The Very Active Local Housing Market Is a Great Opportunity to Transition into Senior Housing!

Author

Alderman Oaks Retirement Center, Inc.

Posted on

Feb 14, 2022

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By Rusty Blix, Founder
Alderman Oaks Retirement Center, CLICK HERE TO LEARN MORE!
When the Covid-19 Virus first hit, housing sales stagnated. It appeared that there was a real chance that the housing market would freeze as it did in the great recession of 2008-2010. Now, at least for a short time, the housing market nationally (and in Sarasota) has opened up and become a sellers market (a shortage of homes on the market while the demand is high).
Having been a home builder and developer for 30 years before founding and then operating Alderman Oaks Retirement Center (23 years ago), I have watched housing markets closely for more than 50 years. The housing market is known for being very cyclical, energetic highs and then very depressed lows. During the great recession, the market was very depressed for longer than I have ever seen. When the Covid-19 hit earlier this year, the market slowed very quickly, but surprisingly has surged back to life. Right now, the market is very strong, but there is a great deal of uncertainty in the larger economy due to both the Covid-19 Virus and the November third elections.
If I were looking to sell a house soon, I would do it right now while the market is hot! Since housing is very cyclical and there has been a very long positive time frame for markets, I believe it is prudent to think that we may be near the top of the market and for sure, not near the bottom. Right now abnormally low interest rates seem to be, at least temporarily, supporting housing prices, but these rates are unsustainable in the long run.
Remember timing is everything and trying to catch the top of markets very often ends in disaster. Often people are forced to sell when it is only possible to sell with major discounting. A friend of mine, very experienced in real estate, just listed a second home in another market area and it sold in one day. This friend was very happy and knows not to be greedy.
During the great recession, I saw first-hand how devastating a situation can be when a senior who really should'nt be in a house by themselves has no choice because they require the funds from the sale of their home to support their next stage of life. I very regularly observed the situation when seniors had to sell their home, but no longer could get what they needed from the sale of their home. Often, the equity that they thought they had, totally disappeared because of the falling prices in the real estate market.
This blog combines thoughts about the economy, the housing market, and the specialized senior housing market for a very important reason. Essentially all economic advisors tell their older clients to take as little risk as they can. It is almost reckless to gamble with what is often a seniors largest asset at a time close to when they might need to rely on that asset. The days of thinking that house values only go up should have been forever dispelled with the great recession.

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Alderman Oaks

Assisted Living

Alderman Oaks Retirement ResidenceCall (941) 955-9099 | Find our Location | Contact UsHome | Rental Packages | Services | Activities | Events | Programs | Location | Site Map | ContactVIDEO TOUR & TESTIMONIALSEnjoy this 4-minute presentation covering our beautiful campus, special events, and testimonials.A Variety of Rental PackagesAlderman Oaks offers annual, relocation, respite, seasonal, and trial stays to cater to the diverse needs of our residents.Serving Very Independent, Independent with Support, and Assisted LifestylesWe provide flexible living options to suit your lifestyle, whether you are very independent, require some support, or need assisted living services.Downtown IndependenceA unique alternative for active seniors wishing to rent a condo, hotel room, private home, or reside in a 55+ community in downtown Sarasota.Transition & Respite StaysEnjoy a short-term stay in a furnished apartment with all the amenities and support of our assisted living services. Ideal for those needing temporary accommodation.What Makes Us Unique?Conveniently located in the heart of downtown Sarasota, Alderman Oaks is a privately-owned retirement residence with a family-like environment. We offer the very best in independent and assisted lifestyles.Winter Seasonal StaysA unique alternative to apartment, hotel, private home, and condo seasonal rentals, providing a warm and welcoming environment for winter visitors.Area AttractionsLocated in a quiet residential neighborhood, Alderman Oaks is within walking distance or a short drive to fine dining, arts, beaches, entertainment, theatres, and shopping in downtown Sarasota.EventsWe consistently reach out to the community and engage our residents through special events and educational programs, fostering a vibrant and active community.LocationAlderman Oaks is situated in a tranquil residential area, offering easy access to the cultural and social amenities of downtown Sarasota.Visitor PoliciesClick here for visitor policies to ensure the safety and well-being of our residents and guests.Join Our Email NewsletterStay on top of exciting news and activities at Alderman Oaks by signing up for our newsletter today.Why Choose Alderman Oaks?Convenient downtown locationPrivately owned with a home and family-like environmentActive lifestylesTrained, friendly, and happy teamCommitted group of outside healthcare professionals who come to serveCommunity outreach through special events and communicationsExperience the Alderman Oaks difference where independence, community, and quality care come together. Visit our website or contact us to learn more and schedule a tour.Contact InformationAlderman Oaks Retirement Residence727 Hudson Avenue, Sarasota, FL, 34236Phone: (941) 955-9099Website: www.aldermanoaks.com

Alderman Oaks

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Alderman Oaks Retirement ResidenceCall (941) 955-9099 | Find our Location | Contact UsHome | Rental Packages | Services | Activities | Events | Programs | Location | Site Map | ContactVIDEO TOUR & TESTIMONIALSEnjoy this 4-minute presentation covering our beautiful campus, special events, and testimonials.A Variety of Rental PackagesAlderman Oaks offers annual, relocation, respite, seasonal, and trial stays to cater to the diverse needs of our residents.Serving Very Independent, Independent with Support, and Assisted LifestylesWe provide flexible living options to suit your lifestyle, whether you are very independent, require some support, or need assisted living services.Downtown IndependenceA unique alternative for active seniors wishing to rent a condo, hotel room, private home, or reside in a 55+ community in downtown Sarasota.Transition & Respite StaysEnjoy a short-term stay in a furnished apartment with all the amenities and support of our assisted living services. Ideal for those needing temporary accommodation.What Makes Us Unique?Conveniently located in the heart of downtown Sarasota, Alderman Oaks is a privately-owned retirement residence with a family-like environment. We offer the very best in independent and assisted lifestyles.Winter Seasonal StaysA unique alternative to apartment, hotel, private home, and condo seasonal rentals, providing a warm and welcoming environment for winter visitors.Area AttractionsLocated in a quiet residential neighborhood, Alderman Oaks is within walking distance or a short drive to fine dining, arts, beaches, entertainment, theatres, and shopping in downtown Sarasota.EventsWe consistently reach out to the community and engage our residents through special events and educational programs, fostering a vibrant and active community.LocationAlderman Oaks is situated in a tranquil residential area, offering easy access to the cultural and social amenities of downtown Sarasota.Visitor PoliciesClick here for visitor policies to ensure the safety and well-being of our residents and guests.Join Our Email NewsletterStay on top of exciting news and activities at Alderman Oaks by signing up for our newsletter today.Why Choose Alderman Oaks?Convenient downtown locationPrivately owned with a home and family-like environmentActive lifestylesTrained, friendly, and happy teamCommitted group of outside healthcare professionals who come to serveCommunity outreach through special events and communicationsExperience the Alderman Oaks difference where independence, community, and quality care come together. Visit our website or contact us to learn more and schedule a tour.Contact InformationAlderman Oaks Retirement Residence727 Hudson Avenue, Sarasota, FL, 34236Phone: (941) 955-9099Website: www.aldermanoaks.com