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URL:  https://boards.fool.com/vermonter-when-we-see-prices-like-8000--34363289.aspx

Subject:  Re: Retirement housing glut? Date:  12/11/2019  8:47 PM
Author:  CountNoCount Number:  21603 of 22172

Vermonter: When we see prices like $8,000 - $12,000 per month for "retirement living", we wonder: Can so many people afford that? How many retirees have incomes in the, say, $150,000/year range? Nobody we know, but I guess we don't travel in the "right" circles.

The one we plan on using is a bit over $5200 a month for a 2 BR apartment. Includes room (with weekly cleaning) and board, local transportation, and the like. Others we have seen are generally more, especially for the newly built ones. (They to seem to be more lavish.) If we need extra care (read assisted living) there will be a charge for that, if and when we need it*. If skilled nursing is needed, there is a big increase, which may be partly paid by medicare.

CNC
*assistance ranges. Do we need help to remember to take our meds? Do we need help bathing? Getting dressed (and undressed?)
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