Boomers won't let go of their homes

I fit this category.

 

can’t afford to “let my paid off home”go.

 

TS

Get off my damn lawn

btw I live in a 55 and over community and love not having to listen to whining, snot nose kids. Love, love, love my neighborhood.

Best move I’ve made in a long time.

 

Same here.

Most of my career I was convinced once I retired I was selling out and moving back to FL.

But now that the time has come, I've come to realize I really like the area we are in (suburb outside of Raleigh) and see no reason to leave.

 

Moved from G’ville 5 years ago and a Millennial bought it. I did my part. Bought a bigger house, paid it off and not moving. Both my millennial offspring own a home and didn’t have to look too hard.

 

Same except I haven’t figured out what to do in retirement so just keep working

 

Not ready to downsize again. We did that back in 2000 when we left Atlanta, moving from a 4500 sq ft 5 bedroom into a 2900 sq ft 4/3 ranch on a fairway of the Gainesville Country Club's golf course. We got out of there in the nick of time as the club is now in bankruptcy and housing values in the community have plummeted. But we were content there until we weren't ...

For the last 5 years we've called another 4/3 slightly smaller 2800 sq ft southwestern style ranch 'home.' It has a dream kitchen large enough for 2 cooks working simultaneously, an extra bed room for guests, another serves as a craft room for me, and the 4th is a combo office/ pull out sofa extra BR/ mess that currently has 3 rock tumblers running 24/7. They run quiet with tumbling rocks contained in thick rubber barrels. The room gets cleaned up when we need it to sleep grand kids.

We are happy here, content, settled in with no plans or need to leave our comfortable home for the stifling restrictions of an assisted living facility. If and when the need for that comes we will face up to it, but until then we will enjoy the privacy of our patio where we can sit and share the contents of a glass pipe, our yard where I will continue to enjoy planting succulents and cactus in my expanding rock garden and Trucker will continue to destroy his hearing inside a relatively sound proof house, contentedly listening to his favorite music on a sound system that surpasses 11. And the company of fine neighbors ranging in age from 14 months to those in their 80's living far enough away the loud music does not disturb them or cause complaint.

 

how long ago did they buy? how did they put a down payment together? or did they?

 

Read this earlier... So it will be my parents fault if my kids cant buy a house?

Works for me

 

fishing, travel, side job (professional witness) ..... won't be hard, wish I could afford it. house is finally paid off with no desire to move.

people with 3% loans are in no hurry to get 7% loans, regardless of their age

 

guilty as charged. My current home has nearly doubled in value since I bought it. Will I live in it until I die? I doubt it. At some point I'll cash it out to support my fossil stage.

 

Worst generation in American history.

 

Never realized there were so many boomers on the board

 

Likely so

 

We sold our family home 5+ years ago and bought a home half the size. We spend winters in it here in Florida and summers in a home we purchased 10+ years ago in Asheville, North Carolina.

 

Yeah I imagine this is a big part of it.

 

We still own ours. My wife and I each have a home office for each of our businesses. She has an art studio for her to paint and a spare bedroom that we’ve converted to a fitness room. No mortgage and we don’t need to rent office space for either of us, an art studio for her or join a gym. And we still have an extra bedroom for when my daughter comes home and a yard for the 3 dogs.

Why would we ever sell when we we can live here for free? Some day we’ll cash out but not anytime soon.

And if somehow that makes us bad people (as part of the worst generation) then so be it. It’s certainly best for us at every level.