Quantcast
Channel: Bogleheads.org
Viewing all articles
Browse latest Browse all 7834

Personal Finance (Not Investing) • Reverse Mortgage

$
0
0
Good Lord. Where does one find senior housing for <$100/mo?
Rent for HUD subsidized housing is based on the renter's income. I think the requirement is that the renter meets age requirement, and is expected to pay 30% of income for rent and utilities. HUD then makes up the difference between that payment amount and fair market rent value.

As recently as 2021 I had an elderly relative that was paying about $340/month for rent. Their only income was social security.

Statistics: Posted by Ret2018 — Wed Oct 01, 2025 4:25 pm — Replies 20 — Views 2218



Viewing all articles
Browse latest Browse all 7834

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>