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For retirees, downsizing to a smaller house is not the money seize it as soon as was
When Linda and Gary Hansen downsized in 2014, they did very properly. They offered their 3,300-square-foot St. Louis house for $325,000. buying and selling for a 1,900-square-foot home in Largo, Florida — and making about $40,000 within the course of. They had been paying in money, so there was no new mortgage fee to fret about, they usually received to reside out their dream of seashore retirement. (Their home is simply two miles from the coast). “I by no means needed to be chilly or see snow once more,” says Linda. “I inform folks the one factor I need to see that is white on the bottom is white sand.”…