My auntie, is 84 years old. He sold last year and lived with my dad for a few months. She’s now traveling and plans to travel 6 months out of the year and doesn’t have a care in the world.
She’ll probably rent when she returns; or continue to live with my dad (if they get along). My dad has a 4-bedroom house so I think that it’s big enough for two. I also think it’s good for 2 seniors to watch out for each other.
I told my auntie that with the money she’d spend on buying, she could travel and enjoy herself without touching her savings. She had an eventful life so now is her time to relax and see the world.
In the end, who cares about real-estate. It’s quality-of-life and state-of-mind that counts. Remember the “pursuit of happiness?”