3 ms·

Yeah, but think about how much money you'll have when you finally sell your house and live as a woods hermit.

by isk517 2y ago

chasd00 2y ago
I think the standard approach is you sell your house after raising a family and retiring because you don't need the additional space but a young couple starting a family does. Then you and you partner buy/rent a small condo on the beach and enjoy retirement.
- mtalantikite 2y ago
  All the older people I know still have the same homes they had when their kids left home 20 years ago. Some of them have the retirement home near a beach, but it's in addition to the one they raised their kids in.
  - sanderjd 2y ago
    Yep, this is what you might call, the problem.
  - xnx 2y ago
    "Aging in place" is a big part of the current housing situation. Older people are occupying a lot more house than they used to. The market may solve this by having multi-generational households again.
    - mindslight 2y ago
      The problem is that most US houses are quite poor for multi-generational living, as they generally revolve around a single common area with an open design. The traditional multi-family house has been gobbled up by the rental market, and now even the in-law apartment has been gobbled up by short term rentals. It's possible to build new in-law apartments with conditional approval from the city that it will only be used by related family, but that just dovetails into the problem of needing to build. There's also the general problem that the costs of system-legible senior care have shot up to ridiculous levels. I'm currently casually caring for my aunt, who lives by herself in a bona-fide two family. She keeps ideating about "assisted living" but from what I've gathered it would be essentially selling her house to buy in with a large lump payment, and then still paying stiff monthly fees larger than her current expenses (which includes part-time in home help). Essentially the assisted livings have come under control of the same type of economic vampires that have set up shop everywhere else, making it prohibitive for her to move on and consume less housing.
- ok_dad 2y ago
  I just bought a house at 40, so I guess I’m allowed to retire at 70? I’ll be dead before then at this rate.

Yeah, but think about how much money you'll have when you finally sell your house and live as a woods hermit.

by isk517 2y ago

Yeah, but think about how much money you'll have when you finally sell your house and live as a woods hermit.

I think the standard approach is you sell your house after raising a family and retiring because you don't need the additional space but a young couple starting a family does. Then you and you partner buy/rent a small condo on the beach and enjoy retirement.

mtalantikite 2y ago
All the older people I know still have the same homes they had when their kids left home 20 years ago. Some of them have the retirement home near a beach, but it's in addition to the one they raised their kids in.
- sanderjd 2y ago
  Yep, this is what you might call, the problem.
- xnx 2y ago
  "Aging in place" is a big part of the current housing situation. Older people are occupying a lot more house than they used to. The market may solve this by having multi-generational households again.
  - mindslight 2y ago
    The problem is that most US houses are quite poor for multi-generational living, as they generally revolve around a single common area with an open design. The traditional multi-family house has been gobbled up by the rental market, and now even the in-law apartment has been gobbled up by short term rentals. It's possible to build new in-law apartments with conditional approval from the city that it will only be used by related family, but that just dovetails into the problem of needing to build. There's also the general problem that the costs of system-legible senior care have shot up to ridiculous levels. I'm currently casually caring for my aunt, who lives by herself in a bona-fide two family. She keeps ideating about "assisted living" but from what I've gathered it would be essentially selling her house to buy in with a large lump payment, and then still paying stiff monthly fees larger than her current expenses (which includes part-time in home help). Essentially the assisted livings have come under control of the same type of economic vampires that have set up shop everywhere else, making it prohibitive for her to move on and consume less housing.
ok_dad 2y ago
I just bought a house at 40, so I guess I’m allowed to retire at 70? I’ll be dead before then at this rate.