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Real Estate
The Real Estate Adviser |
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June 30, 2005
The Real Estate Adviser: Just don't call it 'senior housing'
By TOM KELLY
Real Estate Editor
Real Estate Editor
What's an attractive living option for an elderly home owner who is house-rich and cash-poor, yet cannot afford to sink all the equity of the family home into a newer, maintenance-free house or condo with people their own age?
Builders and developers in many areas of the country have begun to explore active living rental communities. These upscale apartment buildings have elegant entries and comfy common areas in neighborhoods where rental housing would accommodate long-time local residents who no longer choose to own.
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Previous columns:
- The Real Estate Adviser: Bigger than Boomers: Here comes Gen-Yers, 06-23-2005
- The Real Estate Adviser: New housing market worry: 'Hidden supply', 06-16-2005
- The Real Estate Adviser: Boomers have more surprises for builders, 06-09-2005
- The Real Estate Adviser: Selling to boomers? Shift your strategy, 06-02-2005
- Tom Kelly: Deferring your gains? Thank T.J. Starker, 05-26-2005
- The Real Estate Adviser: New wrinkle in sales: the reverse exchange, 05-19-2005
- The Real Estate Adviser: Cash-out can leave seniors in the lurch, 05-12-2005
- The Real Estate Adviser: How to finance a home in Mexico, 05-05-2005