Sunday, November 23, 2008

In Housing Slump, Elderly Forgo Assisted Living

from The New York Times:

Maybe a reason for more in-home supports!

The housing crisis has kept thousands of older Americans who need
support and care from moving into retirement communities or
assisted-living centers, effectively stranding them in their own homes.

Without selling their houses or condominiums, many cannot buy into
retirement homes that require a payment of $100,000 to $500,000 just to
move in. So they are scratching themselves off waiting lists, canceling
plans with packing services and staying put, in houses that fit well 30
years ago, but over the years have become lonely, too large or too
treacherous to navigate.

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