I’ve been in real estate for a long time, but I had not heard of the ‘Freedom Threshold’ until recently. Crossing the Freedom Threshold is the point in time when where you live is not determined by responsibilities, but instead a freedom to live wherever you want. As you would expect, it generally occurs as people approach or enter retirement. Below is a great chart to demonstrate this.
Related to this would be the reasons that people in retirement move. The biggest reason is a desire to be closer to family, followed by a desire to reduce home expenses. While about half downsize when the move is made, about 30% actually buy a larger home. Many retirees find their home becomes the place for family to get together during holidays and vacations so they want to be able to accommodate these a few times a year when the extra space is needed.
If you are Crossing the Freedom Threshold, I’d be honored to help you with your real estate needs. You can reach me by email, by phone at 512-650-7300, or by using the form below.
Thanks to Steve Harney and his crew at Keeping Current Matters for the graphs.