Lakewood90712
Thinks s/he gets paid by the post
- Joined
- Jul 21, 2005
- Messages
- 2,223
Our dad is 84 , wheelchair bound , has been in assisted living for 2 years, and last 10 mo in the dementia unit. It's Belmont Village, not a nursing home. The care is safe and adequate, ( no bedsores, only one trip to the hospital , and only 2 falls). I really feel bad , like I'm leaving him in a Human warehouse in his last years . This makes me feel like a rat , not having him in a comfortible place , I sure wouldn't want to be there if I was in his position . There is no "do over " at this stage of life.
I'm the youngest of 3 children at 50. Brother carred for him by himself for 2 years and is burned out on caregiving / manageing his care. Sister is 200 miles away with her own issues. Dad's dementia is vascular , not alshimers, so he is often aware of his suroundings . Current care cost is about 85K per year. His retirement , ss , and a small cashflow from the rental of his house almost covers it.
I'm thinking of doing some accessibility modifications to my own home and bringing him here, hiring a service for 24 hr. care. I don't want to be a direct employer of caregivers/nurses . I have no ability to do the care myself.
His rental house has about 650K of equity in current market (2 blocks to the beach).
?1 What does 24 hr care cost ( Los Angeles)and ?2 Selling the house and investing with 100% safety , I only see 10 year treasurerys yeilding about 3.4 %. Carrying a first mortgage back would yeild more, but could be problematic.
Any ideas welcome.
I'm the youngest of 3 children at 50. Brother carred for him by himself for 2 years and is burned out on caregiving / manageing his care. Sister is 200 miles away with her own issues. Dad's dementia is vascular , not alshimers, so he is often aware of his suroundings . Current care cost is about 85K per year. His retirement , ss , and a small cashflow from the rental of his house almost covers it.
I'm thinking of doing some accessibility modifications to my own home and bringing him here, hiring a service for 24 hr. care. I don't want to be a direct employer of caregivers/nurses . I have no ability to do the care myself.
His rental house has about 650K of equity in current market (2 blocks to the beach).
?1 What does 24 hr care cost ( Los Angeles)and ?2 Selling the house and investing with 100% safety , I only see 10 year treasurerys yeilding about 3.4 %. Carrying a first mortgage back would yeild more, but could be problematic.
Any ideas welcome.
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