Why Downsizing Homes Isn’t a Smart Money Move | WSJ Your Money Briefing

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Older Americans often downsize their home as their needs change.

WSJ personal-finance reporter Veronica Dagher joins host J.R. Whalen to explain why many find downsizing doesn’t make financial sense in the current housing market.

Your Money Briefing
WSJ's personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes.

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It's not all about money. It's about enjoying life. You can't take your money with you when die.

Onz
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HOW CAN LOWER PROP TAXES, ENERGY COSTS, INSURANCE COSTS, AND PERHAPS IN A MORE WALKABLE LOCATION, NOT BE A BETTER CHOICE?
SMALLER HOMES ALWAYS COST MORE PER SQUARE FOOT, AND UNLESS YOU STILL NEED A LOAN,
THE 8% LOANS TODAY SHOULD NOT STOP YOU FROM DOWNSIZING.
ANYONE WITH THE ABILITY TO HARVEST THE TAX-FREE GAIN HOME SALE, MAY WANT TO DO IT NOW, BEFORE THE SOCIALIST DEMOCRATS TAKE IT AWAY.

miketracy