I agree but this is precisely why I'm researching in this area!The majority of people aged over 65 don't have any desire to downsize.
For various reasons.
So I don't think it will be a common event.
Yes I've read the initial report referred to in this article but it's low on detail. Full report due Q1 2020 but I haven't seen it.Dept housing did some work on this last year . https://www.irishexaminer.com/breakingnews/ireland/older-people-quizzed-on-downsizing-to-gauge-interest-in-financial-and-property-incentives-929746.html
I'm particularly interested in what financial measures would be most likely to encourage mobility and prevent financial losses for those who might desire to rightsize. I'm not at all an expert in finance/tax so this is difficult aspect of my research.Compared to tax paid on property for example in us where it is common to work in one state and retire to another.
Fair deal scheme in Ireland for example means it would be financially disadvantaging to down size .
No! I'm here! I just received the first notification of activity today. Weird! But I'm new to this forum so not sure of how it all works. Just catching up on the comments. CheersThe OP has apparently abandoned this topic.
I've conducted extensive research into the various options currently available, both in Ireland and to a lesser extent internationally, and down- or right-sizing is one that has not been given great attention, particularly in Ireland. (EG Govt of Ireland Policy Statement 'Housing Options for Our Ageing Population' published in 2019) This is precisely why I'm researching it - in an effort to identify what possible positive and negative impacts right-sizing could provide. For example for the person living in a large home with large garden who would prefer lower maintenance responsibilities by moving to a smaller house with accessibility to public transport and services. A majority of older people prefer to remain in their own home - I'm looking at this option for those who would be open to, or perhaps need to, move to smaller or more appropriate housing for possibly changing needs.I'd like to know what specific research you've done to get to that conclusion. What data you've collected and analysed. Because it's like you've never even talked to an older person. Or looked at what facilities are needed and do they exist. Have you looked at nursing homes, have you looked at the costs, have you even looked to see properties and communities exist that are suitable for downsizing to. Considering the lack of housing supply for the last decade.
Indeed apartments are one option. But I think smaller units with gardens also need to be more widely available and included in planning.Apartments are of course suited for older people as they present less upkeep and are more accessible. Ireland has a very low share of apartments compared to other western countries though.
A friend of mine has parents who in their mid-60s sold up a four-bed house and moved to a three-bedroom apartment that might be as big as 110 sqm. This kind of property is very hard to find though, most apartments being one- or two-bedroom.
Very true and a valid reason for remaining in the longterm home. Peace of mind is hugely beneficial to good health.It also says a lot about the community spirit in Ireland. I know loads of retired people who are close to their neighbours and don't want to move away from them.
....I believe there has been a negative slant to the concept of downsizing perhaps as a result of the continuing hangover from colonialism and our preference for owner-occupation....
The property they are in has 3 advantages, location, location, location.Very true and a valid reason for remaining in the longterm home. Peace of mind is hugely beneficial to good health.
But as has been mentioned by other commenters options could be provided for in planning that would allow people to remain in their community while relieving themselves of larger properties with high maintenance costs and requirements.
That's a very long term horizon if by planning I assume you mean new developments. In Dublin's inner suburbs, people from their 50s on are already in their 'forever' home. It's going to be challenging fitting in downsizable properties that aren't apartments in such locations. Looking at the new developments in my part of Dublin - D3 \ D5 - they are even less suitable for retirees, being largely apartments or 3 storey townhouses.But as has been mentioned by other commenters options could be provided for in planning that would allow people to remain in their community while relieving themselves of larger properties with high maintenance costs and requirements.
It's certainly an advert for having your own front door and garden, doesn't necessarily have to be your family home.
Covid19 will definitely will have an impact on people's decisions going forward. But if a person requires nursing home level of care they have little choice currently but to move into one. The provision of higher levels of care in the community has improved but remains challenging and extremely under resourced. This needs further development - sheltered housing is one possibility that works for some.Surely the current crisis is an advert for:
- Avoiding nursing homes
- Avoiding apartment living
- Staying in your family home
The article was linked by another commentor. As mentioned I have a copy of the initial report but it's very low on info/data. I haven't secured a copy of the full report from this research yet - I don't know if it has even been published. But the initial indicators were that there was a low proportion interested in moving but of a large population so perhaps still worthy of investigation ... other findings included the need for greater supply of suitable dwellings, simplification of the process with security of brokerage - perhaps with state as broker, and financial incentive.That newspaper article is from 2018.... not link to it.
The other "Housing Options for our Ageing Population" all seem to be in the very early stages formation. They plan to collect data from surveys etc, but haven't done of this yet. So they don't have data either.
Fully agree that there aren't enough options. But providing them will require proof that there is a market (private and/public) for them. Whether or not this market exists is part of what I'm attempting to clarify.I disagree. People can't down size if there is nothing suitable to downsize to. You can't sell the idea of downsizing, because there is nothing to sell.
That's only applicable if they have 'location'! What if they are isolated in the countryside and can no longer drive? A relocation to the local village or town might be ideal! Or what if the house is older, difficult and/or expensive to heat/insulate, unsuitable for stair lift or other adaptations?The property they are in has 3 advantages, location, location, location.
Its far cheaper to upgrade that, than buy a new suitable property (which doesn't exist) in a less than ideal location.
Many older people enter nursing homes following very short or sudden illness such as stroke, or accidents resulting in incapacitation such as broken hip and never return home. Options that reduce the possibilities of accidents should be available for consideration prior to older old age. These options would remove stairs and obstacles that exist in most family homes while allowing the person to retain their independence and remain in their community.Often nursing homes comes after a lengthy period of care in the home. Its people usually at a different stage. Or the supporting family are overwhelmed and unable to cope. Some times is younger people with a disability etc.
Nursing homes, fair deal and home care are all desperately underfunded and under resourced.
I think there is a limit on how frequently new members can post - to deter spammers.(Have you any idea why, every time I try to post a reply, I am told I must wait 850 or whatever seconds before performing this action?)
Environment is only small part of this..?Many older people enter nursing homes following very short or sudden illness such as stroke, or accidents resulting in incapacitation such as broken hip and never return home. Options that reduce the possibilities of accidents should be available for consideration prior to older old age. These options would remove stairs and obstacles that exist in most family homes while allowing the person to retain their independence and remain in their community....