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It reminds me of the retirement home where my grandmother lived for several years. Her room was like a one-bedroom apartment without a kitchen. I visited her for meals which were served in what looked like a hotel restaurant. Guests could pay for a meal individually. The total cost for her was not extravagant--cheaper than living in a house and making your own food.

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When you say "cheaper than living in a house" are you talking about one with a mortgage or one you own and just pay taxes and utilities? Because the later is hard to beat.

If you're of the age or condition where you're living in a retirement home, there's likely the additional costs of at-home care, panic / fall systems, etc. to add to your "living in a house" costs.

Nothing is cheaper than another thing if you arbitrarily remove a sufficient almost of the cost. If you have equity you can use that to pay for your apartment.

But what parent was saying is that a small assisted living apartment is cheaper than a big unassisted house.

Sounds... improbable?

Are you sure you’re not just comparing two areas of different cost of living?

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