If You Rent How Much Will Your February 2021 Be?

Discussion in 'Money & Finances' started by Lon Tanner, Jan 22, 2021.

  1. Lon Tanner

    Lon Tanner Veteran Member
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    Mine will be the same in February as January $ 7,117.00 USD. I sold my home and car seven years ago and have been renting since.
     
    #1
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  2. Peter Renfro

    Peter Renfro Very Well-Known Member
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    That is crazy Lon. Why should it cost any human being that much to shelter bone and body? insane!
     
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  3. Cody Fousnaugh

    Cody Fousnaugh Veteran Member
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    Pete, have you seen the meals he eats and where he lives. If he is happy, which he sure seems to be, and he has the money...........
     
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  4. Herb Durant

    Herb Durant Well-Known Member
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    I live in the Hood 750.00 a month I invested in my wife of 31 years future gave her everything .
     
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  5. Lon Tanner

    Lon Tanner Veteran Member
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    I am living in Assisted Living Pete. My rent pays for three meals per day plus snacks, all laundry, cleaning, bed making, Cable TV, Internet, Wi Fi, Transportation within 10 miles, Fitness Center, bathing assistance, dressing assistance, Personal attention. WEST SPRUCE.jpg Activity Center,
    I receive interest monthly from the interest on the proceeds of my home that I sold seven years ago.
    Picture of home is attached.
     
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  6. Lon Tanner

    Lon Tanner Veteran Member
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    What is the Hood?
     
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  7. Herb Durant

    Herb Durant Well-Known Member
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    Assisted living is very expensive I looked into it runs around S5500.00 CDN that's the low end places .
     
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  8. Herb Durant

    Herb Durant Well-Known Member
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    The part of town you don't want to leave anything hanging around or walk around in the dark.
     
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  9. Herb Durant

    Herb Durant Well-Known Member
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    That nice fence in your pic would probably last a few days before someone stole it and sold it for scarp I've had two catalytic converters cut off my car in the last few years,
    That's the Hood Lon :D
     
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  10. Lon Tanner

    Lon Tanner Veteran Member
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    Are you happy there?
     
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  11. Herb Durant

    Herb Durant Well-Known Member
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    It's as good as it gets so yes.
     
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  12. Lon Tanner

    Lon Tanner Veteran Member
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    Great I'm glad for you.
     
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  13. Lon Tanner

    Lon Tanner Veteran Member
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    A prison cell could shelter bone and body too Pete and guess some think that's a pretty good deal.
     
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  14. John Brunner

    John Brunner Very Well-Known Member
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    I own my place outright.

    Real estate taxes + homeowners insurance = $150/month or so.
    I recently applied for the "I promise to not develop it" real estate tax break, and cut my taxes to less than half.
    But I still got upkeep expenses, utilities, etc.

    Groceries continue to be my #1 expense...by far. I've not been inclined to figure out why, since I don't spend money on alcohol or sodas or prepared food (heck, I mostly buy house brands), and cooking is my primary hobby.
     
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  15. John Brunner

    John Brunner Very Well-Known Member
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    I've been online and looked at the cost of various elderly support situations, and the total-cost spread between Lon's 7 x 24 x 365 situation and other options (where you pay for your own lodging, meals, medical care, etc) is not all that much.

    This is the Monthly Cost comparison for the Charlottesville VA area I posted in The Cost of Senior Living Facilities thread:

    -Homemaker Services: Clean house, make meals, run errands ($4,600)
    -Home Health Aide: Extensive in-home personal care ($4,900)

    -Adult Day Health Care: Community-based center for daytime only assistance ($1,700)
    -Assisted Living Facility: Full-time residence facility, one tier below Nursing home ($5,800)

    -Nursing Home, Semi-Private Room: Self-explanatory ($6,700)
    -Nursing Home, Private Room: Self-explanatory ($7,300)

    Of course, different areas will have differing prices. Charlottesville's costs are probably somewhere in the middle.

    It is insane.
     
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