Is Now the Time to Buy into a Retirement Community

Category: Retirement Real Estate

June 27 — Identifying the bottom of a real estate cycle is a trick that is just about impossible to master. We at Topretirements have been exploring this question for over a year now, wondering if it is finally the right time to buy into a retirement community or active adult community. Unfortunately, there is no definitive answer in sight. Today’s New York Times article, “Retirees Find the Time May Be Right to Buy“, examined this question, profiling the experiences several retirees had as they explored the retirement community real estate market. (more…)

Posted by Admin on June 27th, 2008

New Assisted Living Resource Debuts –

Category: Eldercare

June 24, 2008 — Baby boomers fortunate enough to still have living parents gained a new resource today, This new online resource can help adult children find the best assisted living, eldercare, independent living, CCRC, and nursing home facilities for their loved ones. The website is a sister site to, serves a similar audience, and has a site structure that will be very familiar to visitors of that popular online retirement community resource.

As a welcome to the site visitors can download a useful free eBook, “The Practical Guide to Selecting Eldercare Facilities“. This new assisted living resource features a variety of helps for children of elders, as well as seniors who are looking for the best assisted living and retirement home resources. (more…)

Posted by Admin on June 24th, 2008

The 10 Brainiest Retirement Communities

Category: Best Retirement Towns and States

While some might think this list is primarily for eggheads, consider for a moment the popularity of college towns for retirement. Increasingly retirees want to retire to a place where they can keep their brain engaged. This list from U.S. News & Word Report gives you some “brainy” places to consider.

Here are U.S. News’ brainiest places to retire:

* Ann Arbor, MI (more…)

Posted by Boomer1 on June 10th, 2008

Active Adult Communities Roll Out Incentives

Category: Active adult communities

Developers of active adult and over 50 communities are fighting back against the real estate slowdown. Their imaginations have been working overtime to come with new and exciting incentives to bring prospective buyers back into their communities. Obviously, lowering prices is a tactic used by most. Indeed the average price of new units sold at Toll Brothers and other builders is down significantly. But many developers are also focusing on the key problem facing buyers of active adult communities – they can’t buy a new home because they can’t sell their old one. Check out some of the ideas we have heard about in the last few weeks:

Buy 1, Get 1 Free
We’re not kidding, a California builder, Michael Crewes Development, is actually offering this deal. Buy one house, get a 2,000 sq.ft. cityscape row home worth $400,000 for free. So what about the house you have to buy? (more…)

Posted by Boomer1 on June 4th, 2008

Home Owners Association Foreclosures and Foreclosure Tourism

Category: Active adult communities

About 60 million Americans live in buildings controlled by home owners associations (HOAs), according to the Community Association Institute. Now, as the real estate crunch moves into a new phase with more strapped owners who can’t make their mortgage or maintenance payments, HOAs are being forced to foreclose to protect their interests.

The problem is worse in older condominium associations, especially those that have been poorly run. Suddenly facing large maintenance bills some HOAs have to send out hefty assessment notices, but unfortunately many owners are not in a position to pay. (more…)

Posted by Admin on June 3rd, 2008

Active Communities – Better to Rent or Buy?

Category: Retirement Real Estate

May 30 — For as complicated a question this is, it is amazing how strong the opinions are. The one thing that is clear is hindsight – if you lived in the markets hardest hit by the housing crisis over the last 2 years (Phoenix, Las Vegas, South Florida, and parts of California), renting would have been the superior option. Your living costs would have been lower, and you wouldn’t have lost any capital.

Articles in the New York Times and explored the issue this week. The Times article on “Committed Renter Decides to Buy” used the concept of rent/purchase ratio to try to get a handle on the question. The ratio is basically the price of a typical house divided by the annual rent – and the higher the number the more you should consider renting. (more…)

Posted by Admin on June 3rd, 2008

Housing Slump Postpones Moves to Retirement Communities

Category: Financial and taxes in retirement

Thousands of retirees are having to postpone their planned moves to retirement communities – a different kind of housing crunch victim. Many have selected the active adult community or CCRC of their dreams, only to find a big catch – they can’t sell their primary residence, which is how they will fund their new home or entry fee into a CCRC (Continuing Care Retirement Community).

Topretirements has heard much anecdotal evidence from various CCRCs about this phenomenon. In fact many continuing care communities are experiencing a sales slowdown for this specific reason. Buyers are ready to move in, but they don’t have the cash on hand to complete the deal. Realtor Magazine recently wrote on the subject as well. One of the problems with the issue is many retirees only want to sell if they can realize 2005 type prices – accepting anything less seems like some sort of defeat. Unfortunately that is the state of the current market – prices are off at least 20% in many parts of the country, and probably won’t be headed higher for some time to come.

Posted by Admin on June 3rd, 2008