Most car owners know that there are pros and cons when it comes to buying versus leasing a car. The same is true for entry fee, equity, and rental retirement communities: Each senior living model has potential advantages and disadvantages for residents. In the coming weeks, we will take a closer look at each of [...]
I’ve written several blog posts on the lingo used within the senior living industry. Some of the industry’s terms are more easily understood than others, however. For example, in last week’s blog post, we explored the meaning of “independent living” and how this label is applied to different senior living and care scenarios. This week, [...]
What do you think when you hear the term “independent living”? This phrase seems to have different connotations for different people, creating confusion. Even within the senior living industry, it gets applied to a pretty wide range of living and care situations. Let’s take a closer look at the meaning of “independent living” and how [...]
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 [...]
As a follow up to my recent blog posts on the challenges of comparing continuing care retirement communities (CCRCs) and comparing rental retirement communities to CCRCs, I wanted to share with you the different ways that the term "independent living" is used in the senior living industry. Spoiler alert: It is a phrase that is [...]
