Senior housing booms as cities age

  • Article by: JANET MOORE , Star Tribune
  • Updated: June 30, 2013 - 11:28 PM

Builders rush to meet demand for units with amenities for the active.

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lubug2Jun. 30, 13 9:14 PM

"Every day between now and 2031, about 10,000 baby boomers across the country will turn 65 — a salacious demographic for the $250 billion senior housing industry." Really? I think you mean "tempting" or "profitable." Dictionary dot com defines "salacious" as "lustful or lecherous." If the boomers are salacious, senior housing isn't necessarily going to take care of the problem, is it?

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jeffportJul. 1, 13 4:30 AM

@ Lubug2 - (characterized by lust; "eluding the lubricious embraces of her employer"; "her sensuous grace roused his lustful nature"; "prurient literature"; "prurient thoughts"; "a salacious rooster of a little man") It's a decent word to cover what the writer meant I think. I'm 48 so lets get these facilities built folks!! Hey, maybe Mr. Obama can use tax dollars to get the projects going!

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annaamJul. 1, 13 5:48 AM

Looks like all seniors will be living in the west metro.

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CATWOMAN65Jul. 1, 13 7:01 AM

start early looking for what you may want to do when leaving your home.I have found this to be a very hard task when at 75 I am thinking about selling my home. Hours on the computer have led me to some places out side of the cities. I prefer to be away from crowded area's and love a more rural , small town setting. Its not a easy job finding a place.

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shakoladyJul. 1, 13 7:43 AM

I'm very encouraged to hear that builders are taking an interest in this demographic. One piece of information that was not included in the article was the cost of renting a unit in one of these senior-focused buildings. My siblings and I have been searching for years now for a clean, safe 55+ building in the southwest metro that would be affordable for our parent, who lives on a very small fixed income. $300,000 treadmills are nice, I'm sure, but there is, and will continue to be, a need for affordable, clean and safe housing in the suburban metro for those who were amongst the working poor during most of their careers and cannot afford rents that are double their Social Security income.

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carlyt1Jul. 1, 13 8:12 AM

Housing is one of the many areas of interest to seniors and retirees. I just came from the site retirementandgoodliving that has information and posts about many of these topics including retirement locations, travel, hobbies, volunteering, etc. Good reading.

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cinemajayJul. 1, 13 8:39 AM

Been helping my mom get ready to move into one of the senior livin centers in the Twin Cities, which has so far been a very daunting task. Most places have no openings, except for the most expensive suites. The waiting lists are miles long and now they're all charging just to fill out applications. What a racket!

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rlwr51Jul. 1, 1310:39 AM

“You see people looking at senior housing as a type of development that can get done, even if economic times are challenging,” he said. . . . . . . . . . . .You can get government susidies for senior housing - that's why.... What about all the senior units that got put into those high rise condos (High-end condos on top with a view, (susidized) senior living in the middle and commercial on the bottom?

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rlwr51Jul. 1, 1310:50 AM

The cheaper and smarter thing to do would be to build a smalll unit onto your own house ( or your son/dsughter's house) rather than shelling out $300,000 for an apartment. Let your kids move into the main house - you can babysit while able, then the grand kids can live in that unit after you're gone.... The babyboomers might just think of their own alternatives. I predict the reurn of commune style living for some of these old hippies.

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fwallenJul. 1, 1311:58 AM

The developers may be enamored with the "demographics". But they better temper their enthusiasm. Every senior considering a move has the whole country or world as an option. Quite a few of my colleagues and friends are leaving the land of 10000 taxes. I'm one of them. Sell my house and I'm gone

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