Monday 11/17/2025
Yesterday Frank texted me a picture of 16 (sixteen!) boxes waiting in front of my section and I determined I would clear them out today. Joanne needed the car this morning, so despite threatened rain showers I headed out on foot at 8:00 and walked the 3 miles to FOPAL. There I worked from 9 to 3. About 2:30 Joanne texted, offering to come and get me, which I accepted. Still I have over 10,000 steps and 4 miles for the day.
Back to CH in time for Rhonda’s Open Meeting, where she talked about some numbers from the Leading Age conference, and the plans for two long-desired projects. One was to reduce the stress level of the in-house fire alarms, by reducing the volume from the horn in the ceiling of each unit, and the brightness of the strobe light ditto. This was a lengthy project because it required getting the Palo Alto Fire department to agree, and permits to be written. But now it is finally going to happen next month.
Project two the rebuild of the central 3 elevators, also long planned. A $2M project to begin around March and take several months.
The numbers from Leading Age were the anticipated growth in the demand for Senior Living units, totalling (if I remember) about 150K new units needed per year. The largest number of new units ever added in one year was 50K, and the current rate of building new units is around 20K per year. Think that over.
To me this makes it certain that, A, Channing House will have full occupancy forever; B, prices will go steeply up as wealthy seniors chase a shrinking pool of units — so if you are thinking about it, the sooner you buy in the better; C, if you can find a way to invest in the construction of senior living facilities, that is about the surest possible investment you can make.
Ate by myself reading a book, which was enjoyable.