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ihaveaquestion

(4,851 posts)
14. It IS expensive, but your numbers are higher than I found when looking for a place for my mother.
Thu May 28, 2026, 12:18 PM
May 28

First of all, I think you mis-typed the base payment, unless you're talking about buying a condo unit or a home of some sort. To move into a rental unit costs about $3,000 to $8,000 move in fee. This is is usually non-refundable and not nothing, of course.

The monthly payments could be what you state for big cities (NY or Seattle?), but in moderate communities like ours, it could be as low as $1500 to $4000 for "independent living", meaning no personal care provided (basically apartment living).

All these options include housekeeping services, food service and whatever amenities the facility chooses to provide. These range from a free library and sing-alongs to cable TV, swimming pool, exercise rooms, theater, regular concerts and bingo nights, etc.

My mother chose the best place in our area because it has all day food service and a regular menu to choose from along with daily meal specials, whereas most other places had only a few choices of menu at set meal times. It also has a great variety of activities and amenities available (I want to live there actually). It cost her $8000 upfront and she pays just under $4000 a month.

Assisted Living/Memory Care is more expensive, but it's usually paid for by Medicaid when someone's personal funds are exhausted.

This last bit is what I believe will come under attack by this regime. If they find an excuse to cut Medicaid to these people, they will all be sent home to their families. I'm sure they're looking for that excuse and maybe the only thing preventing it right now is the fact that these facilities rely on this money. Cutting it off would bankrupt lots of them.

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The investors that George W Bush jr wanted in the housing market. Blue Full Moon May 28 #1
Another reason: Expiration of Low Income Housing Tax Credits jmbar2 May 28 #2
Rent Strikes !! leftstreet May 28 #3
We have millionaires deciding what affordable housing costs...nt Wounded Bear May 28 #4
Billionaires. ColoringFool May 28 #16
Same difference...nt Wounded Bear May 28 #18
Private Equity Firms JPK May 28 #5
Dear friend is examiner for a land title insurance company. She is HORRIFIED at the % of home sales are going those Attilatheblond May 28 #10
Private Equity... GiqueCee May 28 #6
Piling their DEBT on renters RANDYWILDMAN May 28 #7
But...But... GB_RN May 28 #8
I worked for a manufacturing company that declared bankruptcy after Covid and was bought by private equity group MichMan May 28 #13
Care to name the manufacturing company? Private Equity Groups are.... ColoringFool May 28 #17
It's not just rent AverageOldGuy May 28 #9
This makes living and then dying at home The Madcap May 28 #12
It IS expensive, but your numbers are higher than I found when looking for a place for my mother. ihaveaquestion May 28 #14
I own a rental & I haven't raised my rent in 3 years. ... aggiesal May 28 #11
I quite agree with your logic. 70sEraVet May 28 #19
You must live in Texas ... aggiesal May 28 #22
No, I live in Tennessee 70sEraVet May 29 #23
Air bnb , vrbo, etc as vulture capital turns housing into vacation rentals JT45242 May 28 #15
Greed. nt wiggs May 28 #20
I'm in a 600 sq ft "affordable" Seattle unit with a base rent of 1,459 that is actually $1,809 with parking and pet fee pat_k May 28 #21
While this is true, I'm not sure it's the root cause EdmondDantes_ May 29 #24
Latest Discussions»General Discussion»One reason why the rent i...»Reply #14