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The most obvious pro of retiring near your family — if you already live in the same area, of course — is that you won’t have to spend any time or money moving closer to them.
Steeper cost of living: The overall cost of living could be more expensive in your new location, especially if it’s near a popular vacation spot like a beach or lake. And there’s significant ...
Single-room occupancy (SRO) is a type of low-cost housing typically aimed at residents with low or minimal incomes, or single adults who like a minimalist lifestyle, who rent small, furnished single rooms with a bed, chair, and sometimes a small desk. [1]
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A studio apartment, or studio condo [1] also known as a studio flat (), self-contained apartment (), efficiency apartment, bed-sitter (), or bachelor apartment, is a small dwelling in which the normal functions of a number of rooms – often the living room, bedroom, and kitchen – are combined into a single room.
Low-rise apartments in Bondi, Australia. A low-rise is a building that is only a few stories tall or any building that is shorter than a high-rise, [1] though others include the classification of mid-rise. [2] [3]