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Where do you want to grow old?
Aging Well | Last Active: Oct 15 9:41pm | Replies (267)Comment receiving replies
Sounds ideal; or what my wife and I are looking for. How did you find it and how much did it cost you for your share, or rather, what would the buy-in range be? What do you share in common with the members of your facility? Major differences? I can still afford to buy a house on the G.I. Bill, but with Parkinson's I doubt I'd be able to turn it into a self-sufficient property: greenhouse for year-round food, water collection facilities, off-the-grid power, and other modifications and repairs.
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I found it because it was advertised in my community. You can find senior Cooperatives by googling it. They are everywhere in MN. I do not know about other states. I have been here now for 10 years. My initial purchase of a membership was $70,000. My share is now worth $114,000. I pay a carry charge every month of $1200 which covers our mortgage, reserves, and maintenance costs. The buy in cost will vary depending upon where you live and the quality of the cooperative. We all have our individual units and share common spaces such as gathering rooms with kitchens, exercise room, craft room, and library. We have ethics for behavior in the building. Most people are very friendly. The only major difference is politics of course. We simply do not argue about it. I would encourage you to find Cooperatives in your area. It does take time to understand the concept. Best wishes to you. Diane