Saddled with vacant units , retirement communities across the country are trying to lure new buyers by any means necessary – from adding cushy amenities and special move-in deals to lowering prices on homes. And with summer fast approaching, one tactic is becoming especially popular: the "test drive."
Retirement communities in Arizona, California, Florida and other vacation destinations are pitching older Americans so-called retirement getaways, a few nights in a model home with access to all the luxury amenities. Their hope, of course, is that you never want to check out. And while no national data exists on how many communities are pushing these test drive programs, "they're definitely becoming more common," says Andrew Carle, the founding director of the senior housing administration program at George Mason University.
Retrieving data ...