All CCRC Prospects Should Ask These 10 Questions
When considering various senior living options, prospective residents can feel overwhelmed by the process. There are so many different considerations that go into the decision: location, contract terms and price, quality, amenities, care services, and much more. The advent of the internet has made researching senior living communities, such as continuing care retirement communities (CCRCs [...]
How Senior Living is Evolving to Meet Future Demand
Within the next decade, children in the U.S. will be outnumbered by elderly Americans, according to projections from the U.S. Census Bureau. In fact, the number of seniors (people age 65 and older) will roughly double between now and 2030. With this dramatic demographic shift, we will have to face a new challenge: caring for [...]
The Great Debate: Rental or Entry Fee Retirement Community?
With the rise of rental retirement communities in recent years, sometimes referred to as independent living communities or “independent plus,” I hear more comments from people who say they are looking for communities without a “buy-in.” When comparing rental retirement communities to entry fee life plan communities (aka, continuing care retirement communities or “CCRCs”), there [...]
A New Case for the Continuing Care at Home Model?
I often mention the AARP statistic that roughly 85 percent of people age 65 and older say they want to remain in their current home as they grow older. There are several reasons commonly cited for wanting to “age in place”: a belief that staying in the home will be the most economical option; a [...]
Is Aging in Place the Better Option After the COVID-19 Pandemic?
Nursing homes have been in the news recently as they grapple with the effects of the COVID-19 pandemic. These communities of vulnerable residents have been especially hard-hit by this deadly and highly contagious virus. I imagine, by extension, it’s left a lot of people wondering if the positive aspects of living in a senior living [...]
Pandemic Real Estate: Is It a Good Time to Sell Your Home?
Spring is typically considered the best time to sell a home. As the weather warms, interested buyers come out of hibernation, often with the goal of getting moved in before their children’s school year starts in the fall. The COVID-19 pandemic has thrown a monkey wrench in the U.S. real estate market during what would [...]