To be fair, moving is a pain, you'd be giving up an investment you've held for decades, and you may have settled down into an area and not want to move around.

To be fair, moving is a pain, you'd be giving up an investment you've held for decades, and you may have settled down into an area and not want to move around. Plus, maybe there just aren't many other options where you live. I'm not elderly, but that's a few reasons why they wouldn't downsize.