Sunday, January 13, 2013

Commercial property REITs scare the crap out of me ? Early ...

Hmm, we probably should take the end-of-life costs/REITs discussion to another thread, but here are some data points:

1) Mom's residence at a "housing-and-meals-only" care facility was $30k/yr from 2005-2007 (ages 85-87) and I don't recall any price increase, though there probably was one at ~3%.

2) Mom's residence at a care facility went from $45k/yr in 2007 (age 87) to $60k/yr in 2012 (age 92). The majority of the increase came from extra services, with maybe 30% of that being inflation. This care level is private room & board, meds, linen, room cleaning, bathing, exercise, and 24-hour nurse watch.

3) The bill for mom's final hospital visit, week-long, was under $12k and insurance paid $11k. 3 days of hospice care followed and that cost $950.

Source: http://forum.earlyretirementextreme.com/topic.php?id=3153

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