Three baby boomer homeowners shared their journeys of downsizing after retirement, highlighting the positive impacts of soaring home values and low mortgage rates. While many in their age group resist downsizing due to attachment to their homes, others embrace the challenge. For instance, Holly Gates sold her California home and moved into a vibrant 55-plus community that offered affordability and community engagement. This shift allowed her to connect more with her peers and enjoy an enriched lifestyle, showcasing the advantages of intentional downsizing.
I'm probably more of a minimalist than I ever wanted to admit to," the 75-year-old retiree told BI, "so downsizing was a lovely challenge for me.
We're all in this together, and we watch out for each other," she said. "The enormity of the pluses outweighs the small things.
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