jonat
Recycles dryer sheets
Do these CCRC places ever go bankrupt? I bet if I bought in, the minute I need a step up in care they would go bust.
Even if they don't go bankrupt, they can change owners and that can change life significantly for the folks who live there. My aunt and (very recently deceased) uncle bought into a Florida CCRC about 15 years ago. This is the sort that's like a big apartment building. It's good for them, in that they have always been apartment dwellers, but it would drive DW and I crazy in no time flat.
An issue is that the facility has gone through a series of owners, some of which would defer maintenance and shut out the voices of the tenants. Things are a bit better now, but every time I visit them I'm reminded why I would never choose to live in such a place.