Timeline for How does owning a home and paying on a mortgage fit into family savings and investment?
Current License: CC BY-SA 3.0
5 events
| when toggle format | what | by | license | comment | |
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| Nov 8, 2018 at 4:34 | comment | added | Adam Luchjenbroers | Also - selling up in the city / suburbs and retiring somewhere cheaper can be an option (after all, it's not like you've got a daily commute to worry about anymore) | |
| Jul 17, 2012 at 2:16 | comment | added | JohnFx♦ | More likely people ladder their way up to bigger and bigger houses. I think people are more likely to downsize the houses not because they don't need the space, but because it is a chore to maintain. | |
| Jul 16, 2012 at 23:53 | comment | added | JTP - Apologise to Monica♦ | @JohnFx - I'm curious if there's data to show house size/value before and after retirement. I don't know either way, but I imagine there's often not that much room to downsize, maybe 25-30%. That might not be the windfall some might be looking for. | |
| Jul 16, 2012 at 23:19 | comment | added | Cory Klein | I think it is very common for people who are retiring to liquidate much of the equity in their home by downsizing. This makes sense, as generally you don't need the same size/location of home when retiring as compared to when you have kids running around. | |
| Jul 16, 2012 at 23:16 | history | answered | JohnFx♦ | CC BY-SA 3.0 |