing that you said... but here we are for a couple of years so we can be near the colleges our kids are in and enjoying it immensely. We always owned...no mortgage on the last house either...so it is 100% choice and we LOVE it. We may buy something small again once the kids are done or maybe not. I have learned to never say NEVER in life. One never knows what the future holds :)
@@LivingFree207 Nope. We are country folks and rescue beagles. We absolutely detest apartments and I wouldn't think our 7 beagles would be welcomed. To each is own
I agree, never say never, you never know what the future holds.
@@stonecrestquilt omg beagles are loud, too.
This is pretty much exactly our story. Seriously so many things you said is our story. We actually did the $22,000 Basement repair🤷🏻♀️. Lots of discussion and prayers went on for a few years. We thought about possibly a small house, apartments but condo made sense.
Why live in a house we don’t go upstairs or basement much. So we moved to a villa/ ranch condo. Lots of memories we left behind after 20 yrs in our last house. I have not regretted it at all. But we love not having to do yard work or snow etc! We have been working on our condo to make it the way we like. No looking back . Love it. We are saving about $400, over the house costs. You sound like my husband going over costs🙀🤦🏻♀️. We are enjoying it, our community activity, pool.. trails love it ! Smart move for you guys and for us.
I really enjoyed this video. I totally hear what you are saying. I'm in the position you were in before you sold your home. I am trying to get my 3,000 sq ft house on just over an acre ready for sale. The home has been in a constant state of renovations for the past 13 years, yikes! Once our kids are grown many of us will make similar changes to downsize in one way or another. You are living in a beautiful place, looks like you have everything you could need or want right out your font door. Now you both are having fun with more free time available to you, all the best to both of you in your new lifestyle!
No way I'm living in an apartment. I was on a house search 2 years ago. Ended up buying a 3 bedroom 2 bath, living, dining, kitchen, family room .75 acre. I don't use most of the house, there's only 2 of us.
I have 4 pets, I repair cars in my driveway sometimes, I vaccum at night.
I paid cash for this house. It will probably appreciate. I'm good.
@John doe. Hey, if there are 2 of you, why are you saying I, I, I....????
@@kathleensaenz4717 mainly because I, I, I'm the one that wrote the post. I, I, I also usually make most financial decisions. I, I, I also do most of the major remodeling so I know what can be done to a house for improvements.
@@johndoe-wv3nu those luxury apartments in Texas I don't think they're worth it... not long term . Most apartments in Texas go up by 10% each year in the rent ,
$ 2 ,100 sounds pretty cheap for the apartment they're at , considering but next year $ 2,310 , then
$ 2,520 , still not too bad , but watch.. $ 2,772 ,
$ 3, 052 , $ 3,357 , $3,693 , $ 4, 063 ,
$ 4,469 , $ 4,916
$5, 407 in 10 years .... I don't know if I was given accurate info about the 10% each year rent increase but you can see how unfair it is if its true . After 10 years it's like going around the malthusian J curve . It's crazy .
First thing that came to mind was the PEOPLE. A living situation like that really does offer more social opportunities. You can stay inside if you want, or you can easily make friends at the pool, lounge, or gym. Surprised there isnt a church in there lol
Smart Billionaires and multi-millionaires totally agree with you on owning a home they are money hogs and that's it. You rarely get what you put into one, they truly are not good assets, but if you build your own home I think you come out far ahead and you would have good equity. My rule of thumb is to have good insurance and at least 15,000 to start out put back for repairs, health issues, job loss, etc. Now if you have health issues, loose a mate, not having all of the repairs and yard work etc is essential to a peaceful life especially if you travel often. I say do what is best for you not everyone can live in an apartment or own a house for that matter so I'd say do what makes you guys happy whenever you can. Down sizing can be a great thing.
The best neighbors are no neighbors.
💯👌🏾
I guess it also boils down to how do we know the rent prices will still be affordable when I am too old to move? We don't want to get priced out in our golden years. Where you are looks fun, but I don't trust the rent prices to not change a few years down the road.
This kind of resort living is really common in Minnesota! Who wants to shovel/plow snow if your not going to Tx, Fl or Az? I know of 4 of my friends who downsized. And you can drop the seperate gym membership too! Congrats to you both. less stress, less wasted brain drain and pressure. The thing to remember is that MEMORIES are built on shared experiences, not shared stuff. Create new traditions, repeat, recount and remind your grands about those special times that you want to be a part of their life forever. THAT is what really counts. Congratz and God bless your new season.
We did the same thing. We’re in our 60’s downsized about six yrs ago to a luxury apartment and love it! Now we’re looking to move to a townhouse because we miss having our yard for gardening and grilling in private and my lil ones running around without bothering neighbors but at the same time we don’t want the headaches of up keep and snow shoveling etc. So I guess it depends on what we what, need, and can afford. Your place is lovely enjoy your life as we are. Tfs. Diana Romero
In the USA 🇺🇸 you have 2 year’s to buy another house or you will have to pay Capital gains. What will you do about this? The Royal 👑 is stunning. You made a great choice 🥂🍾 Amenities are amazing💖It’s time to spend more time outside doing what you want and you have your health ✅ The American dream of owning a house ends up being the American Nightmare 💯💯💯
I believe if you are 65 and up this doesn’t apply anymore. Also, he said you could buy a beach house and rent it out.
I think so many of us baby boomers are trying to figure out what to do with ourselves. We lived in a lovely home on 5 acres in the country but 1 1/2 hours from our daughters. We decided to move much closer when the grandkids arrived. We enjoy them immensely. We sold our spacious home on 5 acres in the woods and bought a townhome in a 55+ community. I NEVER imagined living in a place like this but we love it. Great country club-type amenities, over 100 clubs and interest groups and convenient to everything. The social aspect is really important as we age; isolation is deadly. We own our townhouse (3600 sq. ft. on two floors, the lower level is for company and hobbies). I am an avid gardener and have just enough property to enjoy without being overwhelmed. Yes, there is an HOA and I don’t love every rule but it sure beats having neighbors who let their homes become eyesores. Downsizing was a great gift we gave to ourselves and our family.
Often people seem to be unwilling to think much about aging. We need to be thinking about whether a place has access, storage & charging for a mobility scooter. We need to consider care. For example could we buy a place that will have a flat to accommodate a carer? Would there be other older people around so that we could combine & buy in care together?
When buying in care it is best to do so with a group of others living closeby. One carer can be shopping for several people or preparing a meal for several people or taking several people for a drive. This way it is more economical. The buying in group can also function as a social group to prevent isolation.
If a group of people needing help buy in care together it works better than buying in care individually. One carer can be getting several peoples shopping or be preparing a meal for several people. The buying in group can also act as a social group.
To each his own. The 3500 square-foot house has never made sense. My family with eight people grew up in 950 ft.² with no problems then moved to 2200 ft.² which is a ton of space. We are in our early 60s. We have tried a few different things in our 50s and found that renting is miserable and expensive. Considered RV life and tried it for a bit. It’s expensive unless you want to live on BM land and move constantly. Which nobody does. RVing is best for vacationing, but more and more RV parks are crowded with those who live there year around. This really brings down the quality of the experience. Don’t buy any property with an HOA. It’s as bad as living in an apartment and the HOA fees constantly get abused and increased. Having options is the key and so it’s important to make the most of your money. We bought a 1350 square-foot retirement home with a lovely small to medium sized yard with a small swimming pool. It has three bedrooms and two bathrooms. It is heavenly and in an area with low property taxes. It is not remote so we have amenities and hospitals nearby. We will not have to move again for the rest of our lives. A small house is a lot cheaper to repair and remodel. Cheaper garage door, cheaper carpet, cheaper roof etc. We know we can afford these items in retirement because they are reasonable considering what our income will be once we retire. What we value most is our privacy and living in a lovely home in a quiet neighborhood. I’m hoping our experience will help others to make better choices.
Wow, Todd, what a help this was! I was thinking of leaving my apartment and buying another house. I think you cured me! Thank you for sharing your thoughts!
Todd, I just have to say, I enjoyed your video! My husband and I are in the same boat, except we will have our house paid off next month. Our house is almost 13 years old, but it was thrown together with duck tape and good wishes! LOL We have had to replace so many items, one being the air conditioning. The furnace will be next, as in any day now. The kitchen roof had to be repaired. And much, much more. I am giving myself anxiety thinking about it. Our daughters are 24 and 21. Our eldest, Amanda has left home and moved away. She is married to a wonderful guy! He is the best! And Kristin left for 10 months to find herself. She found that she needs her parents, food costs money. She is going to college. We don't know if we should sell our house and buy the ranch style with a nice finished basement, to turn into a cool media room, or just stay put. Thomas retired from the Airforce 3 years ago and has a nice IT job on base. Do we leave this home, a home we know full well all of it's issues? We saw it in the construction stage until move in time. We want to down size as well. Your set up looks amazing!!! I am so happy for you and your wife!!! I pray it all goes well for the two of you! Thank you for posting you lovely video! It is inspiring! Grace
Currently downsizing from a 4br home to a 2 br apartment so i understand the rationale, it depends on the situation but I think it's the right choice for me.
We are upsizing shortly. Hoping to benefit by someone downsizing. Never will I live in an HOA or POA. I worked in a POA as Office Manager. Nope, never, ever. Our house is paid for and the house we will buy will be paid in cash. Larger home, no grandkids, crafter and HAM radio guy and we need a huge house. I can’t handle tiny spaces. Nor close neighbors and no privacy. Glad you can handle all of that. Thank goodness we are all different right?
Love this because you have passions and the tenacity to pay your home off... great stuff...
Big difference between need and want. You don't NEED a big house, you want a big house, and you may regret that once you realize how much more expensive a large house is to maintain, and the cleaning will be more work!
BIG problem is your rent will likely go up every year. Your future costs are indeterminable and potentially catastrophic to a retirement budget. Very risky. Owning a home is a hedge against inflation. Yes, your home taxes and maintenance costs will go up but not nearly as much as your rent costs will increase. Better to sell the big home and get a newer smaller one with the equity.
We're downsizing from a 5500 sq ft house to a rental house. I agree that home ownership is not always the right answer depending on your circumstances.
We will be selling our 2300 sq foot home with a big backyard I’d say 3/4 acres.... been here for 13 years and our grandkids are scattered.. here and down south .... Not sure we will go someplace warmer but it’s going to be bittersweet I’m sure
Your home is an asset If it appreciates which it usually does over time, also If you rent it out and have positive cash flow
My husband and I have this conversation a lot. Owning our own home on about an acre, he has zero intention to ever sell, I constantly talk of downsizing. The house is too big now that the kids are grown. We recently watched a video on the homeless elderly population, husband doubled down on never selling his home that we own outright. I get that. He also wants to make sure that our house is big enough for other family members who might need a place to stay at some point. The conversation always lands on staying a home owners.
It's beautiful! So much to consider. But, I'm a country girl in little old farmhouse with a pond and big porch. My husband grew up here. Sold the land left with 5 acres where big toys and essentials machines are kept. I'll probably die here, hopefully on the porch or in a garden! It's is a luxury as well living in the country. It is work you better love. I laugh when my husband says he doesn't understand why people would want to live together (apartments, condos). 😜
Honestly this place is way better than a big house. That pool!
I agree with you 100%! If my grown kids and grandkids would stop moving in and out I’d be in an apartment like yours yesterday.
If you downsize today, I guarantee you they will learn to stand on their own feet real soon.
I live in NJ and even if I paid off my mortgage tomorrow my monthly tax and insurance bill would be $1,600 a month. It’s insane I know!! My gas/electric bill is between $400-450 a month. Lawn service $250 a month. Pool opening and closing $800 a year not to mention the chemicals. I love my house and property. I have been here for 27 years. A lot of memories but we are empty nesters and no one comes here to visit anymore. I can’t enjoy my house because as I look around, all I see is all the things that constantly need to be done. It doesn’t make sense financially to keep this house anymore. I know that I will cry like a baby when it’s time to sell and move but it’s time to start the next chapter of my life. Change is scary but it is also good. It’s time to make new memories.
I absolutely love where you live I am about to sell my house and go back to apartment living and this video has encourage me the more to do so. I pray I can find something ass nice ass yours. Any advice you can share with me will surely be welcome. Thanks for sharing.
This idea is great for people with city hearts -that’s not us.
We own a city home which we love, but plan on building a home on a forested plot we bought. We like peace and lots of natural space. I feel trapped on a cruise ship and apartments -I would be unhappy and stressed in your home with tiny deck, manicured lawns and all those amenities. Isn’t it funny. My husband might go for it as long as we still had our forested land for r&r. 🙂
This video made me feel better. Wife and I just downsized to an apartment, for all the same reasons
Same!
I'm doing it now so these comments help ease the apprehension
Sounds wonderful just wonderful as a homeowner all I ever get done is taking care of it taking care of the house taking care of the yard I so wish I would have done what you guys did a good while back free up time to do things you really want to do. 👍
We made the same decision 2 years ago. Sold our older, too big house and moved into a brand new, much smaller home. Easy to take care of and much cheaper to live.
That's the ticket Lassie. ; )
Great video I came across! Have truly been thinking of the downsize....now to convince the hubby!
I don’t know if some people realize that repairs and upkeep are a never ending increasing cost. When you’re retired and on a fixed income or close to a fixed income these cost are very important. I am where a four bedroom house with just me and an older child that is ready to go just doesn’t make sense for me to stay in the house. Even if you rent the house out, you still have to upkeep the house. You made the right choice.
Yes!... there comes a time a different decision seems logical..
I agree with downsizing when a person is ready to not take care of a house and yard anymore, but I disagree with renting! You might as well throw your home equity money in a garbage can. Pay cash for a condo or townhome, then retire comfortably when you are ready. There is still maintenance in a condo, but far less.
.Betty Angry
It takes courage and wisdom to do this. It can be very scary to go through with such a move. Our family did this recently. It was terrifying to make the change but ultimately we chose luxury living in a townhouse instead of a 3500 sq ft detached house and we now save over $1000 /month. This financial freedom is priceless and allows you more peace of mind knowing you can plan for the future. When you think how larger families in the 60s lived in 850 sq ft homes and nowadays that has swelled to 2000 sq ft + just to keep up with the Joneses, it puts things into perspective. This constant quest for bigger and better makes most people miserable. We need to find contentment, whichever that type of house may be and rest better at night knowing you have more control over your life. :)
Thanks for helping me make a decision. These empty houses for we empty nesters have become such a waste.
Lovely amenities , but I notice they aren't being used.
Because they all have to work 100 hours a week to afford that rent!
Yes,,I noticed the same thing....I do believe a lot of that glitz and glamor wears off with many who live there..I would just HATE CARRYING MY GROCERIES up to my apartment each week..I’m 75 and have lived here in my home for 32 years and thinking of selling because of the outside work and upkeep,,,but really not sure what would be my best decision...so here I sit,,afraid to put the sign out..🌷🌷
@@sharonsue441 Well you could get an apartment with an elevator or move near a store that does deliveries.
It looks like a crappy day! Not an outdoor day.
wow, it's like living in a hotel full time.
Gunilla Norström there will be maintenance costs, fine If you use the facilities but not If you hardly do
I enjoyed watching this video. I myself sold my house a few years ago and have never looked back. I love living in an apartment. I live in a downtown area now so there are always things to do especially when I have company. I too like not having to repair anything. Just the other day I had a lightbulb go out and all I had to do was ask to have it replaced. It works for me.
We downsized from 40 acres and 4000 square feet house. So much maintenance and bathrooms to clean. It was in a private subdivision so we had to have heavy equipment to keep our road open. So expensive. We bought a townhouse and so far living it. Our hoa is 80$’s and that takes care of lawn care and snow removal as well as lawn watering. Best 80$’s I’ve ever spent. Not to mention how much less money we spend on expenses. Congratulations
We did the very same thing just for a few different reasons. I now miss my old house and want to kick my husband in the ass for making this dumb decision.
MsJgreen77 you could move again when your equity picks up.
MsJgreen77 😂 Now that’s funny!
You were not a partner in this decision? Just your husband decided?
@@harley8680 yep, pretty much. I've grown a pair sense then! Lol!
I dreamn,t I moved out of my home of 18 yrs. and cried my eyes out . I took it as a sign LOL hug connie
"OVER 70 STILL GLAMOROUS " :)
Good choice, Todd. Makes a lot of sense and you seem very happy! Life is good!
Very good food for thought. It's important to remember that any living situation doesn't have to be FOREVER. You can change it up and try something new. For myself, I hope to live abroad for a time. At least a few years, but I'll most certainly be renting for that time. Gotta stay flexible!
Thats what you love then its good. We have 10 acres on a 2400 ft house, All kids are grown, last one moved out 3 months ago. I have the whole upstairs for my sewing and quilting rooms. My husband has a big garage for his shelby cobras and race cars. We are so content. If anything we will downsize in land later in our years. we are in our low 60's. Oh and we need a new roof 10K to shell out. LOL
This is exactly what My husband and I want to do. I really appreciate you making this video. Its inspiration! I loved everything about having land, gardening and large square footage, when the kids were young but now I am so looking forward to my next season 🤗 of life. You guys rock just for doing something New and Exciting 🤩
I am 50 and a empty nester now and live in apartment and love it!
Your rationale is spot on, your analysis is perfect. So many people don’t weigh the cost of houses, and whether they really need to be in a house or not. My brother did the same thing, sold his house, and they rent a lovely apartment in a new development in downtown Detroit for 2200. a month near restaurants, theater, pro sports, and a lovely new riverfront, as well as a great medical center, which they walk to everything, which is great exercise for them at the same time. They absolutely love it, wish they did it years ago. It all depends on where you are at life, what you want to do with it, and what you like to do.
Good for you! Wish you both the best keep living.🙏🏼❤️❤️❤️❤️❤️❤️❤️❤️ love your dog 🐾❤️🐾
Reason #1, a lot less to clean !!!!! 2 people don't need a huge house.
You are absolutely right, a house is NOT an asset until it's all paid for and you are selling it.
We are currently living in a "tiny house", it's a 1-bedroom CO-OP apartment that's all paid for. Monthly fees and utilities are about $1,300 per month. We have a Super to fix things, what a relief.
Houses depreciate and appreciate, but overall appreciate. Rent doesn’t ever depreciate, ever. It is true an old house continues to be a money pit but it’s not either or. So not a good analogy. Newer, smaller houses don’t have all the repairs you mentioned. That’s the other option.
So true rent NEVER depreciates.
@@FaithandNova But rent usually always go up every year or every other year. A mortgage stays the same.
He said he lives in Texas... I heard that in those big complexes and high rise apartments the rent goes up 10% each year .. I don't know if that's true but if it is that means in the beginning of their 10th year the rent will be over 5,400 a month . And after that in the 11th year will already be almost $6,000 . So he has a good for now they're really getting a lot of bang for their buck for like the next three years ... but after 10 years it's like going around the malthusian J curve and the point of no return unless they really have a lot of money to throw around .
I think he would have been better off at least in the next few years finding a nice modest smaller home that already has a new roof new fences etc .