Boomers Bought Up the Big Homes. Now They're Not Budging.

[phylny]

27. We live on a beautiful lake in Virginia. Our home has almost doubled in value since we

Last edited Mon Apr 15, 2024, 01:59 PM - Edit history (1)

built it in 2008. Our current mortgage interest rate is around 3.3%. When we built it, we changed the design so that in our primary bath, the huge tub was replaced by a larger shower and a stackable washer and dryer. We have an entire lower level with two bedrooms, a family room, storage, an office, bathroom, and laundry room that we can totally ignore and live on the first floor if necessary because we designed it for older/old age. It’s a walkout level due to the slope of the land to the lakefront. Our first floor has everything we need on one level: two bedrooms, living room, eat-in kitchen, dining room, two baths, and a sunroom.

We get mailings monthly from Vacasa about how much money we can make renting our home. We have no desire to move unless one or both of us becomes incapacitated.