I am watching the Canadian comedy Schitt's Creek on Netflix and I love the humour. It is filmed her in Ontario. A rich family loses everything and is reduced to living in a motel..their ownly asset is the town of Schitt's Creek. It is funny, but real life situations are not so funny.
My college roomate married well and moved overseas. When they returned to Canada they bought a huge 5 bedroom 5 bath home..4,500 square feet. The marriage ended and instead of moving to a small mortgage free home...she "downsized" to an 4 bed 4 bath home and held a mortgage and moved with her two kids. I visited one time and she had a couple cleaning the home. She was working and did not have the time to keep up with the housework of the large place. I asked her why she did not buy a modest home so she could live mortgage free...She told me she had to get a large place to "fit her funiture". Fast forward ten years...she exhuasted the equity in her home with second mortgages..attempted to downsize too late..and was left with nothing. She had to sell all her lovely furniture at fire sale prices....she now rents a basement apartment. Good thing the kids are grown and gone from home.
My college roomate married well and moved overseas. When they returned to Canada they bought a huge 5 bedroom 5 bath home..4,500 square feet. The marriage ended and instead of moving to a small mortgage free home...she "downsized" to an 4 bed 4 bath home and held a mortgage and moved with her two kids. I visited one time and she had a couple cleaning the home. She was working and did not have the time to keep up with the housework of the large place. I asked her why she did not buy a modest home so she could live mortgage free...She told me she had to get a large place to "fit her funiture". Fast forward ten years...she exhuasted the equity in her home with second mortgages..attempted to downsize too late..and was left with nothing. She had to sell all her lovely furniture at fire sale prices....she now rents a basement apartment. Good thing the kids are grown and gone from home.