Taxes

[Biggd]

Originally Posted by MeredithMan

Ah, Ok. Understand. I wasn't thinking it was a nursing home, which is very different than Assisted Living. In my in-laws Assisted Living place, they have an apartment, but go to the dining room for all their meals and the staff gives them their medications and there is a pub and regular entertainment. There is no ownership/equity, however...just straight rental payments. I was not aware that there were places where residents could have an equity participation.

I learned something new today. Thanks!

This couple picked this particular facility because it was close to their children.
I know this is off topic, but this is what many elderly owners face when taxes go beyond what is affordable to them even though they own the property out right and waterfront is not a priority any longer.