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Old 11-09-2009, 09:15 PM
 
4,948 posts, read 16,524,306 times
Reputation: 2866

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What with this economy is going on when people paid lots of money up-front
to live in a life care community? Now they have aged, and these place
will not give them money back. In the new ones because the money is used,
to build and the people who wish to leave need to wait well the builder does focus on his inventory. Aging in place and the life style for many now is
not looking so great. Erickson now is in trouble and many there who did buy
and see the dream gone.
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Old 11-09-2009, 10:07 PM
 
5,090 posts, read 13,547,490 times
Reputation: 6928
It is the old adage "if it is too good to be true..." People get enamored by all the marketing and glitz from these private companies. When, Erickson was coming into Denver, they send me all the marketing material, month after month. I looked into it and recognized the big risk in this financial arrangement. I tried to warn and discuss the problems with others but they were "glassy eyed" with all the glitter.

I would never buy into any retirement community because I want to be flexible and free. As I get older, I do not even want to own a house--it becomes restrictive because it takes time to sell. I own a house now, but as time goes by and I have more health problems, I will sell and live easier as a renter in the various options of senior housing. If I do not like the senior community, then I can easily move to another one.

To tell you the truth, I do not want to own anything anymore. I want to get rid of my car and all the junk that I have accumulated in life. I want no concern about fixing and maintaining this and that...I want to get up and go with as little as possible. I have learned that I do not own possessions, they own me.

Livecontent
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Old 11-10-2009, 12:13 AM
 
4,948 posts, read 16,524,306 times
Reputation: 2866
Quote:
Originally Posted by livecontent View Post
It is the old adage "if it is too good to be true..." People get enamored by all the marketing and glitz from these private companies. When, Erickson was coming into Denver, they send me all the marketing material, month after month. I looked into it and recognized the big risk in this financial arrangement. I tried to warn and discuss the problems with others but they were "glassy eyed" with all the glitter.

I would never buy into any retirement community because I want to be flexible and free. As I get older, I do not even want to own a house--it becomes restrictive because it takes time to sell. I own a house now, but as time goes by and I have more health problems, I will sell and live easier as a renter in the various options of senior housing. If I do not like the senior community, then I can easily move to another one.

To tell you the truth, I do not want to own anything anymore. I want to get rid of my car and all the junk that I have accumulated in life. I want no concern about fixing and maintaining this and that...I want to get up and go with as little as possible. I have learned that I do not own possessions, they own me.

Livecontent
Now, the people who did buy, and are in so called limbo with not a way out.
They also did send me all this, but it was way to high for me and they did not
offer the try it to see if you like it deal just come for a lunch and buy?
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Old 12-01-2009, 05:51 PM
 
51 posts, read 99,937 times
Reputation: 56
Quote:
Originally Posted by livecontent View Post
It is the old adage "if it is too good to be true..." People get enamored by all the marketing and glitz from these private companies. When, Erickson was coming into Denver, they send me all the marketing material, month after month. I looked into it and recognized the big risk in this financial arrangement. I tried to warn and discuss the problems with others but they were "glassy eyed" with all the glitter.

I would never buy into any retirement community because I want to be flexible and free. As I get older, I do not even want to own a house--it becomes restrictive because it takes time to sell. I own a house now, but as time goes by and I have more health problems, I will sell and live easier as a renter in the various options of senior housing. If I do not like the senior community, then I can easily move to another one.

To tell you the truth, I do not want to own anything anymore. I want to get rid of my car and all the junk that I have accumulated in life. I want no concern about fixing and maintaining this and that...I want to get up and go with as little as possible. I have learned that I do not own possessions, they own me.

Livecontent
I am soo with you!!!
Once I sell ...never again will I buy.
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Old 12-02-2009, 10:05 AM
 
Location: Oxygen Ln. AZ
9,321 posts, read 16,580,637 times
Reputation: 5692
If we do not build our very small cottage, then we plan on renting for the rest of our stay on planet earth. I would never pay upfront for an assisted living development. What if they go bankrupt? Lots of these places are hurting with the downturn.
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