Many seniors are in a dilemma to downsize or not considering the cost of living in the bay area. Health wise, seniors are not mobile as they used to be. In case of any medical emergency, they need to act fast and be close to a hospital or health care facility. Many emergencies happen during the night and early morning and signs and symptoms cannot easily be detected by family members.
The cost of houses in the bay area skyrocketed that it is common sense to sell an expensive home and live in a small unit and use the sale of the house for health care costs and retirement income.
Many young couples opted for smaller affordable homes to be able to have enough money for other important expenses.
It is sad that many families in the bayarea are spending half of their income on house rent. Many older generation plans to move out of the bay area to downsize and spend their retirement money wisely.
In care homes, many seniors have sold their homes to pay for nursing homes.
In the bay area, half of the jobs are contractual and families have to move from city to city to find an affordable place to live.
Some of those who stayed prefer their parents, who are now grandparents, to care for their babies and waiting for the time when they do not need babysitter to move away from expensive houses in the bay area.
Many take two jobs and spend less time with family to pay for house rent.
Others use every room in their house as rental income to supplement their income and pay for mortgage or get extra retirement income.
Others use airbnb or live in a rented room while they have their house being rented out for income.
What will you do to afford the housing costs in the bay area? Email email@example.com
For caring caregivers for homebound bay area seniors, call 408-854-1883.