retvilldotnet: Retirement Villages Equal Destruction of Retiree Capital

Sunday, 29 December 2024

Retirement Villages Equal Destruction of Retiree Capital

"New research from a retirement village analyst shows the dominant financial model for retirement villages, the loan/lease model, is causing a significant transfer of capital from retirees to retirement village operators." Click here for the full article - Destruction of Retiree Capital

"New research from a retirement village analyst shows the dominant financial model for retirement villages, the loan/lease model, is causing a significant transfer of capital from retirees to retirement village operators" https://t.co/4zW6TvuCXF @BradBattinMP @NStaikos #springst
— Les Scobie (@retvilldotnet) December 27, 2024

destruction of retiree capital from retirement villages

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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.