A 'hopeless' feeling: Struggling seniors face sky-high rents and few, if any, options

^^^Unfortunately Don we need 10x or 100x the apartment complexes to come online asap. You said it yourself we need more supply of all types of housing, well except for ABnB, - apartments are the quickest way to increase housing even if it's not of type preferred by many or most.
 

Nieve question: But where is all this money going? And to who? Corporate type investors. Are they the ones buying up all this property, renting and raising rates? Foreign investors?

This complex I live in was locally owned. I think the people owned two complexes. They made profit I'm sure and didn't raise the rents every . Now these new evil doer owners raise it. I don't know why the former people sold. I don't think they were young. They may have decided to cash out and completely retire. And I'm sure did very well for themselves without being horrible and greedy.

There will have to be something done or we will have nothing but rich and poor some day.
Looking for people like myself who need help at least with household work and transportation and can't afford assisted living. I am part of the "missing middle" who also can't qualify for Medicaid. I own a home now and live with my husband. I would like a roommate or live in worker to move with in the future, because husband has heart failure and I don't want to end up living alone. I have friends in Myrtle Beach but they can't help me enough. Anyone else wondering how they will live if they lose their support system.
 
Looking for people like myself who need help at least with household work and transportation and can't afford assisted living. I am part of the "missing middle" who also can't qualify for Medicaid. I own a home now and live with my husband. I would like a roommate or live in worker to move with in the future, because husband has heart failure and I don't want to end up living alone. I have friends in Myrtle Beach but they can't help me enough. Anyone else wondering how they will live if they lose their support system.
The money is going to owners of the facilities. I have severe depression and health anxiety.
 

Looking for people like myself who need help at least with household work and transportation and can't afford assisted living. I am part of the "missing middle" who also can't qualify for Medicaid. I own a home now and live with my husband. I would like a roommate or live in worker to move with in the future, because husband has heart failure and I don't want to end up living alone. I have friends in Myrtle Beach but they can't help me enough. Anyone else wondering how they will live if they lose their support system.
Thank you those who read and acted to my post.
 
Looking for people like myself who need help at least with household work and transportation and can't afford assisted living. I am part of the "missing middle" who also can't qualify for Medicaid. I own a home now and live with my husband. I would like a roommate or live in worker to move with in the future, because husband has heart failure and I don't want to end up living alone. I have friends in Myrtle Beach but they can't help me enough. Anyone else wondering how they will live if they lose their support system.
I’m in a similar situation and I agree that the issue of aging in place without a strong support network can seem overwhelming.

Try to break the issue into more manageable bite size chunks and deal with them one at a time.

Can you hire a lawn service, cleaning person, a car service like Uber, use a grocery delivery service like instacart, a medic alert system for emergencies, automate your banking and bill payment, etc…

Begin experimenting now and become familiar with the options available to you before they become a necessity.

The one thing that I would think long and hard about is getting a roommate. That would be a last resort for me and definitely better for them to steer clear. 😉🤭😂

Take a deep breath, you can do this! 🤗
 
I can't imagine how difficult it must be for people paying large amounts of money to landlords. Only yesterday I saw on the news, a young man who started his own business, mowing lawns and general maintenance. He said he now owns 100 investment properties and is looking for more. I think this is a lot of the problem where people get greedy and want more and more. People haven't got a chance to buy a property with investors like these.
 
I can't imagine how difficult it must be for people paying large amounts of money to landlords. Only yesterday I saw on the news, a young man who started his own business, mowing lawns and general maintenance. He said he now owns 100 investment properties and is looking for more. I think this is a lot of the problem where people get greedy and want more and more. People haven't got a chance to buy a property with investors like these.

In America, this type of landlord is much better than the rapidly growing Wall Street corporate landlords. The guy with 100 rentals is still a little guy in the US and has to meet local codes. Here, it's the Wall Street landlords who are collecting rent and neglecting upkeep because of their power.
 
I can't imagine how difficult it must be for people paying large amounts of money to landlords. Only yesterday I saw on the news, a young man who started his own business, mowing lawns and general maintenance. He said he now owns 100 investment properties and is looking for more. I think this is a lot of the problem where people get greedy and want more and more. People haven't got a chance to buy a property with investors like these.
I can't imagine how difficult it must be for people paying large amounts of money to landlords. Only yesterday I saw on the news, a young man who started his own business, mowing lawns and general maintenance. He said he now owns 100 investment properties and is looking for more. I think this is a lot of the problem where people get greedy and want more and more. People haven't got a chance to buy a property with investors like these.
That reminds me that every celebrity seems to write a children's book and/or a cookbook. That must make the competition rough for an ordinary creative type.
 
Some have said to us we are “ lucky“ to have our own fully paid for home but I usually answer no such thing as luck ….its all hard work and no holidays that enabled us to pay cash for our home to be built in 2006 .

We only had the money to pay cash as we’d sold our home in the city 15 years after we’d had it built on 1989 …we didn’t have any luxuries but added blinds / air conditioning / heating as we could afford it ( the home and land cost us $66.000 ) paid part borrowed the rest on 18% interest:eek:

If I was in the position of being homeless now days , I’d live in a caravan which we did for 2 years after we sold The home in the city …and yes we are getting very overpopulated in South Australia as well ….many are being forced out of homes because they simply cant afford the outrages rents being charged …
 
Maybe it comes down to the video short.
Make up an idea, casually film and have 100,000
followers in a week. 500,000 the following.
See being famous is easy. Never admit anything.


Sure buy a mini home, move it to 1/4 acre in the rural
along a gravel road thas 10’ wide in Mo. & get a state
dot job. … :coffee:
 
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Looking for people like myself who need help at least with household work and transportation and can't afford assisted living. I am part of the "missing middle" who also can't qualify for Medicaid. I own a home now and live with my husband. I would like a roommate or live in worker to move with in the future, because husband has heart failure and I don't want to end up living alone. I have friends in Myrtle Beach but they can't help me enough. Anyone else wondering how they will live if they lose their support system.
I think it would be difficult to find a compatible roommate. Personally that would be my version of hell. There might be agencies that match people up looking for this kind of situation. You could always talk to a social worker at the department of aging. Every county and/or state has one.
 
Maybe it comes down to the video short.
Make up an idea, casually film and have 100,000
followers in a week. 500,000 the following.
See being famous is easy. Never admit anything.


Sure buy a mini home, move it to 1/4 acre in the rural
along a gravel road thas 10’ wide in Mo. & get a state
dot job. … :coffee:
Ha! Yeah. Problem with so many of these vanlife/tiny home videos is they are boring. They copy each other and make up faux-dire thumbnails to get clicks. But you need more than clicks. They need to have someone watch past the first 30 seconds. Watch the whole thing, hopefully. My argument is one needs to be an entertainer. Some of the most successful people are very low tech. One guy I know (he lives in my area) uses only his phone to record and a phone app to edit. He doesn’t own a computer! But he is hilariously entertaining and also informative. He is coming up on 250K subscribers and only been doing it a year.

I believe this is mostly a gift some have. It’s not a formula - that’s only going to get you so far in SM. Then it will become tremendously frustrating. Just my 2 🪙🪙‘s.
 
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I can't imagine how difficult it must be for people paying large amounts of money to landlords. Only yesterday I saw on the news, a young man who started his own business, mowing lawns and general maintenance. He said he now owns 100 investment properties and is looking for more. I think this is a lot of the problem where people get greedy and want more and more. People haven't got a chance to buy a property with investors like these.
So true. I was having a conversation a while back with someone who was telling me they didn't believe in any government programs whatsoever, that people should stand on their own 2 feet. Welp, this person only ever worked part-times jobs when they felt like it because they inherited a bunch of money from one of their grandfathers who never really worked much either, merely was in the right place at the right time long ago and bought a bunch of property when it cost maybe a dollar an acre. So this person and their parent (the child of the grandparent) never worked much either because of all that property investment money coming in. But other people need to "stand on their own 2 feet." Uh huh.
 
I so agree. And heartless is the word. One can make a good profit without being heartless and full of blind greed. My apartment complex is an example of that.

Also when I watched that one PBS show about mobile home parks (which I stopped watching because I was getting so angry), the one investment jerk said that most parks were started by mom and pop owners. Well, I'll bet mom and pop made some decent money but kept it affordable for mobile owners/tenants of the park.
What I have noticed is Mobile parks deteriorate with age. the Mobile homes fall down and become basically a place for homeless to camp. Am tinking sell out while you have good
value, the Gov and Meds not get a chance to steal it all. Move to a tent, live and die free and you get to spend your cash having fun. The rest really just sxx
 
@Pepper @OneEyedDiva
In this context, what is a co-op?
To piggyback off what @Pepper replied, Co-op stands for cooperative housing. I usually say I own the apartment, but she's correct in saying we actually own shares in the cooperative. We used to use the term carrying charges to signify our mortgage and upkeep payments. Recently management changed it to HOA dues. Our mortgage has been paid off since 2012.
 
Well California, that has been ground zero for endlessly greedy Wall Street real estate corporations and their banks unfairly sucking dry working class assets, now has Proposition 33 on the ballot, a rent control issue. The powerful real estate industry hates it, so is bombing television and Internet sites with ads trying to confuse the electorate. One key provision removes allowing landlords from raising rents after properties are sold. In any case, the USA needs to get Wall Street out of rental real estate.
 


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