A Way to Pay: The Importance of the Housing Market in Senior Housing

Examining trends in median home values is a key factor when assessing whether, and to what extent, seniors will be able to pay for senior housing. We know the cost of care and housing is expensive, costing between $3,000 and $4,500 a month; seniors typically pay for it in one of two ways:

Income- Seniors who have income from pensions, public benefits, or rents, or who have family members who work and support them, can use their income to pay for their long-term care.
Assets- Seniors who own stocks, bonds, cars, or