Summary
Retirees often view downsizing as a way to free up cash and reduce upkeep, but it comes with hidden costs. First, selling a home can trigger unexpected expenses, such as real estate commissions, repairs, and taxes. Second, relocating may disrupt social ties, forcing seniors to leave established communities or distance themselves from family. Third, the new home might carry surprises — higher insurance, maintenance, or HOA fees — that erode financial gains. In short, downsizing in retirement can backfire unless you carefully run the numbers and plan for both tangible and emotional impacts.
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