Just ran across this feature at ASU for retirees. Seems interesting.

https://www.insidehighered.com/news/2019/01/09/high-demand-retirees-live-campus-arizona-state-university

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The residents won't be typical college students, however -- they'll be people in their 60s, 70s and up. The housing complex on the university's Tempe campus will be a retirement community with a twist -- the residents will be able to take classes, make use of campus facilities such as the library with university-issued ID cards and immerse themselves in university life as much, or as little, as they like. They'll also be encouraged to mentor and build relationships with younger students.

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Residents pay a "buy-in" fee starting at $378,500 for a one-bedroom unit and up to $810,200 for a two-bedroom penthouse. Residents also pay a monthly fee of between $4,195 and $5,570. When residents die, 85 percent of the buy-in fee is refunded to their heirs.

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It is a good idea but it had better be a SNF for that kind of money.

Sounds like maybe @ ASU's Mirabella:

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The 20-story building will contain 304 apartments and cater to residents with varying health needs -- from independent living to round-the-clock care. In addition to fine and casual dining rooms, the complex will have a cocktail lounge, a fitness and aquatic center, an art studio, an art gallery, a beauty salon and spa, a library, an auditorium, several game rooms, a woodworking shop, and classroom space.

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This sounds like a marginally better idea than the ill-fated Okie State "Gift of a Lifetime" thing, but only marginally.

Picard said:

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I'm never going back to Walton, certainly not to die there!

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I-Ramp rules... Best dorm room on campus...

PlanoAg98 said:

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This deserves significantly more stars!

Almost as good as State's baseball lofts for $45k per season.
MS St lofts

toolshed said:

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Good gravy!! $400-800k up front, plus 4K-5500 a month!! To live with and intermingle with woke college kids?

Ima say nah!

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Looks like a way for the developer to get quick funding. I would be more concerned with the $5k a month in fees, but not sure how that compares to a senior living facility.

The up front payment is basically a loan and 85% goes to the heirs. Someone that is more educated in elderly care can help me out, but I think that you have to have a lower net worth for medicare to cover your senior living expenses. This would be a way to fund the developer while allowing the renter to get money from the government to pay their monthly fees. Then years down the road you get 85% of investment back. This would not be wise for someone on death's door, but I could see some potential financial benefit for a 65 year old that is relatively healthy and just wants to go to college sporting events every night and have a safe place to walk every day.

Bondag said:

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toolshed said:

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Good gravy!! $400-800k up front, plus 4K-5500 a month!! To live with and intermingle with woke college kids?

Ima say nah!

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Looks like a way for the developer to get quick funding. I would be more concerned with the $5k a month in fees, but not sure how that compares to a senior living facility.

The up front payment is basically a loan and 85% goes to the heirs. Someone that is more educated in elderly care can help me out, but I think that you have to have a lower net worth for medicare to cover your senior living expenses. This would be a way to fund the developer while allowing the renter to get money from the government to pay their monthly fees. Then years down the road you get 85% of investment back. This would not be wise for someone on death's door, but I could see some potential financial benefit for a 65 year old that is relatively healthy and just wants to go to college sporting events every night and have a safe place to walk every day.

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There's a 5 year "look back" for qualfying assets under the medicade program. In addition to a very low threshold to begin with.

Maybe that's where they can relocate the sully statue, with all the olds.

If they did something similar at A&M, would that include "all you can eat" at Sbisa? If that is the case, when would Adult Protective Services step in?

Duncan Idaho said:

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It is a good idea but it had better be a SNF for that kind of money.

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I just spent about 10 minutes trying to figure out what SNF is but I'm afraid to look it up on urban dictionary, based on who posted that.

I lived right by the ASU campus for a year in my 20's.

I HIGHLY recommend it.

gomerschlep said:

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I lived right by the ASU campus for a year in my 20's.

I HIGHLY recommend it.

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TAMU likes to think it can hold a candle to any school but in terms of quantity AND quality of women, alcohol availability, and overall good adult times....Nope. ASU is amazing for a young single man. Especially one fresh back from foreign lands....

Hell, even SDSU puts TAMU to shame.

oldschool87 said:

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Picard said:

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I'm never going back to Walton, certainly not to die there!

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I-Ramp rules... Best dorm room on campus...

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exactly, what a puss

Waltonloads08 said:

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oldschool87 said:

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Picard said:

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I'm never going back to Walton, certainly not to die there!

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I-Ramp rules... Best dorm room on campus...

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exactly, what a puss

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I-ramp ramp sux. You get the giant corner rooms like C-ramp, with the full force of afternoon sun.

K-ramp wasn't great. Now Puryear Ramp 6, that was heaven.

What kind of genius Wharton grad McKinsey six sigma ninja came up with that pricing scheme? For $400k down and $4k a month, one could probably live a bit more comfortably than Moses Hall. Hopefully they would at least upgrade the toilet paper from what we had.

PoohAh97 said:

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Waltonloads08 said:

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oldschool87 said:

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Picard said:

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I'm never going back to Walton, certainly not to die there!

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I-Ramp rules... Best dorm room on campus...

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exactly, what a puss

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I-ramp ramp sux. You get the giant corner rooms like C-ramp, with the full force of afternoon sun.

K-ramp wasn't great. Now Puryear Ramp 6, that was heaven.

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Yes because Puryear had nothing facing west... O, wait...

And we did have the corner room with 4 windows and 8 fans...

Good business scheme - has quick turnover. Most residents will catch rona from the students and die within 2 weeks of arrival.