Quote:
Originally Posted by Biggd
This couple picked this particular facility because it was close to their children.
I know this is off topic, but this is what many elderly owners face when taxes go beyond what is affordable to them even though they own the property out right and waterfront is not a priority any longer.
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I'm pretty sure my parents live in this very facility--Brooksby Village? With all due respect, your posts are a tad misleading. The target Brooksby buyer is moving in because they are no longer able/willing to maintain their house. The basic economics are that you sell your home and use the proceeds to buy a condo. As noted above, your children sell the condo at a controlled price when you die. You're not going to make $ off your condo, but this is not an economic hardship, it's just being old. So unless the couple is different than the typical Brooksby buyer, I think this is different than being forced off the lake due to taxes.
Brooksby is a very nice place for folks no longer able to maintain a house, and as noted above, they have various levels of nursing care available. Plus good food and social stuff--it's kind of like a college dorm for old people