A Retirement Community on a Yacht
How would you like to move into a retirement community that happens to be on a yacht? That’s what some people are doing, reports CNBC.com. But, as you might guess, a room comes at a cost.
The World of Residency is a privately owned luxury yacht with 165 residences that sails the world. And a studio can cost $600,000, says Jan Cullinane, author of “The New Retirement: The Ultimate Guide to the Rest of Your Life.” Monthly fees are steep — running up to $20,000 for full-time residents, she adds.
Still, it sounds pretty cool, huh? The article is about niche retirement communities in general. Though these theme-based communities seem like neat ideas, the article notes:
Communities with themes that are too narrow require extra scrutiny, says [Andrew Carle, director of George Mason University’s senior housing administration program]. If you’re buying into one, think about your ability to resell it, he adds.
Another down side is the lack of diversity you may find.
You can see what kinds of retirement communities are available in your area here.
Leigh Ann Otte is a freelance writer who specializes in health and aging issues. She covers finding and paying for senior care for OurParents. If you have any questions about this post or need help finding senior-care options for a loved one, call 1-866-483-4896 to speak with a care advisor in your area.