more warnings about retirement villages of the ‘licence to occupy’ type

Waikanae Watch

An article from a couple of days ago. We’ve commented several times about these high profit property renting businesses, and while some are run ethically, we know from our own observations that there are also some managed by amoral and unscrupulous types.

_____________________________________________________________

We’ve all seen thepicturesof the carefree silver haired couple enjoying a resort-like lifestyle in a ‘lifestyle village for the active retiree’but as Diana Clementwrites, residents are finding thatisnot the reality.

The Poynton, like hundreds ofretirementvillages across New Zealand,makes money by selling licences to occupyindependent livingunits, to retired people. For $670,000 toover $1 million,The Poyntonresidentsget to live in“pure luxury”, “the pinnacle of retirement living”, “unrivalled comfort, security and peace of mind so you can truly enjoy life”.

But lift the lid and the picture starts to look different.

Full article

View original post

Advertisements

Your comments are welcomed

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s