Time, experience, and wisdom. My present home sits on the banks of the Ohio river and has escalated in value in the time I've owned it. I've had experience with flooding and other natural weather disasters which have allowed me to upgrade the property as a result while other factors such as public utilities have arrived. (city water, broadband, bypasses to the highway as well as a proposed new bridge that would create an outer-belt connecting the three larger cities of the three states [Kentucky, Ohio, and West Virginia] that converge here. Thus the time and experience. Not to mention that there are almost no riverfront lots left around here to buy & build on.
As for Wisdom, a large home seems to be a container that over time gets filed with more and more "stuff". Nice things to have but still, not used so much. I've now reached the point I saw my Grandparents at back in my school days. I thought they had everything back then. Marketing people describe this as the "primary acquisition phase" of one's life. (but those marketing people rarely mention the running out of space phase)
So it follows that in time one will determine whether they want to be a "home body" and live in the wonderland of all of their stuff or be a "go and do-er" so they can travel and see what they have missed out on when younger and working and acquiring for so many decades. This is where the taking inventory of what their estate is worth and determining whether they own their stuff or does their stuff own them. Granted some will be content to stay put and enjoy the possessions they've amassed and continue paying the ever increasing cost of taxes, utilities, maintenance, insurance and so forth.
We've all heard the saying, "you can't take it with you". So why not have one or two tiny homes on small lots with sitting gardens opposed to a lawn. One would be a snowbird home in the south and the other just a few miles from the suburbs of a nice town in the mid Atlantic area. Then a Van rig or small RV that could tow an economical vehicle between the two locations between the seasons would provide for the transportation needs. The rig could be parked in State Park camping areas while on the road and the car taken to tour the sites I'd like to see. In time the snow bird TH could be sold when I'm ready to spend my last years in one place. Another old saying a German friend of mine used to quote was, "we get so soon old and so late wise". And this wisdom I've amassed is running a little behind but still workable.
