Quote:
Originally Posted by FlyingScot
Very interesting. I did not check this before they moved in, but Brooksby has all the qualitative signs of a well financed stable place, and I've had aunts and uncles living there for decades. If I had to do this again, I would check more carefully on their parent, as you suggest. (Separately, I would not say that a condo is risk-free wrt exposure on others' potential financial woes.)
Nevertheless, I would still recommend Brooksby unreservedly to any whose life-stage/financial situation fits
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I agree with your assessment. I’ve never heard anyone say anything bad about Brooksby and I have friends whose parents are there and they all say positive things about the community so it is highly likely Brooksby is financially solid. That being said, if I ever wind up considering that community or one like it I’d look at the credit profile of the entity as part of my diligence. On the way in the typical resident is leaving their home that they have often been in for many years while Brooksby is scrutinizing their financial condition so it is typically traumatic
for the soon to be resident and few think to ask about the credit of Brooksby. As a result, I wanted to share what I have learned about the industry.