Tag: senior living
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Consider This Before Creating a Life Estate Deed
Say you decide you’d like to stay in your home for life. After all, with the costs for assisted living going through the roof, holding your deed might be the best senior living plan! You can certainly draw up a life estate deed, and convey your property into a co-ownership with someone — a friend,…
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“The Senior Living Market Can’t Keep Up With Demand”: A Deed May Be the Best Senior Living Plan
In a recent issue of the CNBC Property Play newsletter, Diana Olick wrote that older adult living is “on the edge of a boom — a baby boom, to be exact.” Between today and 2030, more than 4 million baby boomers will reach the age of 80. Can active adult and assisted living properties climb…
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Locked Out: Less Than 5% of U.S. Housing Is Accessible to Older, Disabled Residents
Tens of millions of U.S. residents have a problem. There aren’t enough homes for the elderly and disabled population. One in four of us — more than 60 million people — have a disability. And our older adult population is rapidly growing. As a general matter, the United States needs something between 3 million and…
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Buying Versus Renting for Active Adults
The baby boomers are now driving a booming business. Retirement real estate is a big part of what marketers are calling the longevity economy. Sure, many seniors just want to live where they already are. But not everyone wants to (or can safely) age in place at their long-time homes. That’s especially true when the…
