The new rate for my mother’s assisted living has now been calculated at $177 a day with and additional $15 a day for med assistance. my daughter says that we should put her up at the local hotel and hire a caregiver.
A hotel would probably be cheaper than some assisted living although the hotel might object to having the liability. My preferred solution to give people as much independence as possible and try to gain even more, regardless of the cost. The money can run out however, and then you are shipped to a Medicaid approved old people's warehouse.
you could buy a house with an in-law apartment cheaper and own it when you are done