Here’s the overview:
Continuing care retirement communities (called “CCRCs” by industry insiders) are retirement communities that offer multiple living options (independent living, assisted living, and nursing). In exchange for an entrance fee and ongoing monthly fees, CCRC’s agree to care for residents for the rest of their lives.
Written by a former senior housing consultant, Continuing Care Retirement Communities: An Insider Tells All is a sweeping overview of the popular senior housing product. The book shows you:
- What services are offered for seniors
- How to find communities in your area
- What to look for during your visit
- How to read the contracts and disclosure statements
- Why some communities go bankrupt
- Some warning signs for potential residents of CCRC’s
The second edition has been updated and includes three new chapters: the financial analysis of CCRCs, how to learn about quality of care at a CCRCs nursing home, and the state of the senior housing industry since the recession.
You deserve the best coach when searching for the community of your dreams! Continuing Care Retirement Communities: An Insider Tells All shows you the good and the bad in the industry and offers advice on how to make the most of your move into senior housing.
Here’s the preface:
[Note: I have decided not to publish a paper copy of this book for a few reasons (mainly that it’s expensive and time-consuming). If you would like a paper copy, shoot me an email, and I’ll figure out a way to send you a file that you can print from the comfort of your home.]
You’re reading a second edition of my book. Why did I feel the need to put together a second edition? Well, some things have changed over the past few years:
- I’ve found a new (and better) source for nursing home information.
- Improvements in the economy have flowed over into the retirement industry, and consequently, senior housing is doing well.
- Hedge funds and other institutional investors have gotten more involved in senior housing.
- Readers have written to ask me questions that I feel should be covered in a new edition.
As a result, I’ve added three new chapters and updated the entire book with information pertinent to today’s economic market.
I am also going through some personal changes that make 2015 a good year to rerelease my book. I’ve been writing about the senior housing since 2011. I initially scheduled one article a week, but, frankly, senior housing doesn’t move that fast. After a while, I got a bit tired of writing the same stuff over and over.
Plus, I’ve always liked digging deeper into intellectual topics and have been doing so in my spare time. In 2014, I started taking higher-level math courses on the side, and as of August 2015, I’ll be starting a PhD program. It will demand a great deal of my attention. Thus, in preparation for that transition, I want to give my readers a fresh look at senior housing before crawling into the cave that is my new PhD office.
In this updated edition, you’ll find all of the same information that was in the original: information about how to find retirement communities, how CCRCs fees and contracts work, how to negotiate for upgrades, and what happened during some of the industry’s biggest bankruptcies.
I’ve also added more information to help readers who have questions about their move to senior housing: a financial perspective on the costs of moving to senior housing versus staying at home, some good advice on learning about nursing homes in your area, and an update on the aftermath of the 2007 housing crash and how it impacted CCRCs.
While I probably won’t be writing for SeniorHousingMove.com or releasing books after 2015, I’ll still have my email, Virginia@SeniorHousingMove.com, and I’ll keep the site up and available. If I see anything that’s incredibly interesting or that seniors need to know, I’ll add a post. But, frankly, most of what you need is either in this book or on my website. I don’t anticipate that the industry makes a huge shift any time in the near future.
If you have questions, please email me. I like helping people, and I don’t mind fielding a few questions now and then about how to find a good community.
I have enjoyed my years at SeniorHousingMove.com, and I appreciate all of the comments that I’ve gotten from my readers over the years. I hope that I have helped you find the best place to spend your retirement years.
May 1, 2015