Last year, we took mom in w/Alzheimer’s. 15 months later— a little too close for comfort. Still raising the kids too.
Anyhow, we purchased our place in 2021 and rest comfortably at a 2.8% for the mortgage. We just purchased a townhome 5 mins away for her out of mental necessity last month at 6.5%. Add HOA fees, property tax, interest etc… clearly not a financial investment… we’re paying less for our home than the townhome. However, it’s still far cheaper than an assisted living facility.