CCRCs and Problems: Much Ado About Likely, Very Little [click to read more]
A product that has seen its share of struggles in the economic downturn is entry-fee CCRCs. To clarify, not all CCRC models are struggling and not even all entry-fee based CCRCs are struggling as certain regions have seen less housing market fall-out and concurrently, operators have done the right things to keep their census stable during the “down times”. Where problems have cropped-up is in new primarily new, unstabilized developments, CCRCs in markets where housing sales are significantly depressed, and in larger suburban and urban market locations where options within the price range are plentiful.
Tuesday, July 13, 2010
Demand for high-end senior housing is 'elastic' - especially CCRC's
I just found this perspective (from last year) that links housing market woes to relative strength or weakness for the Continuing Care Retirement Communities in any particular region...