In Los Angeles, the median monthly cost of residing at an assisted living facility or nursing home exceeds $5,000 and $10,000, respectively, putting immense pressure on seniors.
Many seniors fear losing their homes due to rising living costs, leaving them torn between their desire for independence and the need for supportive living situations.
Shared housing programs not only provide affordable housing options but also foster companionship, reducing feelings of loneliness and associated health risks among seniors.
The shared housing model is a practical solution that allows senior homeowners to earn extra income while offering affordable living options to those in need.
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