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large home Many retirees are having a tough time extricating themselves from the massive homes that seemed such a good idea at the time—but as age and infirmities encroach, now appear to be folly. (Photo: Shutterstock)

A decade and a half ago, Big Homes were the Big Thing as retirees rushed to sink lots of money into the massive Sunbelt homes they perhaps had dreamed of for years. Real estate was booming and it was all too easy to follow that dictum memorialized on cutesy plaques in souvenir shops: “House—a hole in the ground surrounded by wood into which one pours money.”

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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