A very nice senior housing development was built not far from where I currently live. It has single homes, condos, and apartments. I got some information and found out that for the apartments, depending on the size, you have to put down $114,000 and then the monthly fee is $1,342. I was wondering if anyone here has explored these type of deals and what the pros/cons are. I imagine that the monthly fee, which covers all utilities and other amenities, will increase every year.