Why do the impoverished sell a good apartment if they have to live in a small one?

The decision for impoverished individuals to sell a good apartment, even if it means moving to a smaller one, can be influenced by several factors:

**Financial Necessity**: Individuals facing financial hardships may need immediate cash flow to cover urgent expenses such as medical bills, debts, or basic living costs. Selling a larger or better apartment can provide a lump sum that alleviates immediate financial pressures.

**Increasing Maintenance Costs**: Maintaining a larger or more desirable property can be expensive. Ongoing costs like property taxes, maintenance, repairs, and utilities may make living in a good apartment unsustainable for someone with limited income.

**Changing Circumstances**: Life events such as job loss, divorce, or illness can drastically change financial situations. This might prompt a move to a more affordable living situation, even if it means downsizing.

**Market Conditions**: Real estate market conditions might favor selling at a good price, especially if the property has appreciated in value. This can motivate an individual to sell before potential downturns in the market.

**Desire for Stability**: Smaller apartments may be more affordable in the long run and provide a sense of stability for those seeking to reduce their financial burdens. A smaller, more manageable living space may also lead to lower stress levels and a simpler lifestyle.

**Social Services or Subsidies**: In some cases, individuals may sell a property to qualify for social services or housing assistance that provides support to those in lower-income situations. Some subsidies are income-based and may require liquidation of certain assets.

Ultimately, the decision to sell a good apartment can stem from a combination of immediate financial needs, long-term financial planning, and life circumstances.