I’m an elderly woman.
I sold my large home and bought a delightful apartment/condo.
A common solution among my group of friends..
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I'm glad it worked out great for you! The things I said are all true, about getting older and the possibility of needing assisted care. When my mom was thinking about downsizing and getting an apartment, I talked her into getting another home with my sister and her family. Worked out good for both of them. Especially later when my mom got dementia and needed help. Then later we placed her in assisted living and I footed the costs until she had a stroke and passed away.
My wife's mom started to get dementia a few years back, so we took her in to help care for her. Meanwhile we began renovating her house as it was in disrepair. Unfortunately, my wife has cancer and treatments weakened her, so we placed her mom in assisted living for dementia. It's getting progressively worse for her mom, and costs are going up. We know of several friends in similar situations with their elderly parents (and of some friends our age mid-sixties) having problems.
I hope I can keep my health into my later years and live carefree in my home or an apartment, but I'm realistic to know that isn't the case for many people. I hope I don't go down the path of my mom as her mind wasted away. The good thing is that I have family and funds available.