Boomers want to sell their homes, but can't afford to

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My mother in-law is in full-time memory care in a nice facility and it runs around $9500 a month!. She has been in it for four years and has about four more years of money left from the sale of her home to pay for the care. She i 89, after her money runs out she will go into a facility not as nice for medicare recipients. Her mother lived till she was 105!

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I can relate. I just got back this afternoon from visiting my Mom for Mothers’ Day. My siblings and I just relocated her and my dad to an assisted living facility this past fall. She is 93 and Dad is 95. Just got to the point they could not negotiate the house that they lived in for the last 48 years. It’s not an easy transition for them, but they have adapted fairly well.

They probably pay a little less for their place as opposed to a Memory Care facility, but they also pay for private day and night assistance 7 days a week, so that brings it up to around $10k a month. Fortunately, we/they just sold their house for high $400K range, so that will help with the expenses.

But to the point, it is and will be, more costly for “boomers” and the elderly to transition from living in their “owned” home, to an affordable “last” nesting place.

On a side note, I’ve toyed with the idea of getting a CAPS (Certified Aging in Place Specialist) certification. It seems that it could be a good ancillary service that you could provide to the aging. Especially if you do or have good contractors you work with. Totally separate from a home inspection as to not cross the ethics line.

But the need seems to be there. How can we keep the aging in their houses longer? My family kept my parents in their house for an additional 5 years by raising a sunken family room with a temporary flooring system to make it level with the surrounding areas. Chair lift to the upstairs where all the bedrooms were located. Remodeled the master bath to a walk in shower, handicap accessible. As stated, these modifications got them 5 more years in their home.

Maybe interNACHI can partner with and offer a CAPS
certification… :thinking:

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I’m getting ready to join her. I’ve been experiencing one issue and when I told my doctors about it, they just give me that serious stare. When I wake up in the morning, I’m completely familiar with my bedroom and everything in it, just like you are. But for the life of me, I can’t remember what is outside the closed bedroom door. I try, but I just can’t figure out what to expect when I open the door. Is it the edge of a cliff? Does it open into someone’s house? What? I can’t figure out where the room is relative to everything else on earth. I just stand there unable to figure out where the door goes. Then I open it, and I immediately recall the entire home (which I built myself). And no issues the rest of the day. It happens every day, so I’m no longer scared to open it. I know that as soon as I do, I’ll remember everything. And as soon as I open it, I do.

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Nick, I recommend you obtain a specialist to look into your memory loss.
It’s possible to have a stroke and not realize it. Silent Stroke.
Please, Nick. Get to a specialist.

I was fortunate with Mother. I placed her in a wonderful veterans hospital when I could no longer had the strength and fortitude to keep on as soul care giver after 15 years. It was grueling at times. I had no training. I think I suffered a stroke in the later years. My doctor agreed.

Nick, get some tests. You are a family man now. The kids need you.

While we have had our disagreements and interactions over the years, we have often been on the same page. Most of all, we both want to help others. From my interactions with you over the past few years, I think you have many good years in front of you. I have brain farts as well! Listen to your doctors and loved ones. Please know that I’m always a call or email away if you need to talk. I will see you in Dallas in October.

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Sounds like retirement without a plan…IDK…just thinking out loud…shrug.

I have had Meniere’s disease for about a decade. It causes a lot of crazy brain issues, vertigo, and deafness. But in some ways, it’s also a blessing. Maybe I’ll just start sleeping with the door open :wink:

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I wonder if it’s parasite related, like so many other ailments? I hope you get well soon.

No cure. But Meniere’s disease is such a part of me now, that if they came up with a cure tomorrow, I’m not sure I’d take it.

I like laying with the left side of my head on a pillow and it being completely silent as I’m deaf in my right ear (Meniere’s causes deafness in only one ear, oddly).

My wife is deaf in one ear and sleeps with her good ear against the pillow which helps when I have the tv on. On the other hand, sometimes she doesn’t hear her alarm. :slightly_smiling_face: