Saturday, 30 June 2018

Grandma & Grandpa Are Corporate Financiers

In a great article at Michael West goes behind the veil of the retirement village industry.

He points out that Grandma and Grandpa have become, unbeknown to them, corporate financiers through their lease/licence of a unit in a retirement village.

"It would be interesting to know just how many retirees know, when they finally alight upon a leafy retirement village to while away their twilight years, that they are using their nest eggs to make a large, unsecured, interest-free loan to a property developer."

This article is a must read for all legislators, current and prospective residents of a retirement village.

Read the full story here -

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