Every year in October the Atria my Mother is at in So Cal raises the rents beyond a normal and acceptable rate. (She is in the Independent Living area of the facility, so she pretty much takes care of herself). The entire community of residents are all SO worried that they are going to have to move and it's causing extreme undue stress on them and family members. Several times EVERY day my Mother brings it up and says she has to move along with several other residents. It's ALL they talk about and it's so wrong. Who can be contacted about this serious problem in upper government? Why aren't the elderly protected when it comes to this? The astronomical fees and the yearly increases are beyond the normal inflation rates, and it's a form of ABUSE in my opinion. Taking advantage of the Elderly is ABUSE. I visit daily and it's all the residents talk about!! I'm going to contact Social Services regarding this to make a formal complaint. Atria Corporate does not care and only wants to rip everyone off just like all of the other Assisted Living facilities. Someone needs to do something about this!!
I don't know if AL counts as rental property (I doubt it), but California has a 10% limit on how high rents can be raised each year, and individual cities often have their own rent control laws.
This is why I steered clear of big chain nursing facilities for my mother. They're all about the money first and foremost.
Same as your option is to get your mother out of Atria and into a different IL or AL.
If you find the right 'upper government' person to contact to remedy this problem, please post about it so we can ALL get this problem rectified, especially those of us living on fixed incomes and watching our life savings get eaten up by inflation. But like you said, the government has pretty much destroyed our economy which will get even WORSE in January when gas prices are slated to go up once again. But hey, these politicians have to keep getting THEIR 6 figure incomes raised even HIGHER every year while the rest of us poor slobs struggle to survive......all they have to do is keep raising taxes! Greed knows no bounds, does it?
God help us all.
The day of inheritances from the average joe are going away, as we are all living too long.
On the flip side, everyone is paying more for everything and so prices increase accordingly.
I feel sorry for younger people who are just starting out. I feel equally sorry for older people who don’t have resources to meet their needs.
The guy in the middle suffers too because they make too much money to receive a helping hand when they need it.
We are all hurting unless we are very wealthy!
All of that said, it is very sad. I remember my brother going into his ALF and their saying (just before covid) that we could expect (and this was in writing) yearly raises on anniversary of intake of 3% to 5% barring anything unforeseen. Well, Covid came. And that was that. While my brother is now gone, I would bet raises are above that now.
Alas. We all have our stories. And it IS tough. But there are more and more and more seniors. We ARE the commodity that needs the commodity of housing. And the costs will continue to surge as long as the traffic can bear it.