[LuxLiving]

Another interesting topic. I've wondered about this especially for those of us on limited budgets as we approach retirement. Say for instance in the event of needing long-term care. If we can't get to the point of affording long-term insurance then in order to get extended care won't we have to forfeit our home in order to get medicare to pay for our care? If in the meantime before either of us becomes this ill if we sell out and rent then we'd have more cash to invest in the LTC insurance. We're already considering the condo route. I owned one before we married. Loved it! No upkeep - great security! Concern now is the unpreditability of increasing Home Owners Association fees thru the years when income may become more fixed. Anyone else have any thoughts??