in neither case did it end up with them making very much money on the deal.
The point isn’t really to make money (you’re not supporting the current housing crisis with your desire to financially gain from a home are you?? 😉 ), it’s more to move in to something more size and maintenance appropriate.
I guess I was addressing the “living in poverty” part of the parent comment and the suggestion to downsize in your follow-up. I thought you meant to downsize to get some money to pay the bills. But it seems like you’re saying to downsize to get a house which is easier to maintain?
Can’t manage a large property… sell large property, acquire money… purchase suitable sized property and use balance of cash for a motorbike, or a jet ski, or just keeping up with the rising cost of living.
Why go broke (both financially and physically) in a large house as an old person?
The point isn’t really to make money (you’re not supporting the current housing crisis with your desire to financially gain from a home are you?? 😉 ), it’s more to move in to something more size and maintenance appropriate.
I guess I was addressing the “living in poverty” part of the parent comment and the suggestion to downsize in your follow-up. I thought you meant to downsize to get some money to pay the bills. But it seems like you’re saying to downsize to get a house which is easier to maintain?
¿Por qué no los dos?
Can’t manage a large property… sell large property, acquire money… purchase suitable sized property and use balance of cash for a motorbike, or a jet ski, or just keeping up with the rising cost of living.
Why go broke (both financially and physically) in a large house as an old person?