As much as people on this thread are working with their parents who have to make some tough choices on where to live and how to handle the extra oversight/caregiving, I found these details in a NY Times article insightful.
”The NAR surveys reveal that 30 percent of adults ages 60 to 69 are motivated to move for health reasons, while another 30 percent never want to move. Only 19 percent report being motivated to move by a desire to downsize. Too often, Ms. Fitzgerald (the realtor) said, health scares like falling down stairs force older adults to downsize, stripping them of extra time to plan. Agents urge older adults to prepare for downsizing — to avoid financial and medical calamities — before they know if and when they will flee their nest. “It’s never too early,” Ms. Fitzgerald said. “The process will go much more smoothly and will be much more successful if it starts earlier, rather than when you are forced, because of an injury or an illness, to move quickly.”
In the article they also talked about how younger buyers are looking for perhaps different things in the home that they will value more than other updates “many millennial and Gen X buyers, who are more likely to be interested in larger homes, didn’t have the time or interest to fix up an outdated house. “They are spread thin, and they want to be able to move into a house that is fresh,” she said. “That is a very different perspective than the seniors had when they were purchasing the house. That generation has a hard time understanding how the newer, younger buyer is expecting a picture-perfect house.”
I think some of the perspectives are from seeing so many homes updates on HGTV and the finished look is what interests younger home buyers.
For us, our move is totally motivated to move where our DD1/family live - once we know they will be in that city long-term (an out-of-state move for us). Our move might be in 2027. We have seen a few friends make a big move like we will most likely be doing. We will store things to have our home ready to sell, store the rest after it is sold, then look in the new city while using short-term options on where to live in-between. Until then, I fly or drive to this city - and DH and I drive together for Christmas through New Year’s. SIL’s parents have made a step closer to being ready for Assisted Living as they have flown to see the AL near their other son’s home (which is 6 hours’ drive from DD1/SIL/family.) SIL took more time away from DD1/kids to transport his parents from and to the airport to the town and oversee it all, stay in the info loop. As much as his parents realize how much their son and our daughter have done for them, they have IMHO dragged this process out ad nauseum, creating a lot of unnecessary added stress. I have flown in twice (significant gap of time in-between) so that SIL could go and help them (and he was with them for two weeks each time) - and DD1/SIL spent the first weekend of vacation time clearing out and organizing more a few months ago (very long drive for the family).
I will hear from DD1 about how things went, but DD1’s concern is that they will drag moving to where there is a major health event and they lose control on their choices. They have a 30-day window to commit once the unit (2 BR) is available – DD1 said a unit was available in Sept. Who knows when a unit will become available again. SIL’s father has Parkinson’s which is getting quite bad - he has not been able to drive for a number of years, and his wife has been overwhelmed for quite some time and has health issues of her own. His MD told him several years ago that he would need more assistance at home in 1-2 years (and they are at the end of that time frame).