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Even if you buy a house with an entertaining space, you can use it for something that you do more often. For instance, my house had a 'dining room' but I use it

• cableshaft 3y ago
  Ours is being used as an office right now, and has been like that since 2020. Still has a dining table, but it's pushed up against a window and home to indoor plants right now, and we've gotten rid of the chairs since then (they were old and beaten up anyway). Also I don't think it always makes sense to get a smaller house. We got a smaller house and I kind of regret it now, since housing prices and mortgage rates have shot up so much it's now so much harder to upgrade (and the house we got was intended to be a starter home), and also we'd get so much more if we sold a larger house today than our house now. For example, let's assume prices went up about 50% on average in the past five years for the sake of easy math (not too far from how much my home actually did go up after a reappraisal last year). Buy a house at $300k and it goes up 50% means you can sell it for $450k and make $150k out of it. But buy a $500k home and it goes up 50%, means you can sell it at $750k and made $250k out of it. Granted you're making higher payments that whole time as well but not as much as it went up. That math doesn't make as much sense now, with prices starting to dip a bit and high mortgage rates muting demand somewhat, however.