Category: Finance
LAI MEETING – APRIL 19, 2023 CHALLENGES AND DEVELOPMENT OPPORTUNITIES FOR MD CONDOS USING HIGHFIELD HOUSE AS CASE STUDY
On June 24, 2021 the 12-story, 136 unit, Champlain Towers South condominium in the Miami, FL suburb of Surfside collapsed. The collapse took only 12 seconds, killed nearly 100 people, and was among the worst structural failures in US history. Factors being investigated as causes for the collapse: long-term degradation of reinforced concrete structural support in the…
COVID-19 Vaccine Could Boost Seniors Housing Occupancy in 2021
This week we received preliminary very positive news that the Pfizer/BioNTech COVID-19 vaccine is 90% effective and that Pfizer could apply for emergency use approval by the end of the year. On October 22, 2020, the Department of Health and Human Services (HHS) announced HHS’ partnership with CVS and Walgreens to provide the COVID-19 vaccine…
Slow 80+ Pop Growth, Elevated Construction Spark Concern For Seniors Housing
Cited In Senior Care Investor Podcast I am republishing this blog post, originally issued in December, 2015, because it was recently cited in a podcast by Steve Monroe, Editor of Senior Care Investor, a well regarded industry newsletter, as being prescient about predicting issues being faced by senior housing and care facilities today. Background I have been…
Wall Street Journal Recommends Financial Advisor For Retirees
I continue to find the Wall Street Journal one of the best sources of financial advice for seniors. In the “Ask Encore” column on Monday, October 31, 1017, Glenn Ruffenach recommends that retirees retain a financial advisor, despite fees that can run to 1% of assets. While some retirees have the skills and time to manage…
Financial Planning For Retirement
As with most articles on my blog, this one started with a conversation with a friend. The friend recently turned 60 and is starting to seriously think about retiring from a professional position. He is thinking about a range of options: fully retiring at age 62, shifting to part-time with his firm and delaying retirement…
Staying At-Home With Care Exceeds Cost of A Senior Housing Community
EXECUTIVE SUMMARY Most seniors and their families see the monthly cost of a senior housing facility as much higher than the monthly cost of living at home with family care, or even with part-time or full-time home healthcare. But the math that most seniors and families use to make this comparison assumes no implied cost…
The Cost of Care
Raw Cost of Care The chart below shows the average monthly cost of care for skilled nursing (nursing home), memory care (dementia), assisted living and independent living facilities in the Baltimore/Washington region for 2015. It also shows the cost for 24 hour / 7 day a week home health aide care and 24/7 home…
The Government Will Not Pay For Your Long Term Care
Too many middle and upper income consumers still believe that Medicare, Medicaid or some other government program will pay for their long term care or the long term care of other elderly family members. Medicare, the Federal healthcare program for those age 65 and over, pays for hospital care (Part A), physician care (Part B)…
To Stay or Move – Adapting An Existing Home vs. Moving To Seniors Housing
On Monday June 6, 2016, The “Ask Encore” column by Glenn Ruffenach in the Wall Street Journal responded to a question from a reader about “what features, at a minimum, should be added to our current home or incorporated in a new home so that we can stay in our home as we get older.” …