- May 30, 2017
- Reaction score
One of the retirees being a widower did move into a unit after selling the family home.Interesting as to the downsizing. Did they move into a unit?
Another couple I know of moved into a smaller home with less bedrooms and still got to unlock the sizeable equity that was tied up with their much larger family home that their kids (now all adults with their own families) grew up in.
So I suppose in each case, the remainder of the proceeds from the downsizing move is added to AUM.