Continuing Care Retirement communities, senior residences - - what do you think?

[Tomconroy]

6. If you go to assisted living try to find one that is nonprofit.

The nonprofits are often run by churches or organizations like the masons but will often take anyone.
Most for profit assisted living places are owned now by hedge funds that relentlessly raise rents every year and charge high prices for services they determine you need. If you run out of money you will end up on the streets or at least on Medicaid and a nursing home.
Unless you can afford the continuing care facilities there aren't a lot of good choices. I suspect many will have to go the Medicaid route so it's probably wise to do some planning with an elder law attorney five years in advance, at least. Medicaid rules are complicated and vary between states.
This issue is going to hit hit the baby boom generation like a ton of bricks.
There is a continuing care facility here near New Haven called Whitney Center. People come from all over the northeast to live it it. It was founded as a retirement home for Yale faculty and is a nonprofit. Living facilities vary from studio apartment to multi bedroom apartments as large as my house. Prices vary depending on the size of the apartment. If you can afford it, it's great. It's also the facility that democrats go to. There's another luxe one in the area for Republicans. I'm not joking.