"Living in a retirement village has the capacity to be a great lifestyle decision, sadly it also has the capacity to be your very worst financial decision." - RETVILLDOTNET.
An example for a village with the Deferred Management Fee calculated on the ingoing $$$.
"My father must have been one of the few people who lost money when he sold his home in a booming Melbourne property market. This huge loss on his home, in a popular suburb not far from the CBD, was despite it selling for more than he paid for it. The problem? He bought into a retirement village." - Diana Thorp. Sunday Herald Sun. 22/08/21
An example for a village with the Deferred Management Fee calculated on the outgoing $$$.

Wednesday 28 October 2020

Walking On The Graves Of Victorians Speech

Walking On The Graves Of Victorians Speech by Victorian federal politician Josh Frydenberg.

The words below although not written by me accurately sum up how I and many Victorians feel today.   

After the grossly insulting 'Walking on the graves of Victorians' speech by Josh Frydenberg in federal parliament even more so. 

REMEMBER

Remember the people who said Covid-19 was a hoax.

Remember the people who said under 5 was impossible.

Remember the people who said zero was impossible.

Remember the people who said Sweden was the Covid-19 model. 

Remember the people who said the old should be sacrificed for the young.

Remember the people who said schools were completely safe.

Remember the people who said herd immunity was the goal.

Remember the people who said hydroxychloriquine was a cure.

Remember the people who put their wealth above lives. 

Remember the people who said 'come out from under the doona'.

Remember the people who said Melbourne was at breaking point.

Remember the people who profiteered from JobKeeper.

Remember the people who profiteered from Aged Care.

Remember the people who sought to undermine and divide.

Remember the people who said it was just a touch of flu.

Remember the people who said it wasn't very contagious.

Remember the people who said we can live with it.

Remember the people who said it would just go away.

Remember the people who left non-citizens to starve.

Remember the people who bridled at every step.

Remember. Never trust them again. Remember.



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Function of Government

The role of government is to create an environment for commerce to function whilst at the same time protecting retirees and particularly vulnerable retirees from both financial and emotional harm emanating from that function.

The Victorian Retirement Villages Act 1986 provides the environment for commerce to function but fails to fully protect retirees from financial and emotional harm as a result of it.

The Victorian legislative definition of a retirement village in demanding the payment of an 'in-going' amount without the transfer of property ownership is a major contributor to that financial and emotional harm suffered by retirees.


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