Apartment complexes can be future condos. It was a pretty common event in the Chicago area. (as a subnote there has been a trend lately to reconvert them back to rentals).

I wonder how long that would take to happen. Considering the average of TVers, maybe most might not live long enough to see these apartments convert to condos.

IMHO, most people who would consider downsizing, are persons who lose a spouse--when this happens lots of times there is a severe income loss too--if your house is paid for, you will lose a significant cut in lifestyle if you become a renter in the lofts
I know woman who had to leave TV when her spouse passed and another woman who has to rent her house one month in order to live here--another aspect of high rise living, which we experienced was having to haul every thing up in an elevator & then haul it down a long hall way--In Cary our condo had a multi-level parking deck & we could park fairly close to our unit--in Palm Coast we had to take everything up 8 stories & walk down a 200' walk way-- a real pain

We have friends who lived on Palmer sell their 4000sf home, and move to the assisted living. They do not need the assistance. No up keep, have amenities, just leisure. But they are paying over $4000 a month. Not sure of their SF, but they are looking at the Lofts for much less money.

Not bad, thought they would be higher than that

In addition to the basic rent, they estimate an additional $355 per month for the amenity fee, electric, water, sewer, trash, and basic cable TV.

I think you don't get much for a lot of money.

Here is an estimated comparison of a 1014 SF, 2 bedroom apartment to a 2 bedroom courtyard villa:

Rent, $2,145 x 12 = $25,740
The Lofts estimate for amenities, electric, water, sewer, trash, cable, $355.25 x 12 = $4,263
Total cost, $30,003

CYV costs for the same items:

Tax bill, $3,800
Electric, $85 x 12 = $1,020
Water, sewer, trash, amenities, $225 x 12 = $2,700
Cable (same as The Lofts estimate), $60 x 12 = $720
Yard maintenance, $60 x 12 = $720
Total cost, $8,960

These costs do not include mortgage interest, investment costs, or appreciation for the CYV.

Another aspect about apartment living--vermin--one unit gets roaches--everyone will have them sooner or later--and you haven'r lived till you had to make a trip to the communal trash compactor that's filled to overflowing-some condos/aparments have trash chutes--they work better than a common compactor site--gross

Seems like a lot of money to live in a closet.

CYY missing many costs - Replacements- roof, air condition, paint(in and out) Homeowners ins. , loss of investment return on home price. Total costs $8960+++++

The good news is that only those that want to live in the Lofts will live there.....and I doubt any of them will care what others think. It still amazes me how many on here can always find something negative yet, I assume, still stay here.

You still need insurance in an apartment, and possibly interior paint.

I don't think comparing costs is being negative.