Posted on 10/29/2018 10:57:45 AM PDT by dennisw
I’ve got 1 out of 4 checked, Badger...lol. Just the “fun”! Still have two kids, the dog, and the mortgage...
I’m 75, have lived in the same house for 31 years, paid off the mortagage about 20 years ago, have modified the house so nearly all of the important parts are on the main floor, have great neighbors, and I absolutely loathe moving. And, duh, I should want to move for some reason.
We have been in our home for 41 years. We live in a good home and have excellent neighbors.
I’m approaching my 80th birthday at the sped of light, and my wife is not far behind me.
We have no desire to sell and move into a smaller place in a different neighborhood nor to move into so called senior housing.
So we opted for a reverse mortgage to keep our home in shape. Thank Goodness for prop 13.
A few years ago, we had a ramp put in to enter our home from our carport, put hand rails by the few stairs we have in our split level and converted our main bathroom to a walk in bath. Our friends in the same age group, appreciate what we have done to our home. Many are doing the same thing.
Our adult children and their families live within 35 to 45 minutes from us. Like us, they have a longtime core of good friends and have no desire to move from their homes.
We have a great church, a core of friends in that church, some going back 4+ decades.
Each week, we get several personalized letters from realtors wanting to list our home. They go into the blue recycle container before coming inside.
Same here in the upstate of SC. Our son and his wife were trying to buy a house about six months ago. The one they bought had only been on the market two days. The realtor told them they were lucky since some houses in this area sell the day they go on the market.
Yes, and the US population is aging. Many older folks stay put or downsize, so there is not as much need for big houses. The younger set is marrying later (if at all) and not having many kids. There will be a slow down in the housing market due to these demographic changes.
The Baby-Boomers are retiring at a increasing rate...................
When I finally worked up the nerve to ask her why she didn't, she replied "because owning a home weighs you down and makes you responsible for everything. It is much easier to budget as a renter and if something like a hot water heater goes out, I make one phone call and it costs me nothing out of pocker to get it fixed."
There are a LOT of renters with more income than owners these days. She is just one such example.
Hint: Those stair lifts can be installed for around $2000. Waaaaaaaaay cheaper than moving.
WELL, YEAH, ALL OF US OLDER FOLKS DON’T MOVE AROUND AS OFTEN.............
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I have one house payment left. I will leave this place in a pine box.
Consider a reverse mortgage?..................
The word ‘crisis’ gets overused.
Stuff goes up, stuff goes flat, stuff goes down. It’s a crisis if stuff moves up or down a whole bunch. Otherwise, it is simply doing what it does, moving dynamically.
It’s ridiculous what people are paying for these (inflation) houses.
I can’t image being a dang wage slave to no freakin’ house.
Bought this house almost 30 years ago.
Paid it off in 10 years.
Yeah, we just went (still going, I suppose) a cycle (the 3rd???) where folk bang on your door wanting to buy your house.
Only bad part is I’m unequally yoked to a bunch of egg sucking libs that started moving into the ‘hood ‘bout 15 years ago.
Sigh!
It’s ridiculous what people are paying for these (inflation) houses.
I can’t image being a dang wage slave to no freakin’ house.
Bought this house almost 30 years ago.
Paid it off in 10 years.
Yeah, we just went (still going, I suppose) a cycle (the 3rd???) where folk bang on your door wanting to buy your house.
Only bad part is I’m unequally yoked to a bunch of egg sucking libs that started moving into the ‘hood ‘bout 15 years ago.
Sigh!
Overpriced and, in many places, overtaxed.
“I have one house payment left.”
Good for you! Our house and 48 acres will be paid off October, 2019.
SUCH a great feeling to be in the Home Stretch! :)
That might be in some markets.
Here in southern NH, there are very few single family starter homes. The houses that are sitting on the market are $500K to $1+ million.
I know two people in the market right now. One put their house on the market $230K 2 bedroom 1 1/2 bath 1100 square feet and sold it in 2 days @ $235K . He had multiple offers.
It is a second row lake house.
My neighbor put their 4000 sq foot, 4 bedroom, 8 acre horse farm on the market 4 months ago. $650K. Their barn cost $100K to build 15 years ago. No offers, none. They are taking it off the market until next year.
If you are retired, you can relocate to a property that has acreage, and it requires little upkeep (small yard, lots of woods). With neighbors, but not too close.
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