Searching for a decent, affordable walking/hiking shoe, any help?

I am an older fellow with bad knees and suspect ankles from many years of abuse and mountain living, but now I reside in the flatlands. I used to hike the mountain areas out West, but now, not. I do, however, still find myself in situations where I need to walk a fair amount to enjoy visiting places and doing fun things. Usually, but not always, we're talking city, town, or normal hiking trails.

I know many of you live and work in cities and must do a lot of walking on pavement and I'd be interested in your take on comfort, primarily, and durability in a walking shoe. I don't need boots, I'm not climbing the Matterhorn here, so a regular shoe/athletic shoe will suffice. I like Merrells from past experience, but have seen so many new offerings courtesy of the web that I am finding myself completely baffled by the variety.

Any help out there in TKP land?

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