How much less $ to make downsizing worth it?
I was wondering what all of you think the cost difference needs to be between houses to make a "cost downsizing" move worth it. There is a certain amount of $ lost in selling to the realtor commisions, repairs, actual moving costs that needs to be factored in. Not to mention the emotional stress and cost of buying/selling moving. Utility and yard maintenance costs in a smaller house are less. In my case, the property taxes are lower on my existing house since they were based on the purchase price years ago. So even a less expensive new to me house would have higher property tax.
We do not need to move, we can afford our bills. But I think I have been using less cost, less commute, and less yard work to justify moving and getting something different.
I think this is a logical (there are actual numbers that could be calculated) but also emotional.
Just wondering your thoughts on this: is there a price of house difference that would make a move a smarter financial decision?