Man plans to live at Holiday Inn instead of nursing home because it's cheaper

[NJCher]

54. highly dependent on the actual structure

the prices range from high to low, depending on the real estate and the place where you locate. Some places, like high tax states like NJ, will have higher real estate prices yet there will be quite an array of services that you won't get in low-tax states like an Oklahoma. An example is that here we have buses that go all over town for seniors. There is gov't sponsored senior living in high rises that are actually quite nice. I know our northeastern states get a bad rap because of taxes, but I have heard of seniors who moved out of the area and returned because the low-tax states offer virtually nothing in terms of services.

We have a senior tax freeze here, also.

But back to the cooperative living situation--That's the good part about this solution: there is a high degree of flexibility on cost.

The solution is overall much lower than assisted living because residents collaborate on the running of the house. Some people are good at certain tasks and take these on as part of their living arrangement. Some people can clean, others make repairs, etc. It is a good solution because the longer a person can provide for themselves, the better their morale.

There are companies who do this, but there are also ad hoc type houses where the seniors all know each other and go in on the structure together.