Senior Housing In High Demand

5/22/2009

posted by N. Sioris

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The CEO of Emeritus Corporation, Mr. Granger Cobb, explained in an interview conducted on The Street.com why senior housing demand has not slowed in spite of the current turmoil in the housing and stock markets. Emeritus Corp. builds and provides assisted living facilities and senior housing in 37 states. He says they are seeing growth in every one of the 37 states, mainly because their product is "need" driven, rather than discretionary. He goes on to say that, aging is not an optional choice for people, in the same way that deciding whether to go out to dinner or a movie is.