The Future of Housing - Part 8
Ageing and the future cost of health care are major considerations as we grow older. We need to turn back the clock and start to look at ageing in place.
Ageing in Place
Affordability and availability of aged care places is becoming increasingly problematic. Combine that with an ageing population and the increasing desire to grow old in your own home, and we start to see another driver that will change housing in years to come.
Ageing in place has always had the issues of accessibility as we age, and the accessibility to care. However, with governments driving the ageing in place trend, and presenting a more affordable option for the Tax Payer, the access to home-based care is receiving more base funding.
However, my Ageing in Place model ties in with Generational Living, with the ability for elderly parents to retire to an independent part of the house they already live in, and their children and grandchildren to occupy the main part of the house. This allows for generational aged care, with each generation having its own independent and private living space. It provides positive emotional welfare for the grandparents who can be a part of their children’s and grandchildren’s lives for much longer, and it provides economic support through child care and shared housing costs.
Of course, Ageing in Place and Generational Living is not for all people, as some families just don’t get along. But there is no doubt these housing options are becoming increasingly attractive and viable.
Final Part to this series next week…Generational Finance Solutions
John Rosel