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The housing challenge: is Homeshare the answer? : Comments
By Patricia Edgar, published 11/11/2015Alongside living changes involving multi-generational families, there are ingenious models for intergenerational living cropping up around the globe under the umbrella of Homeshare.
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With the current policy of the aged people having to use their own assets to buy their way into aged care facilities, I wonder what would happen to these 'share homes' if the older person physically couldn't stay at home anymore?
The Govt will consider the money put into the share home by the aged person as their 'asset', so unless the other members of the home can pay them out so their money goes to the aged care facility, then the share home will have to be sold!
Unless of course the younger household members can give up work to stay home and care for very physically or mentally disabled older relatives in the share home.
It is not an easy path to take...