Downsizing

Welcome to the Senior Class: Downsizing with a home equity conversion mortgage

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THIS ARTICLE ORIGINALLY PUBLISHED NOVEMBER 2025 FOR INMAN SELECT:  https://www.inman.com/author/america-foy/

Recently, I joined the ranks, 55 this year, of what some consider senior citizens. In addition to getting discounts at some major retailers and the chain where I get my haircut, I really started paying attention to [...]

Downsizing? Real Estate after 55: Prop 19 explained

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Prop 19 is a 2020 California law that does a couple of completely different things. If you're 55 and older it can be an amazing tool to make moving on a fixed income a lot less expensive—it lets you keep your last home's tax basis and move it to a new place anywhere in California. It also lets your heir benefit by transferring your property basis on an inherited property to them after you make your final move.

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