IMHO, most people who would consider downsizing, are persons who lose a spouse--when this happens lots of times there is a severe income loss too--if your house is paid for, you will lose a significant cut in lifestyle if you become a renter in the lofts
I know woman who had to leave TV when her spouse passed and another woman who has to rent her house one month in order to live here--another aspect of high rise living, which we experienced was having to haul every thing up in an elevator & then haul it down a long hall way--In Cary our condo had a multi-level parking deck & we could park fairly close to our unit--in Palm Coast we had to take everything up 8 stories & walk down a 200' walk way-- a real pain
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