It’s hard to tell from your comment if it’s intended simply or sarcastically. I’ll respond assuming the former.

In general, downsizing for that purpose has never been a no-brainer for everyone whose retirement funds come up short. There have always been concerns such as:

• Capital gains taxes for highly appreciated homes
• Remaining mortgage balance
• Closing costs
• Loss of familiar and comfortable home
• Loss of longtime friends and neighbors

In the current situation, the high interest rates just pile on an extra challenge, likely making it less attractive for even more seniors.