We already downsized to a smaller home a few years ago. Because of my wife's credit card abuse, we have a small mortgage on it now. The money we got from downsizing was spent on renovations and her credit card debt.Is the house worth much? If it is then can't you both each buy a smaller place?
That's what most couples seem to do. Sell a larger place and each get somewhere smaller. Maybe an appt.
With the price of homes now there is nothing affordable in the city. I would need to move about an hour away and commute to work. Not sure if that is a good, or practical option.
Even a condo or flat is expensive in town.