@funacct @KiNg :
I wonder how many apartments are 'well' Senior oriented (over 55/65, independent living).
I am hearing of retired populations being unable to keep a home due to finances and/or need to downsize so that there is less upkeep and physical care need for living space.
Yet, the 'real' cost of these apartment/condos is very high when you add the monthly required amenity, insurance, parking, ….fees and some more affordable ones are so small (square feet wise) that they might cause a bit of claustrophobia. Not kidding.
Finally, annual increases in renter fees must be considered. Retirees might get a small COLA that increases their retirement income, but not enough to cover the annual rent increase,
This is my online review of Frisco/Plano/ McKinney locations.
It looks like there are groups that people can call for a guide about this though.
Of course everything is relative. If more jobs are being made available with higher wages, especially in management and leadership, and individuals are able to build equity in homes and maintain savings, then they may be able to afford to retire in these expensive senior living locations.
Some seniors opt to live with families and use their retirement money to Supplement family income or their own assisted living or healthcare needs. Medicare and social security generally do not cover domestic care.