That argument's all very well if they can afford to downsize (moving costs), and if there is somewhere for them to downsize to. Moving costs are higher if you are older, cos chances are you can't easily carry boxes and that sort of thing.
There are plenty of retired people who have already moved out of their family homes into much smaller accommodation: they are still being squeezed by council tax on their fixed incomes (because they didn't have their money in property, it hasn't grown as fast as property prices have done).
Short of moving to an inner city terrace totally inappropriate for aging residents (steps, stairs, steep walks to the shops etc) there is nowhere really left for them to go.
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Date: 2007-03-23 01:59 pm (UTC)There are plenty of retired people who have already moved out of their family homes into much smaller accommodation: they are still being squeezed by council tax on their fixed incomes (because they didn't have their money in property, it hasn't grown as fast as property prices have done).
Short of moving to an inner city terrace totally inappropriate for aging residents (steps, stairs, steep walks to the shops etc) there is nowhere really left for them to go.