Presentation on theme: "Over-50s Housing Trends is part of a continuous education course developed by a team of specialist editors, researchers and property experts around the."— Presentation transcript:
Over-50s Housing Trends is part of a continuous education course developed by a team of specialist editors, researchers and property experts around the world for developers, financiers, planners and industry managers. It paves a clear concise path through the thickets of information overload. All the trends canvassed have started to emerge somewhere in the world. The over-50s housing market is splintering into a hundred slivers. The certainties of the past 30 years have been shattered by generational change, and seismic shifts to the social, cultural, political and economic order. This continuous study is updated every month. It reflects change as it occurs.
25. The new spirituality Development of Maryton Grange, dubbed Europe's largest new monastery, is being built between Allerton golf course and Calderstones Park. Carmelites from across the country are expected to move there. Modern facilities, as green as possible and a wing to care for the infirm. The creation of new communities both for ageing religious and those wishing to live in a cloistered meditative environment. Diocesan Retirement Homes is a retirement village for priests in Balanga City. The retirement home can be found in a 0.5 hectare of land in Tagles Ville Jose, Balanga City. A priest's unit with two bedrooms, and a building with three bedrooms, are now set for residence while the half of the second unit serves as an administration building. The construction of the two-storey club house is ongoing, the second floor of which is planned as dormitory for young priests. Also in progress is the construction of the Our Lady of Guadalupe Chapel. A coffee shop and sports facilities like tennis and basketball courts will soon be provided for the priests. 100-year-old Carmelite Monastery in West Derby
26. Resort living comes to renters Smaller urban apartments but with grand common areas where renters can entertain and socialise. A multi-billion-dollar apartment-construction boom is under way in which developers are pulling out all the stops to cater an emerging renter cortile. The garden-style apartments of yesteryear are out. The new urban apartment buildings offer smaller living quarters along with grand common areas where renters can entertain and socialize. At the Savoye, an apartment complex near Dallas, the amenities include a resort-style pool surrounded by high-end lounge chairs lined up under oversized umbrellas. There are stainless-steel barbecue grills and an outdoor table that features water streaming down the middle and ending in a waterfall. There's also a posh poker lounge, a private movie room and a banquet room. Renters "want large communal spaces where they can gather with their friends and neighbors," said Jerry Davis, a senior vice president at Denver-based UDR Inc., which developed the 392-unit Savoye last year and is now working on a second phase of the complex, which will have 347 units. In addition, UDR is building four other communities for boomers across the country.
27. Recrafting village life The trend to revert to smaller existing communities and rejuvenate them with capital and commitment. The desire to be involved / committed to something. The rejuvenation of intimacy. Manifests itself in village ownership of Pub/Post Office. Communal fruit / vegetable production (for own use and local supply). Tree change: trailblazing social entrepreneur Charlotte Hastings has found a sense of purpose and a focus on community in the village of Caistor.
The business model supporting the Continuous Care Retirement Community has been exposed as vulnerable in a property downturn. 28. Continuous Care Retirement Community A report by the U.S. Senate Special Committee On Aging found that the financial underpinning of the country's continuing-care residential communities which basically require residents to turn over a large chunk of their life savings as an entry fee – "is particularly vulnerable during economic downturns." And a number of retirement communities have filed for bankruptcy, putting residents' nest eggs in peril. The report noted that three of the five companies it investigated – none identified publicly "use entrance fee deposits to repay construction loans" and to "repay other residents or beneficiaries rather than keeping deposits in the bank.” Even more alarmingly, according to a report titled "Risks to Seniors" by the Senate committee, one unnamed CCRC chain has refundable deposits on its books "nearly eight times greater than the entity's net worth.”
29. Care homes seek new markets The project will be advised by Deirdre Mulligan, who has a clinical background and experience with eating disorder services in New Zealand. It will look at both specialist hospital and community-based services and existing providers of eating disorder services. Clinicians, consumers, carers and non- government organisations will all be involved in developing the plan. The trend to take care / nursing / rest homes into multi-generational markets by targeting specialities. A new model for the care of people with eating disorders is being developed in South Australia. Mental Health Minister John Hill said the new model would bring SA into line with national and international best practice to ensure the very best care for people of all ages. "We want to improve the processes of referring and admitting people with eating disorders who need specialist help to ensure equitable access and to identify and help people at risk before they develop a more serious problem," Mr Hill said
30. Migration The need to spend the second half of your life differently from the first 50 years. International movement. Five per cent of over-50s migrate (180,000 over-50s UK residents migrated in 2010). Quality of life. Retirement. A new experience. Accompanying a partner. Work reasons. Relatives / family. Free of family and financial obligations. Study / learning.
31. The desire for continuous education The need for social connection (via education lite) Robert Crummey, a 74-year-old retired UC Davis dean, ticks off the ways that Davis' University Retirement Community keeps him and other residents in touch with campus life. They work as Mondavi Center ushers and docents, and they volunteer in campus research labs as well as the school's arboretum. Some, including Crummey, perform in the university chorus. Some audit classes on campus. Current UC Davis students intern at the retirement facility, and faculty members give frequent guest lectures there. Forget the notion of traditional, seniors-only, golf-based retirement communities tucked on the edges of distant suburbs. Some experts think the future of retirement living depends not on segregation but rather on social connection – specifically, what their residents have in common. "The campus effect is considerable," Crummey said. The 350 residents of University Retirement Community – which has no legal or financial connection with the University of California, Davis, itself may not realize it, but they're on the cutting edge of what the continuing-care communities of tomorrow will look like: intergenerational, intellectually challenging and smack-dab in the middle of things.
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