Apartment Complex Living in the Future

According to a commercial spot of the World Economic Forum (the German Klaus Schwab was the former head of it), in 2030 "you'll own nothing and you'll be happy".
 
US will start to look like China.

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VaughanJB said:
What is the advantage of owning your own home?
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The big plus, in my area, is that selling the house gives you the wherewithall to buy into a CCRC or to more easily afford other types of senior housing.

There's gardening, and space for the kids and/or grandkids to play. Space for you to play too!
Another advantage is the ability to play your music loud without disturbing the neighbors! :)
 
VaughanJB said:
What is the advantage of owning your own home?

Equity (so, a bank, basically).

Paying a low housing cost (once the mortgage is paid up)?

Being able to leave it to the next generation?

In the end, what's it all for?
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You can make your own decisions.

We've put on two additions, a patio, remodeled a few different rooms, etc.

We didn't need anyone's permission.

We wanted to do it, so we did it.

Plus, our home is worth over three times what we paid for it.

As far as what's it all for in the end, it's something of value I can leave to my kids. I've already told them it's their to do what they want.

Sell it and split the money, rent it out, move in, whatever.
 
That Lady in PA said:
The big plus, in my area, is that selling the house gives you the wherewithall to buy into a CCRC or to more easily afford other types of senior housing.

There's gardening, and space for the kids and/or grandkids to play. Space for you to play too!
Another advantage is the ability to play your music loud without disturbing the neighbors! :)
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Not a gardener myself. And there are plenty of spaces for kids to play. But yeah, at the end it's mostly about making a profit on resale, I guess.

Still, when I think of housing, it's a real shame that for many people it's about money. IMO. In my old age, I think more of community, of the importance of fashioning a life with other people, even if they're not family.
 
I looked at senior housing here about 10 years ago. They are either EXPENSIVE ($5000 a month, probably more now) or a room with just enough space to fit a bed and night table. Also, too many rules - you can't do this or that. I'm afraid I wouldn't be allowed to have my TV on at night and I need it to sleep. Also, even in a luxury apartment, there's no room for all my precious collections.
 
debodun said:
I looked at senior housing here about 10 years ago. They are either EXPENSIVE ($5000 a month, probably more now) or a room with just enough space to fit a bed and night table. Also, too many rules - you can't do this or that. I'm afraid I wouldn't be allowed to have my TV on at night and I need it to sleep. Also, even in a luxury apartment, there's no room for all my precious collections.
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Nah, my brother is in a CCRC- two bedroom cottage with a garage for ~$2000 per month.
 
My home is worth several times over what I paid for it, but that means nothing to me, because I'm not planning to sell it. Although my heirs will benefit from the increased value when they sell it, that also means little to me, since they are cousins (not my children) who already have far more money than I do, and would have no interest in living in my home.

The reason I don't sell it and move to an apartment is because I don't qualify for assistance, and an apartment that rents for $3000 today might be $6000 in a few years.
 
debodun said:
Do you think the day will come when no one will own their own house? Places like this are spouting up all over here (and this is a fairly rural area). Everyone will live in a ticky-tacky, stamped out of a mold, apartment housing. No individuality!

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You can thank your County Commissioners City commissioners and population density experts also. Because it used to be where we obviously had enough room to just have houses now we've got 150,000 people living in a spot of 10,000 so the only way to house them is to go upwards.

The real problem is that mass transit hasn't kept up and everybody squeezing in so much into one small area that you'll never have a really good system of public transit private Transit and everything available.

Not that I really appreciate them per see or their governmental ways but Europe does have a very good Railway/transit system for populace.
 
debodun said:
I looked at Coburg Village and Prestwick Chase. They don't show costs on their web pages for some reason. It would make it a lot easier.
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Sadly, that is quite the norm, as my family has found out over the years.
More often than not, you have to take the tour, talk to a resident ambassador, and eat a meal to get the information!
 
Some people like apartment living, depending on the place it certainly appeals to me. During a time in my teenage years, I watched a lot of old movies on tv, usually starring Katharine Hepburn or someone like her, of the happy young single gal with a great little job, living in a great little apartment in a great city, surrounded by everything she needed or wanted. Sounds like heaven now.
 
That Lady in PA said:
More often than not, you have to take the tour, talk to a resident ambassador, and eat a meal to get the information!
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They probably figure once you're in their clutches, it's more difficult to say "no", although no housing place offered me a meal. I had no trouble after learning a "cottage" ( a detached building away from the main housing area) would be over $5000 a month. Even I couldn't afford that when I barely net $3000 (and that has been declining every month because the value of my investments decreases). The other option was a $1500 bedroom with attached bath and no amenities. One even said I had to pay them to run a background and credit check on me. I told them, if that wanted that info, they would have to pay for it. No deal.

It took a considerable chunk of my saving account to buy the house I am in now.
 
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MACKTEXAS said:
The reason I don't sell it and move to an apartment is because I don't qualify for assistance, and an apartment that rents for $3000 today might be $6000 in a few years.
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Different part of the state, but here I qualify for Senior Apt. Living by just being over 55. … and not working, and making a salary on top of SS benefits.
My benefits are at the top of their wage scale for living here. So working would take me over, and out the door!

There is no assistance for anything. ….. again. .. SS monthly benefit covers everything. The rent goes up, but so does my SS benefit…. usually in unison :)
 
JustBonee said:
Different part of the state, but here I qualify for Senior Apt. Living by just being over 55. … and not working, and making a salary on top of SS benefits.
My benefits are at the top of their wage scale for living here. So working would take me over, and out the door!

There is no assistance for anything. ….. again. .. SS monthly benefit covers everything. The rent goes up, but so does my SS benefit.
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Sometime ago, I looked into renting but I would get no assistance either due to savings in the bank. I'm not rich by any means, and I hope to have enough money to last through retirement. I may not if I had to pay $5000 a month rent.
 
We were driven from born and raised state of Texas due to the price increases of apartments. We had a nice mobile home years ago, but finances got bad so we moved into apartments.We lived 9 years in one and 11 in the other. The big ice storm in Texas is what started it for us. Our 938 sq ft apt 2 bedroom and 2 bath - large closets were going up $500 a month.This was not a fancy place but very well maintained and it was gated with trees and few perks. There was no way would could afford that increase, so started looking and was shocked at prices .
Not only that ,but new apts. were much smaller and had big prices. We were offered a good deal on the 106 yr old house we live in, so we moved to Kansas.
 
debodun said:
Do you think the day will come when no one will own their own house? Places like this are spouting up all over here (and this is a fairly rural area). Everyone will live in a ticky-tacky, stamped out of a mold, apartment housing. No individuality!

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At this rate, we'll all be living in copy-paste condos, where the only thing that changes from unit to unit is the Wi-Fi password. Individuality? That's now measured by which IKEA lamp you choose for the corner. But yeah, give it a month and someone’s got flamingos and fairy lights on the balcony, and a cat judging you from the window. Individuality always finds a way … usually with a doormat that says "Go Away".
 

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