Do the impoverished who used to be rich keep their large apartments? What should I do?

When someone who was once wealthy falls into impoverishment, their living situation can vary greatly based on several factors, including financial obligations, lease agreements, personal choices, and local housing laws. Here are some considerations regarding large apartments and what steps you might think about if you're in a similar situation:

**Lease Terms**: If the person is renting, they may have to decide whether to stay in the apartment or downsize based on their financial situation and lease terms. Some may be locked into long-term leases, while others may be able to break their lease or negotiate a lesser payment.

**Ownership**: If they own their property, they may choose to stay while trying to manage the costs, such as property taxes and maintenance. However, if finances are tight, they might consider selling the property or renting out parts of it to generate income.

**Emotional Ties**: There can be significant emotional ties to a home, especially one that may represent a previous financial status. This can complicate the decision-making process.

**Assistance Programs**: In many areas, there might be assistance programs for those struggling financially, which can provide support for housing costs or offer options for downsizing.

**Seeking Financial Advice**: Consulting with a financial advisor can provide insight into the best course of action based on one's individual situation. They can help assess options, budget, and make informed decisions.

**Social Support**: Reaching out to friends, family, or support groups can also be valuable for emotional support and practical advice during difficult times.

If you or someone you know is in this situation, it may be helpful to assess the specifics of the financial challenges, explore all available options, and make a plan that aligns with both financial needs and personal values.