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URL:  https://boards.fool.com/do-you-live-there-congratulations-how-do-you-34365129.aspx

Subject:  Re: Retirement housing glut? Date:  12/14/2019  3:09 PM
Author:  mendomann Number:  21609 of 22253

Do you live there? Congratulations! How do you like it?

We have friends who live in Stoneridge Creek in Pleasanton. Being in the Bay area, it is naturally expensive. (I would guess Santa Rosa is expensive.)

The same group has a brand new one (La Costa Glen) in Carlsbad, and another (Reata Glen) in San Juan Capistrano. We interviewed Reata Glen before it was finished. They looked at our financials and sniffed maybe we should consider a one bedroom unit instead of two.

I understand when a facility is new, it will be populated mainly by younger people and the waiting list is longer. Over time, the age distribution will smooth out.

CNC


We have been here 4 years and like it very much. If you are considering a CCRC I suggest that you pick one that is non-profit. For-profit places have to answer to stockholders. Spring Lake Village is run by Covia a non-profit. https://covia.org/
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