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

[Deep State Witch]

79. Can't Afford Retirement Communities

I'm 59 and hubs is 61. We're both retired, but run our own computer app business. His mom is still alive down in Florida, and my aunt lives about a mile from us. We're retirement-community curious, and have looked at one place in a nearby community that was built about 10-15 years ago. It has both houses and condos. We're looking at the houses.

"Downsizing" my ass! Most of the models are the same size as we currently have, or larger. While the master bedroom is on the first floor, there are two rooms and a sitting area upstairs - presumably for when the kids and grandkids are visiting. I would probably turn one of them into a craft room for myself. But the kicker is that they're more expensive than we could get for our 3-bedroom, 2.5 bath split-foyer house. Then there's the monthly HOA fee. IDK what that is, but at least it covers grass cutting, snow plows, etc.

Like I said - curious about retirement communities, but not committed yet. There are advantages and disadvantages to staying in Maryland. All of our friends are here, as well as the volunteer work that we do. But the taxes and cost of living are high.