Paying rent is throwing your money away. Making payments to own a place is called EQUITY.
You get your equity back, and with any luck, you make more, when you sell the place.
Renters never get anything back except maybe the deposit.
Grandma's money can be kept in the family if it's not wasted on renting some place, and goes to buying a place instead.
Grandma, would you rather give 50K to your kids and grandkids, or to some stinking landlord?
BUY, DON'T RENT!
But of course, buy some place that isn't likely to lose value.
CJ