Ridgewood’s senior population is 12%, 4 % is under the poverty level and could never afford one of these apartments. Majority of the rest of the senior population are living in houses where their mortgage is paid off so their expenses are taxes and maintenance. Average tax burden is around $15,000 per year. Apartments renting at $3,000-$4,000 per month (they’ll be “luxury apartments”), will costs seniors $36,000-$48,000 TO RENT. The argument that Ridgewood has to do this for the seniors is BS. It’s just a BS political sound bite HE glommed onto to justify his supporting the developers. ‘Doing it for the seniors’ who could argue with that, right. He would have used children as a sound bite but you know, that would be ridiculous. This is all about using Ridgewood to make the developers a ton of money and the paybacks for supporting it will be beneficial to their personal pursuits. Shame on all 3 of them.
Emptynesters in town like the privacy of their home.They do not want to hear their neighbor in an apartment .They can afford landscapers and snow removal so since the mortgage is paid for they can afford to make repairs as necessary.The Former NYC residents who moved here 10-20 years ago “for the schools” will move BACK to NYC to an apartment , since NYC has the museums etc that Ridgewood does Not. As a resident since 1969 I know plenty of old timers, their families, etc….not a single one h as considered moving to those proposed apartments. It’s either back to NYC, or to NYC or FL.
3 DAYS LEFT…..Email council to VOTE NO!Paul Aronsohn – paronsohn@ridgewoodnj.netAlbert Pucciarelli – apucciarelli@…
Posted by Citizens For A Better Ridgewood on Sunday, September 27, 2015
Absolutely, as a senior living here for 37 years, I plan to move South when I can no longer afford to maintain my house.
I do not want to have to cope with freezing temperatures and slippery sidewalks.
I would not and could not pay three to four thousand a month for an apt. That is ridiculous.
We too would love to stay here BUT those apartments will only be for the rich seniors! Make living on the ground floor and reasonable rents and we’d stay…but then so would all the families with one or two children who want in the Ridgewood schools.
Well wouldn’t a demand and price elasticity study tell us that? No such studies have been done or are planned so guess who is on the hook? If developers can not rent at the prices they seek and reduce rents the building can and will appeal their taxes and win. Leaving the burden on taxpayers.
Gambling was permitted in Atlantic City to benefit the seniors, too. NOT.
Even at $3,000 to $4,000 per month these apartments will be a bargain for families from other towns looking to put 3 or 4 kids into the Ridgewood school system. Don’t believe what our Council majority and their developer friends tell you.
If I downsize it will be to save money. $3,000 to 4,000 for a rental makes no sense.
I can afford to stay in my house but it is too big and the taxes too high. If I move it will not be in Ridgewood. It will not be to Florida either.
Assisted living is around 10,000 dollars a month. my mom was at the Cupola for several years. Probably more now. Cheaper to live in a nice apartment with an aide!
my goal is to NEVER go to assisted living/nursing home.
I also will not pay $4,000 a month for a rental in Ridgewood..
Hoping to have a nurse’s aid in my home.
Its way cheaper and comfortable for a senior to stay in your moderate sized house with no mortgage vs. apartment or condo, just expenses of property taxes, (get the NJ senior freeze) usual monthly electric, gas, cable, insurance etc. bills, with expected seasonal maintenance lawn, snow removal. There could a major replacement costs if one needs a new roof after 20+ yrs,.or if property taxes get ridiculous.. As a senior, my preference is the privacy of my own home, would never like apartment living or even consider it. If things get to expensive, move south Jersey to retirement villages with new house.
When you get to the stage where one can’t manage on their own, age related or physical, either home care is preferable, or next step assisted livings runs average $5,000 month and up, they are a gimick, my mom was in one before needing a nursing home $12 -15,000 month. A 92 yr.old neighbor went to Cupola assisted living just last year, was $5,000 month. Hope I’m gone before my money gets pissed away to one of those places.