Pensioner Anger Over Retirement Housing Woes

Pensioners express their anger over issues found in Retirement Villages - https://www.9news.com.au/national/retirement-village-contracts-unfair-ombudsman-call/26a5b3cc-9df3-4ef3-a054-9ec1dc608aca

Government Denies Rent Assistance To Retirees.

.@ScottMorrisonMP gov't denies rent assistance to retirees who pay more than $207,000 to enter #retirementvillage, not to buy simply lease. Needs strong voices in Canberra to fight for change-Impacts hard on elderly single females @HelenHaines1 @zalisteggall @JacquiLambie @sdanck pic.twitter.com/gWsaupLC5R

— Les Scobie (@retvilldotnet) May 20, 2019

Destruction of Retiree Capital from Retirement Villages

Destruction of retiree capital from entering a #retirementvillage. Creates inability for retiree to change direction and reduces capacity to fund own #agedcare costs on departure. Taxpayer has to chip in to support. #auspol @KenWyattMP @JoshFrydenberg @acccgovau @abc730 pic.twitter.com/MUwAlWLerN

— Les Scobie (@retvilldotnet) May 19, 2019

Australian Taxpayers Fund Profits Of Retirement Village Operators

How Australian taxpayers indirectly fund the profits of #retirementvillage operators. Retiree-Sale of Family Home-Enter Retirement Village-Not So Cashed Up Retiree-Reduced ability to fund own #agedcare costs-Taxpayer has to chip in. #agedcarerc #auspol @KenWyattMP @JoshFrydenberg pic.twitter.com/URUf9uImNP

— Les Scobie (@retvilldotnet) May 19, 2019

Retirement Villages Produce Worst Financial Outcome

Governments encourage retirees into #retirementvillages but it produces the worst financial outcome for them. Summed up best by "The transfer of intergenerational wealth, not to families, but into the pockets of large multinationals" Tom Gait - RVRA. #auspol #vicpol @sdanck pic.twitter.com/pztqwbcsWx

— Les Scobie (@retvilldotnet) May 17, 2019

Deferred Management Fee Fails Retirees

As the entry cost to lease a unit in a #retirementvillage moves closer to the purchase cost of a commensurate unit within the general community, the greater the Deferred Management Fee model used by the industry fails retirees. #vicpol @MarleneKairouz @michaelobrienmp @abc730 pic.twitter.com/UyzN5cAnnX

— Les Scobie (@retvilldotnet) May 16, 2019

Vic LSIC Inquiry Into Retirement Villages Failed Retirees

Vic LSIC inquiry into #retirementvillages failed, report concluded 'all is well' then KAPOW just 3 months later ABC 4 Corners 'Bleed Them Dry Until They Die'. HOW COULD THEY GET IT SO WRONG. #vicpol @DanielAndrewsMP @MarleneKairouz @consumervic @michaelobrienmp @abc730 @TerpsMLC pic.twitter.com/WZjS19CHyz

— Les Scobie (@retvilldotnet) May 15, 2019

Victoria Lagging On Retirement Village Reforms

NSW, QLD & SA have all moved forward but Victoria still frozen in time when it comes to Retirement Village reforms. @DanielAndrewsMP @MarleneKairouz @michaelobrienmp @JaclynSymes @Tim_McCurdy #vicpol pic.twitter.com/onfGV8qdCm

— Les Scobie (@retvilldotnet) May 15, 2019

Capacity to Mislead Retirees

Consumer Affairs Victoria continues to print material that has capacity to mislead. In booklet on #retirementvillages people responsible do not know marketplace or set the highest standard. @MarleneKairouz @consumervic @michaelobrienmp @abc730 @acccgovau @DanielAndrewsMP #vicpol pic.twitter.com/QlGkCPupqx

— Les Scobie (@retvilldotnet) May 14, 2019

Misleading Language and Retirement Villages

'Capacity to Mislead' language found in a newspaper supplement on retirement villages. A phrase such as 'significant financial investment' rather than 'significant financial expenditure'. 'Investment' - the action or process of investing money for profit. @acccgovau @sdanck pic.twitter.com/hVgoSjjsMv

— Les Scobie (@retvilldotnet) May 13, 2019

Capacity To Mislead Language & Retirement Villages

More capacity to mislead language from newspaper supplement on retirement villages. 'Retirement Community contracts are not dissimilar to property purchase contracts'. Rubbish, not similar at all. One purchases property, other merely grants conditional right to occupy. @acccgovau pic.twitter.com/mveZLqLJ6g

— Les Scobie (@retvilldotnet) May 13, 2019

Aged Care Royal Commission & Retirement Villages

Two reasons Retirement Villages (RV) needed to be part of the #agedcarerc - #retirementviilages the new aged low care so Commonwealth laws needed. RV residents become more dependent on aged care taxpayer funding as their capital base is decimated by RV business model. @KenWyattMP pic.twitter.com/Vj8r099u06

— Les Scobie (@retvilldotnet) May 13, 2019

Industry Needs Definition of Retirement Village.

Meaningful #retirementvillage reforms! Revised legislative definition of a retirement village! Retirement Living industry Ombudsman! "No one in Victoria gets left behind" I think the @DanielAndrewsMP forgot one group. @MarleneKairouz @michaelobrienmp #vicpol @acccgovau @abc730 pic.twitter.com/H5SItcCbiT

— Les Scobie (@retvilldotnet) May 10, 2019

Light Bulb Change Fee Cancelled

N E Vic #retirementvillage withdraws plans to introduce a charge to change a light bulb for elderly residents. Residents already pay $84pw each for maintenance and administration and this service will remain within this fee, a win for residents. @JaclynSymes #vicpol @Tim_McCurdy pic.twitter.com/a9ZV6nZ14b

— Les Scobie (@retvilldotnet) May 9, 2019

How Grandma and Grandpa Become Corporate Financiers

If you are a legislator and you don't understand this story, then you shouldn't be making laws about retirement villages. https://t.co/l9ksrahTZ9 A must read for all legislators.
@Matt_KeanMP @MarleneKairouz @acccgovau @consumervic @MatthewGuyMP @abc730 #vicpol @DanielAndrewsMP pic.twitter.com/xb4OYT87aI

— Les Scobie (@retvilldotnet) May 6, 2019

State Retirement Village Legislation Flawed.

State Gov's by flawed legislation build a dream of life in a #retirementvillage but create a financial nightmare by making Grandma & Grandpa corporate financiers. https://t.co/cf7hYwecE9 @Matt_KeanMP @MarleneKairouz @acccgovau @consumervic @MatthewGuyMP @abc730 #vicpolcreate pic.twitter.com/5OL2ymi4Ob

— Les Scobie (@retvilldotnet) May 6, 2019

Consumer Advocates Critical of LSIC Report

What consumer advocates thought of March 2017 Vic parliament LSIC report into #retirementvillages. ABC exposed the industry in June 2017 and showed the committee simply seduced by the industry. #vicpol @MarleneKairouz @consumervic @MatthewGuyMP @abc730 @TaniaMaxwell14 @TerpsMLC pic.twitter.com/pwthpGIKS6

— Les Scobie (@retvilldotnet) May 6, 2019

LSIC Committee Gets It Wrong

March 2017 LSIC committee of Vic parliament says all well with #retirementvillage industry, 3 months later and KABOOM! Did they really understand the industry or simply seduced by the industry. #vicpol @MarleneKairouz @consumervic @MatthewGuyMP @abc730 @TaniaMaxwell14 @TerpsMLC pic.twitter.com/BLEuJ3TTXh

— Les Scobie (@retvilldotnet) May 6, 2019

Retirement Village Charge to Change a Light Bulb

N E Vic retirement village introduces $15 charge to change a light bulb for elderly residents, they already pay $84pw each for maintenance. So much for any consumer protections under the Act. hey @DanielAndrewsMP @MarleneKairouz @consumervic , @abc730 @michaelobrienmp #vicpol pic.twitter.com/2AkMKC0Pn6

— Les Scobie (@retvilldotnet) May 6, 2019

Primary Features of a Retirement Village

The primary features of a 'defined' retirement village in Victoria. All this on a property the retiree will never own making it the most expensive residential accommodation category. @DanielAndrewsMP @MarleneKairouz @michaelobrienmp #vicpol @abc730 @acccgovau @sdanck @consumervic pic.twitter.com/Tp6ekrBcrA

— Les Scobie (@retvilldotnet) May 3, 2019

Commonwealth Laws For Retirement Villages?

Commonwealth laws for #retirementvillages - Given the poor history of state controls, in home packages under federal laws, https://t.co/S7itoxjjoh is a most reasoned argument for the commonwealth to take control of retirement village laws. @acccgovau #agedcarerc @KenWyattMP @smh pic.twitter.com/nzpUzEfd6g

— Les Scobie (@retvilldotnet) May 3, 2019

Victorian Retirement Living Retirees Least Protected.

Consumer protections for retirees living in #retirementvillages in Victoria are the weakest in the nation. Time to step up @DanielAndrewsMP and @MarleneKairouz. Lead the nation and establish a 'Retirement Living' industry Ombudsman. #vicpol @abc730 @acccgovau @sdanck @consumervic pic.twitter.com/u7S8Uca2nM

— Les Scobie (@retvilldotnet) May 2, 2019

Danger for Retirement Village Residents

DANGER DANGER for #retirementvillage residents from falling property prices. Although only a lessee access to capital gains also means responsibility for any capital losses. @DanielAndrewsMP @MarleneKairouz @michaelobrienmp #vicpol @abc730 @acccgovau @sdanck @GladysB #NSWpol @smh pic.twitter.com/6PnF0GexpW

— Les Scobie (@retvilldotnet) May 2, 2019

Dilemma for Cashed Up Retirees

Dilemma for cashed up retirees. Downsize to a Retirement Village, take a Residential Tenancy and invest the capital or stay in the Family home with a home care package. The $$$ financial answer is in the chart below. @sdanck @acccgovau @abc730 @Bowenchris @ScottMorrisonMP #auspol pic.twitter.com/EqxXxifW82

— Les Scobie (@retvilldotnet) May 1, 2019

Victorian Legislators Fail Retirees

Victorian legislators failed retirees in 2017 and are continuing to fail them. Victoria is the only state not to make any meaningful retirement village reforms. @DanielAndrewsMP @MarleneKairouz @michaelobrienmp #vicpol @abc730 @acccgovau @sdanck @theprojecttv pic.twitter.com/H7fzss8X8s

— Les Scobie (@retvilldotnet) April 30, 2019

Decimation of Retiree Capital

A Loan-Lease Retirement Village can decimate retiree capital over a short period. From an ingoing amount of $800,000, not for ownership just a right to occupancy, to $293,948 on departure in just 7 years. @MarleneKairouz @michaelobrienmp #vicpol @sdanck @acccgovau @abc730 pic.twitter.com/YKo2AkOA1c

— Les Scobie (@retvilldotnet) April 29, 2019

Feared Regulator

"Without a feared regulator, people with questionable ethics will push the line", equally applicable to the #retirementvillage industry. If you don't understand this you shouldn't be a legislator. @DanielAndrewsMP @MarleneKairouz #vicpol @sdanck @acccgovau @michaelobrienmp pic.twitter.com/A0YeNMcmOD

— Les Scobie (@retvilldotnet) April 26, 2019

Retirement Village or Residential Tenancy or Family Home

WHAT WOULD YOU DO? - Downsize to a Retirement Village, take a Residential Tenancy or stay in the Family home. The $$$ financial answer is in the chart below. @MarleneKairouz @michaelobrienmp #vicpol #auspol @sdanck @acccgovau @theprojecttv @abc730 @GladysB #NSWpol pic.twitter.com/0lrXAdd4nW

— Les Scobie (@retvilldotnet) April 25, 2019

Retirement Villages Or Residential Tenancy

Interesting comparison between the cost of living in a #retirementvillage and just renting. Extras in a retirement village like a pool, village hall etc certainly come at a high cost to retirees. @MarleneKairouz @michaelobrienmp #vicpol @acccgovau #auspol @abc730 'Lest We Forget' pic.twitter.com/X52E6VQ6B7

— Les Scobie (@retvilldotnet) April 24, 2019

Retirement Villages Negative Impact On Aged Care Budget

NSW Minister @Matt_KeanMP says he likes #retirementvillages because they come at no cost to government. He should clarify 'state' govt as they become a cost to 'federal' for aged care from retiree capital destruction. @GladysB @NSWLabor #NSWpol @acccgovau @abc730 @neighbour_s pic.twitter.com/1JLhEdVUK6

— Les Scobie (@retvilldotnet) April 23, 2019

Retirement Village can Decimate Retiree Capital

A Loan-Lease Retirement Village can decimate retiree capital over a short period. From an in-going amount of $800,000, not for ownership just for occupancy, to $293,948 on departure in just 7 years. @MarleneKairouz @michaelobrienmp #vicpol @sdanck @acccgovau @abc730 @acccgovau pic.twitter.com/vE6UBGgeny

— Les Scobie (@retvilldotnet) April 22, 2019

Retirees Can Wait 18 Months

.@AnnastaciaMP @MickdeBrenni government seduced by #retirementvillage industry requiring retirees to wait up to 18 months for their money back on leaving the village, all on a property they do not actually own. Where do they live whilst waiting, on the streets? @DebFrecklington pic.twitter.com/NzNY8Wst2l

— Les Scobie (@retvilldotnet) April 22, 2019