My home is not very big at all, but still bigger than I need. I could get by with half the size for myself and my cats just fine. When I bought it the location was the most important factor, because I'd be taking care of a mom with dementia. Living in my old neighborhood where people know her and, more importantly, she knows them, is what mattered.

Because I'm single, I have been toying with the idea of finding something smaller. Cheaper to maintain and heat/cool (and clean!) as I get older. But something became immediately apparent as I was looking around... I wouldn't come out ahead on a downsizing deal, and it's proving really difficult to wrap my head around. Shouldn't the difference between the sale price of the bigger place and the purchase price of the smaller place be putting money in my pocket?

No. — At least not right now.

Smaller doesn't automatically equal cheaper.

Unless I gave up on home ownership completely and moved to an apartment. But given the money I've sunk into this place over the years, that's a short-term windfall that would likely cost me even more money long-term.

And so I guess I'm staying put for a while longer.

Which saves me from having to explain to my cats that they'd have to adjust their excessive lifestyle to live in less space. Something they probably wouldn't be happy about at all.