Dear Dave,
My wife and I are empty-nesters, and our house is too big for just the two of us now. We talked about selling the house and moving into an apartment in a multi-use development with retail and restaurants that we go to several times a week, then in a year or so, buying a smaller house when housing prices go back down. How do you feel about this idea?
—Ephraim
Dear Ephraim,
I like the idea of downsizing. My wife and I did the same kind of thing recently. But at this point, I’d say there’s about a 99 percent chance the housing market is not going down. It has gone down two times in the past 100 years—way back during the 1930s and again in 2008. And the market snapped back fairly fast after 2008….