Everyone here is lucky they have the choice of whether or not to downsize! My husband and I were forced into it very much against our will just over 7 years ago!
I was forced to take early retirement from my senior nursing post, after I fractured my spine checking a patient's BP! I have severe osteoarthritis and osteoporosis, and have gone on to have other fractures!
Not long after I had retired, my husband's company were not doing well and paid off more than half their
staff.
As a senior manager and one of the highest earners, my husband was one of the casualties! Unlike myself, who is very well qualified academically, my husband has only school level qualifications, so it was impossible for him to get another job, despite over 1000 applications! Then he too became unwell and was never going to be able to work again! Bankruptcy followed, once we were no longer able to pay our mortgage! We lost everything - our house was repossessed, my husband's pension seized and we had to find alterntive accomdation!
Fortunately, they couldn't touch my pension, as I was already in receipt of it. I worked full time my entire career of over 30 years, therefore had a reasonable NHS pension, and that saved us from destitution! We managed to get a privately rented 3 bed detached house, and though it wasn't in great condition, we have spent some money on it and it's now our home. It's also in a nice area, so we are lucky. The downside is that it will never be "our house". We will have to rent for the rest of our lives! It's also rather upsetting to discover that our beautiful 4 bedroomed house sold last year for more than £500, 000! If we had been staying there and sold it, we would have had our choice of retirement properties!
My husband worked for over 35 years and me for over 32, and we have virtually nothing to show for it! So my advice to people is to enjoy what you have, you never know when it's going to be snatched away! We are both nearly 64, and while in poor health, it's not anything that's going to kill us, so we could have years of this miserable existence left! Sorry to sound bitter, but it's so hard not to feel that way! ??