Count us in on that group. Two of us. Three acres. 4,000-sq.-ft. house on the river. No mortgage. We’re goin’ nowhere until/unless absolutely necessary.
More than enough room for a live-in caregiver to have his own personal space in the future if it comes to that.
Are we supposed to feel guilty?
>> Are we supposed to feel guilty?
Yes!
But don’t. :-)
Ditto, two of us. 2800 sq ft house on 12 acres.
House is paid off.
However, we breed dogs. So, as long as the Mrs. want to continue doing that we can not downsize into even a 2 acre property like our previous home.
The other main reason is that the smaller free standing condos in the area are just as expensive as what our current home is worth. Some are even more expensive. Especially, when you add the $600-1100/month condo/maintenance fee.
They are building a new development 1 1/2 miles south of my house. It is going to have 30 duplexes. Two and three bedroom. It is also a 55 and older community. I wonder how much they are going to be asking for those.
All of the reasons discussed on this thread are the reason my friends business is BOOMING. They install and service stair lifts. Older people do not want to move out of their homes. Therefore, they will change their existing home into something they can live in. Even if that means a remodel like adding a bedroom and bath to the first floor.