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  1. #1

    Default There's a lot of money in retirement villages

    They are advertising many different retirement villages on the radio all day. There must be a lot of money to be made from selling retirement homes. There seems to be retirement villages all over the place. They are even advertising villages in Thames. So what is the attraction? Do you really want to live amongst a lot of other old fuddy duddies?
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  2. #2
    Senior Member
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    Default Re: There's a lot of money in retirement villages

    No worse than that funeral insurance crowd!!.

  3. #3
    Old guy
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    Default Re: There's a lot of money in retirement villages

    With the Baby Boomer generation now at retirement age there is indeed a great deal of money to be made farming them. They do not build those places because they like old people.

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    Remember Richard's Avatar
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    Default Re: There's a lot of money in retirement villages

    Quote Originally Posted by Roscoe View Post
    They are advertising many different retirement villages on the radio all day. There must be a lot of money to be made from selling retirement homes. There seems to be retirement villages all over the place. They are even advertising villages in Thames. So what is the attraction? Do you really want to live amongst a lot of other old fuddy duddies?
    Why did you include the word 'other'?

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    Awaiting Enlightenment R2x1's Avatar
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    Default Re: There's a lot of money in retirement villages

    Quote Originally Posted by Richard View Post
    Why did you include the word 'other'?
    Maybe he couldn't 'b' bothered doing an 'ed'?
    Last edited by R2x1; 07-09-2019 at 05:32 PM.
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  6. #6
    Senior Member piroska's Avatar
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    Default Re: There's a lot of money in retirement villages

    My grandparents went to one. One of those where you had your own unit, not all jammed into a boarding house type thing.
    They wanted to be near care, have the ability to have cleaning and grounds done for them etc.

    She died, then he lost his sight so did end up having the care.

    My mum said she'd rather be dead than live in one.
    Have to agree with that.

    But some I guess like the idea...the nice one,s for the rich that is.

    The get stuck in the horrible ones by kids who don't want to be bothered is another matter.
    friend of mine worked at one of those. (Shudder, some of things she told me)
    Ex-pctek

  7. #7
    Senior Member Digby's Avatar
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    Default Re: There's a lot of money in retirement villages

    I'm older now.
    But I do'nt want to live in one of those places, it would make me feel older than I am.
    I've seen the peopel there, they walk rounf all day, bobbing their heads and telling old stupid jokes to each other.

    But please make sure you understand the fine print.
    Your estate May (almost certainly) only get back what you paid for the unit less their exhorbitatant selling costs.
    So what colour is your Adkaf?
    Have you joined Proud to Be Kiwi yet?

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    Senior Member paulw's Avatar
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    Default Re: There's a lot of money in retirement villages

    Quote Originally Posted by CliveM View Post
    With the Baby Boomer generation now at retirement age there is indeed a great deal of money to be made farming them. They do not build those places because they like old people.
    They'd better make the most of it now as the next couple of generation won't have the assets to sell to get into one of these villages. I'm a boomer and there's no way I could afford to buy into one of these and live there.
    Regards,

    Paul W
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  9. #9
    Senior Member piroska's Avatar
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    Default Re: There's a lot of money in retirement villages

    Next gen? My mum couldn't afford to, even if she did want to.
    her house value is too low.
    Ex-pctek

  10. #10
    Rocket Dog WalOne's Avatar
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    Default Re: There's a lot of money in retirement villages

    What you need to know is retirement villages are essentially a value-added real estate marketing tool with a "guaranteed buy back". The ownership rights are, surprise surprise, slanted towards the retirement village company who would argue in defence that they are taking the resell profit - or loss (similar to the car industry's operating leases).

    "Value-added" is subject to interpretation but the retirement villages point to 24/7 care facilities. The facilities are run on a tight budget, and similar to many others in the hospitality industry, employ workers many of whom are here on a work visa. Most of these workers do not have English as their prime language and the employer relies on stringent operating procedures to try to ensure the rest home "inmates" do at least get some of the homes' promises met. The operation being run on a shoe string, employees are paid the minimum wage required by law. The penny-pinching extends to provision and the maintenance of equipment, again the minimums to get by.

    I had a period of recent employment as a part timer with one of these companies, a major employer in the industry. I left after only two months because of 1) safety issues and 2) in protest of the way I saw some of the "inmates" treated.
    Last edited by WalOne; 08-09-2019 at 03:41 PM.
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