The elder care industry is booming and thriving and I'm finding this disturbing, particularly when so many of our elders are ending up destitute because of the obscene cost of nursing homes. Very few couples are able to put aside enough to cover an extended nursing home stay. Just one year would wipe out a lot of peoples life savings. Extended care insurance is out of reach for most people I know and from what I read it's not that great anyway.
Rather than giving into resignation and resentment I have decided to think outside the box for my husband and myself. It's too late for my parents but maybe not us. I have heard of Senior cooperative housing and care models and would like to know more. I'm talking true cooperatives managed and run by the members. If anyone has any info on this i would love to hear it.
•Most villages are opening in more upscale neighborhoods in cities and suburbs, but they all provide discount dues for lower-income elderly.
Here's their website: vtvnetwork
seniorliving/lifestyles/senior-cooperative-housing/
TMB, get a cup of coffee or glass of lemonade - you can spend quite some time checking out all the hits for cooperative senior living. I think this is what you're referring to.
It's Beacon Hill Village in Mass.
beaconhillvillage/content.aspx?page_id=22&club_id=332658&module_id=75811
There were 2 other communities referred to in the article I found, but Beacon Hill appears to be the only one with "members" who have a say in activities, etc.
Thanks, Babalou, for that good reference.
Older Women's Network Inc.
Other: Life Lease Properties
I'm aware of retirement communities with minimum age limits, but I'm not sure how the management issues are handled.
Didn't find anything in a quick search, but I did find something which I thought was really tactless and insulting. A representative of ProMatura Group, a market research firm in Oxford, Miss., commented that today people are not looking for a "geezer ghetto". Wow. I think that's pretty insulting.
I hope that firm calls me someday for one of their market research products and I'll have more than a few choice words to say to them.
I'm not trying to be sarcastic,but the challenges are endless. You saved all your LIFE for a rainy day. Why are you not willing to spend it on your little selves?