Posted by Fixerupper on December 16, 2018 at 14:34:49 from (98.21.206.201):
In Reply to: Re: Sad to see it go posted by JD Seller on December 16, 2018 at 09:32:44:
JD you are about right on the 400 acres, depending on what the cash rent, nursing home bill and property taxes are. Dad is in a nursing home, in fact I am sitting beside him right now. His bill is a twitch under $7000 per month. He does not have nursing home insurance. One reason he does not have the insurance is he does not like insurance companies. Second reason he does not have long term care is he can pay the bill as long as I keep paying him rent. And I don't plan on quitting anytime soon. His situation is not common at all though. In this nursing home I would guess 70% of the residents are on gvt assistance or long term care is helping with the bill. Marilyn and I have long term care policies that will pay for as long as we need it if the time comes. I nickname the premiums as being a forced nursing home savings account.
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