Shrinking Inventory and Rising Mortgage Rates are Creating “a New Housing Crisis” for Boomers Looking to Downsize

As today’s boomers hit retirement, more and more are grappling with the question, “Do we downsize or do we age in place in our current home?” As this just-published Bankrate article makes clear, the choice isn’t quite that clear. “Baby boomers are struggling to downsize,” the article warns, “and it could create the next housing…

Reverse Mortgages are “Underutilized,” Forbes Magazine Reports, and They Deserve a Second Look

It’s always a puzzle to us when some people seem to have the solution to their financial problems in retirement right under their noses – yet they fail to take advantage of the situation. Whether out of fear, misinformation, or sheer inertia, they shy away from the one thing that seems perfectly suited to their…

If You’re Thinking of Downsizing for Retirement Living, Plan Ahead and Do it Right

Downsizing – moving into that smaller, better-organized, better-located retirement residence that’s just right for you as you age – is a popular topic these days. We’ve presented dozens of articles here on the AgingOptions blog about where and why to downsize. But here’s an article we’ve found on the MarketWatch website that we think does…

Reverse mortgage illustration

It’s Not Just Seattle: U.S. Housing Market Sees “Dark Clouds,” Creating Potentially Ideal Conditions for a Reverse Mortgage

Just last week here on the AgingOptions blog, we wrote about some bad news for home sellers, and good news for home buyers, in this article recently printed in the Seattle Times.  “As sales plunge,” read the headline, “King County home inventory has biggest jump on record.” Now as we’ve dug more deeply into this…

Your Loved One is Facing Eviction from an Assisted Living Facility. What Are Your Options?

If you live in an assisted living facility, or have a loved one who does, you’re part of a growing group of Americans – currently about three-quarters of a million – who are healthy enough to live more or less independently but need some help with activities of daily living. This assistance can take the…

Senior housing will be a problem in the future.

Can Your House Accommodate You as You Age in Place? This Washington Post Article Shows You How

It has been quite a while since we’ve written on the AgingOptions blog about some of the specific ways people are modifying their houses to make it possible to age in place. For that reason, and because this is a topic we get questions about frequently, we were immediately interested in this timely article from…

Assisted Living is Ideal for Many Seniors, but Complaints About Quality of Care are On the Rise

Last fall, in its October 2017 issue, the authoritative magazine Consumer Reports ran a very intriguing and insightful cover story. The photo showed the hand of a frail senior being tenderly held by a much younger hand, beneath the headline, “Who Will Care for You?” The subtitle said, “Understanding the facts about elder care and…

Harvard Study: U.S. is Unprepared for Looming Crisis in Senior Housing

Nearly three-quarters of senior Americans want to live in their own homes as they age – but less than one percent of American housing stock is properly equipped to accommodate them. That’s just one finding that grabbed our attention from a comprehensive study by Harvard University called “Housing America’s Older Adults.” It’s a long report…