Editor’s note: This post was inspired by a recent HousingWire interview with Cameron Carter, CEO of Rosarium Health, on why aging in place is shifting from a lifestyle preference to a financial necessity. You can read the full interview here.
Aging in Place Is Becoming a Financial Necessity, Not Just a Preference
For years, “aging in place” has been talked about as a lifestyle choice — the version where you simply prefer your own kitchen to a facility dining room. That framing is changing. In a recent HousingWire interview, Cameron Carter, founder of health-tech startup Rosarium Health, made the case that aging in place is increasingly driven by cost and capacity, not preference: skilled nursing and assisted living have gotten more expensive, and in some states the wait list to get into preferred institutional care runs two to three years. People aren’t just choosing to stay home — in many cases, they’re staying home because there’s nowhere else to go yet. [Read more…]
Using a Reverse Mortgage to Improve Your Home and Age in Place.
Recently, I spoke with a Seattle homeowner who is planning a major remodel. Like many homeowners, he initially reached out asking about a HELOC — which is often the first option people think of when they want to improve their home. They currently have a very low rate with their existing mortgage, which is one reason why they’re considering a home equity line of credit.
Low-Down-Payment Programs, Renovation Loans & Down Payment Assistance Options
