Erickson Tribune

Charlestown

UPDATED: Monday, August 06, 2007

Cost of living rises rapidly

Posted on Sunday, August 05, 2007
 

How two communities are thriving

By Julia Boyle
THE ERICKSON TRIBUNE

The heat is on . . . is your air conditioner?

The sorely anticipated 50% electricity rate increase for Baltimore Gas and Electric (BGE) customers rolled in this summer after lawmakers put it on hold in 2006.

To top it off, gas and oil price increases have weighed down Maryland residents even more, forcing nearly everyone to subdue their spending habits. Anyone on a fixed income faces a financial shock to their wallets, and many will search for cheaper alternatives to everyday needs.

Smart financial decision
Instead of cutting back her everyday needs, Betty Timberlake moved to Oak Crest, where her monthly service charge includes electric and transportation in addition to most other utilities, maintenance, one meal a day, and several other amenities.

“The BGE increase is going to hurt a lot of people terribly,” she says. “I feel fortunate that I live here so I don’t have to put up with all of the increases in electricity and everything else.”

Retirement Counselor JoAnn Huebler has helped hundreds of people like Timberlake decide that moving to Oak Crest is the right financial decision for them. “Because the costs are spread out over the entire community, we are able to absorb price increases like electricity and keep them lower than people who live in a house,” she says.

To help cut energy costs even more, Oak Crest and Charlestown have both joined in Erickson’s nationwide “green” initiative. The Baltimore-based company recently hired a national energy manager to propose and implement energyefficient strategies for every community.

All aboard
Gas prices also squeeze people’s budgets. Don and Adele Salvucci moved to Charlestown in March 2006. They say they now spend much less on gas because they frequently use the community’s transportation services.


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“Between gas prices, maintenance, and insurance, a car is a huge expense,” Don Salvucci says. “Since we moved here we hardly ever use ours, especially since almost everything we need is on campus.”

“We use the transportation services at least once a week, but sometimes more to go to doctors’ appointments, shopping, or on group excursions,” Adele Salvucci says.

Competitive pricing, exceptional service
The two communities’ transportation teams service residents with fleets of 16 vehicles at Charlestown and 24 at Oak Crest. Those vehicles include buses, vans, and sedans. The shuttle service offers local trips free to people who live at the communities, but destinations farther away come with a nominal fee.

“Our prices are competitive with taxis. We try to stay between $1 and $5 cheaper, but the real value is in the comfort, security, and convenience of our service,”says Charlestown shuttle driver George Lawler.

Although the department schedules regular trips to the most popular destinations, Lawler says anyone can create his or her own trip to a desired location.

Although the people who live at Charlestown and Oak Crest have found a worthy alternative to the rising cost of living, many others haven’t caught on to the trend.

Lower demand, lower prices
The financial strain will still expand across the state, especially as gasoline and electricity consumption continues to swell, increasing demand and prices. PJM Interconnection, a regional electricity transmission organization, projects electricity consumption in Maryland will rise 1.5% annually for the next ten years.

Economists say the best way to cut costs is to reduce demand. While demand for communities like Charlestown and Oak Crest only continues to rise, Charlestown Retirement Counselor Steffany Byers says initiatives like mass transportation and “green” energy help ease the pressure on prices, leaving room for the more enjoyable aspects of retirement.

“People are forced to adjust, but we have found alternatives that actually enhance people’s lives and reduce the amount of financial changes they have to make,” she says.



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