Downsizing paradoxically does not save as much money as you’d expect from the square footage difference. Because of the scarcity of cheap houses and alternative

Downsizing paradoxically does not save as much money as you’d expect from the square footage difference. Because of the scarcity of cheap houses and alternatives like apartments, townhomes, duplexes and condos, the new home can be just as expensive. Mortgage rates going up and the high transaction costs in real estate eat up the cash difference.