large home Many retirees arehaving a tough time extricating themselves from the massive homesthat seemed such a good idea at the time—but as age and infirmitiesencroach, now appear to be folly. (Photo: Shutterstock)

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

That's turned out to be literally true in many cases, accordingto a Wall Street Journal report that says that many of those sameretirees are having a tough time extricating themselves from themassive homes in lush locations that seemed such a good idea at thetime—but as age and infirmities encroach, now appear to befolly.

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Marlene Satter

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