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Old 07-20-2014, 10:45 AM
 
7,981 posts, read 11,663,426 times
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Quote:
Originally Posted by Jukesgrrl View Post
I know quite a few boomers who would love to retire and vacate their family homes but they can't ... because their adult children moved back in. Sometimes bringing THEIR children. One of my relatives has more people living in his house now than he did when his kids were small.
This. The new reality. But not just out of need, many by choice. So many more people now are focused on extended family almost exclusively. Family was always important but generally kids moved and started their own lives. Families still got together but were more separate, not humongous traveling packs doing everything together up to and including live together. People travel way more now than they did before. The economy may suck but so many more people still fly somewhere a couple of times a year and middle income families go to Disneyworld as a matter of course, often with granny and aunts and uncles and cousins all together. It used to be flying to see family or Disney was a huge deal.
Frankly I'm surprised we haven't seen "The Family Compound" as a real estate development.

If you have a family you apparently want enough of a big house that you can get away from them when they live with you or are over all the time;0
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Old 07-20-2014, 10:59 AM
 
1,061 posts, read 1,641,395 times
Reputation: 1933
As boomers, last year, we sold our 2200SF town home in PA and moved west to Colorado. We rented a 1600SF condo for a year in anticipation of building. When building began to look too expensive, we bought an 8 year old 3100SF 4/3.5 architect designed home on 5 irrigated acres for just the two of us.

Because of the first floor master suite, we only use the second floor when we have overnight guests. It's awesome to have the room we need to have our kids & friends visit us in the beautiful southwest. And living on the main floor is like have a single story one bedroom home for the two of us.

It all works very well..... and in the end, it was going to cost us between $350-400/SF to build a 2,000SF house vs $186/SF to buy the larger home with the same amenities we were going to install when we built. More room..... less money.... seemed like a win-win to us.
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Old 07-20-2014, 11:18 AM
 
Location: Great State of Texas
86,093 posts, read 72,515,954 times
Reputation: 27566
Quote:
Originally Posted by Giesela View Post
This. The new reality. But not just out of need, many by choice. So many more people now are focused on extended family almost exclusively. Family was always important but generally kids moved and started their own lives. Families still got together but were more separate, not humongous traveling packs doing everything together up to and including live together. People travel way more now than they did before. The economy may suck but so many more people still fly somewhere a couple of times a year and middle income families go to Disneyworld as a matter of course, often with granny and aunts and uncles and cousins all together. It used to be flying to see family or Disney was a huge deal.
Frankly I'm surprised we haven't seen "The Family Compound" as a real estate development.

If you have a family you apparently want enough of a big house that you can get away from them when they live with you or are over all the time;0
I think zoning laws prevent that.
But you could pull it off if the family unit bought 4 lots..2 facing the other 2 lots. Build your homes but only outside perimeter fencing. The interior open to all 4 lots. Separate yet together.
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Old 07-20-2014, 10:13 PM
 
14,260 posts, read 23,995,588 times
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Quote:
Originally Posted by newenglandgirl View Post
I'm not really going to sweat over the Hoover, lol. It's the aggregate of all these decisions that can get to one who is seriously trying to downsize. What if I had that push-pull attitude with everything I'm wanting to get rid of? I'd always be stuck at square one..

We finally received all of our furniture and have everything unpacked except for 15 cartons of pictures, posters and the like. Since my new home has about 25% of the wall space, I have a feeling that there are still a lot more difficult decisions coming down the road.
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Old 07-21-2014, 06:20 AM
 
Location: Duncan, Oklahoma
2,601 posts, read 1,231,521 times
Reputation: 2015
Our town had its "World's Largest Garage Sale" event this past weekend. I had a garage sale and made over $500, and I really didn't have very much to sell. It never ceases to amaze me what some people will buy.

I did sell a lot of my mom's things that she no longer wanted, so I helped her downsize quite a bit. That will help in the future. My home is downsized about as far as I can go. My daughter won't have much to deal with someday. My attic is completely bare. My garage only has the two cars and lawn equipment in it.

Now I have to go return the tables I used in my garage sale. I surely won't have to have another garage sale for many years, if ever again. When Mom dies, I plan to have a local company come in and take care of all the rest of her stuff with an estate sale. However, I have the feeling (and I've told Mom this) that Mom will outlive us all.
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Old 07-21-2014, 09:56 AM
 
Location: UpstateNY
8,612 posts, read 8,304,137 times
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Wow, educator, nice hit selling your stuff.

Jlawrence, congrats on settling in, if only somewhat.

Durango, great points on build vs. buy costs, something to keep in mind.

I think because of the weather my mom may not 'get' why we need so much time to downsize and purge. Having to move may change that, at least I hope.
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Old 07-21-2014, 10:17 AM
 
Location: Edina, MN, USA
6,954 posts, read 7,393,688 times
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Quote:
Originally Posted by DurangoJoe View Post
As boomers, last year, we sold our 2200SF town home in PA and moved west to Colorado. We rented a 1600SF condo for a year in anticipation of building. When building began to look too expensive, we bought an 8 year old 3100SF 4/3.5 architect designed home on 5 irrigated acres for just the two of us.


It all works very well..... and in the end, it was going to cost us between $350-400/SF to build a 2,000SF house vs $186/SF to buy the larger home with the same amenities we were going to install when we built. More room..... less money.... seemed like a win-win to us.
\\

I found this to be to be true in NC also. Building is much more costly than buying a resale.
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Old 07-21-2014, 10:32 AM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
22,592 posts, read 39,962,822 times
Reputation: 23726
Quote:
Originally Posted by HappyTexan View Post
I think zoning laws prevent that.
But you could pull it off if the family unit bought 4 lots..2 facing the other 2 lots. Build your homes but only outside perimeter fencing. The interior open to all 4 lots. Separate yet together.
Fortunately my rural TX place allows up to 4 residences per parcel!!!

That is a WIN!!!

Tho I have always added extra living space in each home. In my WA state county I just can't add a fixed kitchen range to a second dwelling. so... I have my range on 'casters' (canning kitchen.) Same with 'islands' in the kitchen anything on wheels is not taxed as 'real' property.

Fortunately I still build my own for under $50 / SF with stone fireplaces, lots of tile, energy doors and windows, and full natural wood trim. BUT I can still buy cheaper than build in most areas. (faster too)
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Old 07-21-2014, 01:40 PM
 
Location: UpstateNY
8,612 posts, read 8,304,137 times
Reputation: 7523
WTF you can't have a stationary range other wise they tax the range?

Or, they don't tax the second dwelling if the appliances are mobile?
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Old 07-21-2014, 02:09 PM
 
Location: Great State of Texas
86,093 posts, read 72,515,954 times
Reputation: 27566
Quote:
Originally Posted by CCc girl View Post
WTF you can't have a stationary range other wise they tax the range?

Or, they don't tax the second dwelling if the appliances are mobile?
Texas has some odd laws. Each state is different in what qualifies for what when it comes to laws.

I have 2 barns..one has electric and the other doesn't.
That's the only difference but the one with electric is appraised higher even though it's older and smaller.
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