Do the impoverished who used to be rich keep their large apartments?

The situation for impoverished individuals who used to be rich can vary significantly based on various factors, including local laws, financial obligations, and personal choices. In some cases, they may struggle to maintain large apartments due to high costs associated with rent or mortgages, utilities, and property taxes. Others might downsize or move to more affordable living situations. Additionally, in markets with high demand for luxury apartments, they may be unable to afford their previous living situations and might have to sell or rent out their properties. In contrast, some individuals may choose to stay in their large apartments, relying on savings or other income sources for as long as possible. Ultimately, each person's circumstances and decisions will influence their housing situation.