• Flying Squid@lemmy.world
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    11 months ago

    Elderly people without family support are going to end up on the streets en masse because of things like this.

    • Salamendacious@lemmy.worldOP
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      11 months ago

      “Everybody’s doing it. In capitalism, you try to get the highest price you can for a product.”

      • Martin Shkreli

      Who, if you don’t remember, obtained the manufacturing license for the antiparasitic drug Daraprim and raised its price by 5,455% (from US$13.50 to $750 per pill).

  • urist@lemmy.blahaj.zone
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    11 months ago

    Why y’all so bloodthirsty? These people might not be destitute but they’re not billionaires. They planned for a retirement and got it, and now they’re getting evicted. They’re victims of a cruel system that hurts everyone. Capitalism won’t even reward people who “play by the rules”, whatever those are supposed to be. Nothing wrong with having empathy. The same boot is stepping on poor people too.

    Maybe if people’s grandparents with nice retirements are getting evicted somebody will give a shit.

    • El Barto@lemmy.world
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      11 months ago

      Humans suck. They always have. You can’t expect them to do the right thing on their own. There must be laws, and there must be enforcement.

      Why isn’t the government stepping up to end this kind of greedy practice? Because it’s made out of humans and, well…

      … humans suck.

      • urist@lemmy.blahaj.zone
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        11 months ago

        Friend, “humans suck” is an easy opinion to hold if you’re already feeling defeated. Things can be better but enough people have to want it. I refuse to give up. I’ll do what I can, even if it’s only voting. Even if it’s just speaking up when people in my IRL life hold half-baked opinions and spread misinformation.

        I will have hope, I think you should too.

        • El Barto@lemmy.world
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          11 months ago

          Don’t get me wrong. I’m an eternal hoper and I always do my part.

          Yet I can still hold my opinion.

          And that was a major red herring anyway. OP asked “why so bloodthirsty?” and the answer is that humans suck.

      • HurlingDurling@lemm.ee
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        11 months ago

        Sorry, but as a human I have seen the good things we also do. You look like you are surrounded by either humans with toxic personalities, people who are oppressed by capitalism (the rat race), or have some underlying mental issues yourself. Regardless of what the reason may be, please get mental help, and no this isn’t in any way a funny pun or an insult to you, I just want you to know that you are loved and with mental help you can see how beautiful people can be (I did).

        Please take care random internet stranger.

        • El Barto@lemmy.world
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          11 months ago

          See how I know that humans suck? You just assumed a whole lot of negative stuff about me, without knowing nothing about me. And I really, really want to think that you’re being genuine, but you sound like the “I’ll pray for your salvation, you poor lost soul” condescending crowd.

          Regardless, that’s fine. I made sure that my mental health is well taken care of, I surround myself with beautiful, supportive, well-rounded peeps, and I don’t take unimportant things too seriously unless I’m bored.

          You too take care, internet stranger.

  • tsonfeir@lemm.ee
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    11 months ago

    Market rate, bitch, pay up or hit the streets. #trump #republican #deregulation #sarcasm

  • afraid_of_zombies@lemmy.world
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    11 months ago

    On the off chance I ever retire I am never going to a retirement community. I will either bother my remaining family with my care or just be found a month later during a wellness checkup, dead on my own kitchen floor after falling.

    I don’t trust these “communities”. I don’t trust any “community” that has a buy in.

    • HurlingDurling@lemm.ee
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      11 months ago

      My plan is to go to a South American country where I can get a living visa to live of the pennies I’ll get from my Social Security checks in one of their elderly care facilities.

    • ExLisper@linux.community
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      11 months ago

      Is there a difference between retirement community and retirement home? In Spain residences for older people are very popular and nice. I know people living there and they are very happy, better than they would be at home by their own admission.

  • But Class War [Illinois]@midwest.social
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    11 months ago

    Sam Zell was doing the same shit in the '00s (and still is) and even in the same area https://www.chicagotribune.com/news/ct-xpm-2007-05-27-0705260052-story.html this one ended up with my grandmother losing her retirement plans she financing.

    There’s always scams and they often target those most vulnerable who can’t fight back. You’d think there should be some protections or safety nets but gods of capitalism require blood sacrifices

  • Birdie@thelemmy.club
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    11 months ago

    My 95 year old mom lives in an assisted living facility. She’s in a 1 bed, 2 bath apt with a kitchen and living area. Her utilities and meals are paid for. Her rent is over $6k a month, and she’s still fairly independent. She’s in her right mind–no dementia at all. She can bathe and dress herself, get herself to the bathroom, get herself into and out of bed, can walk without assistance and handles her own meds.

    Once she needs assistance with any of the above, her rent goes up by $1k a month.

    She just got a complete health workup, and they gave her a life prediction of 10 years. (Her mom and aunts/uncles all lived to be at least 104.)

    Luckily, my dad left her with a sizable amount of money and income from SS and some annuities, but if she does live 10 more years, those annuities will be depleted and so will her savings. She will not be able to afford to stay; SS will never cover her rent.

    It keeps me up at night. We are already paying for half my MIL’s assisted living. How will we ever afford to help both?

    It’s terrible to find yourself hoping your mom doesn’t outlive her money.

    • Salamendacious@lemmy.worldOP
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      11 months ago

      States are different. I have a loved one who lives in a similar situation. A one bedroom apartment with only retired people but the rent is capped at ⅓ monthly income (savings don’t count). We can treat our elderly with dignity. We just have to be willing to pay for it and vote for politicians who are willing to enact it. Children, elderly, people with special needs, etc. it frustrates me to no end how we’ll just throw them aside so our taxes can be just a little bit lower.

  • trash80@lemmy.dbzer0.com
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    11 months ago

    People like French paid a few hundred thousand dollars upfront to live in the community, then taxes, utilities, and a maintenance fee every month. In recent years, that maintenance fee has risen above $1,300.

    What was coming was $6,150 a month, a more than 300% increase from new property owner, Jaybird Senior Living.

    Rental amounts are “based off fair market rates,” Jaybird said in a statement. The new fee includes taxes, gas, and electric

    …and rent.

    French couldn’t stomach the new rent. Neither could other socialites. Many moved.

    The article neglects to explain that the management changed the entire business model of this community, and the new way of doing things is to charge people rent instead of requiring people to fork over a giant chunk of cash as a “buy-in.”

    The townhome units at River Glen of St. Charles recently went from a non-rental to a rental structure. The decision to transition the townhome housing model was guided by the increasing demand for rental structures versus buy-in. As the baby boomer generation ages, there has been a noticeable shift toward communities that cater to specific lifestyle preferences while remaining financially accessible, mirroring an industry-wide transition away from the outdated buy-in model.

    By shifting away from the buy-in model, we are following trends set forth by other senior living providers within this market.

    The article makes it sound like someone bought the place and jacked up the monthly maintenance fee by $5000 just because “fuck you.”

    • Overzeetop@kbin.social
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      11 months ago

      The article makes it sound like someone bought the place and jacked up the monthly maintenance fee by $5000 just because “fuck you.”

      Well, given that they bought in under the lump-sum + maintenance model and have somehow been “upgraded” to the rental model, that’s exactly what happened. It would be like buying a home and then the old owner coming back and saying, “you know what, I could get more money renting this place - you have to pay rent now.” These people likely sold their house and used that money to buy into the community - essentially paying for the right to use the building until they die. It’s common in CCRC facilities (continuing care retirement community). You essentially pay for the plant and then pay maintenance, and they guarantee that they will have a spot for you in their care facility as you need more assistance (Independent living -> Assisted Living -> Nursing and/or Memory Care - Hospice). It’s much like a reverse mortgage in that you “buy” your “home” and get to live in it until you die, at which point the deed is turned over with your heirs getting nothing. Except that in this case you don’t get a monthly payment; instead you pay a fee for the facility services which is free of a rent cost. As you move up in care, the fee gets larger to cover the additional services (additional meals, personal assistance, and ultimately nursing care), but it’s just for utilities and services - your payment covers the physical buildings. As you move up, people behind you buy in and that money is used for (CEO bonuses) maintenance and updates to the buildings. Many of these are “non-profits” so the extra money technically isn’t for profit, but there are lots of corporate mouths to feed in CCRCs and they find ways to distribute the money.

      • trash80@lemmy.dbzer0.com
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        11 months ago

        Well, given that they bought in under the lump-sum + maintenance model and have somehow been “upgraded” to the rental model, that’s exactly what happened.

        It doesn’t sound like it:

        The townhome residents were part of an agreement that allowed for this restructuring. Those who chose not to transition to the monthly rental structure did so in accordance with the terms of their contracts. We accommodated all residents. All were afforded the opportunity to stay in their townhome under their existing contracts until those contracts expired. Those who chose to leave did so through a negotiated buyout process, as permitted by their contracts.

        • MotoAsh@lemmy.world
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          11 months ago

          Uhh… that’s EXACTLY what it sounds like? Or are you one of those morons that cannot read between the lines of corpo speak?

          • trash80@lemmy.dbzer0.com
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            11 months ago

            You said:

            These people likely sold their house and used that money to buy into the community - essentially paying for the right to use the building until they die.

            Company says:

            All were afforded the opportunity to stay in their townhome under their existing contracts until those contracts expired.

            What am I missing?

            • Overzeetop@kbin.social
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              11 months ago

              From the article it sound like there was no maintenance escalation clause limitation - they bought in for, say, $750,000 with a payment of $1000/month in fees, per their contract. Each year the contract maintenance increases (since costs increase) and it had gone up to ~$1300…then, all of a sudden, the owner decided that they weren’t getting enough people with $750k to drop up front and added a $6.5k/month option with little or no buy in. When these residents rolled to their annual renewal, instead of the normal 3-6% increase, they were “upgraded” to the new rental-based prices - $6.5k.mo. Their contract is still valid, and they can still stay there, but based on the lawyers these people have gone to about the increase, it’s all 100% legal because there is no limit in the contract on how much the fee can increase.

              • trash80@lemmy.dbzer0.com
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                11 months ago

                Thank you for taking the time to try to explain this.

                When these residents rolled to their annual renewal, instead of the normal 3-6% increase, they were “upgraded” to the new rental-based prices - $6.5k.mo.

                I did not think it was set up for annual renewal like that.

    • CmdrShepard@lemmy.one
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      11 months ago

      The article makes it sound like someone bought the place and jacked up the monthly maintenance fee by $5000 just because “fuck you.”

      That’s exactly what they did though. It’s like buying a lifetime app purchase and then a few months later the app goes subscription based and demand you pay more, except this is people’s shelter.

  • Very_Bad_Janet@kbin.social
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    11 months ago

    From lunch to happy hour, neighbors in the western suburbs love nay excuse to be social, but one group of best friends is breaking up.

    If they can’t bother to copy edit their lede paragraph, I’m not reading the article.

    • mommykink@lemmy.world
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      11 months ago

      I’ve seen so many simple mistakes and misspellings on supposedly serious news websites recently. Are journalists not taught basic writing and proofreading skills anymore?

      • nicetriangle@kbin.social
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        11 months ago

        As I understand it everyone is being paid peanuts to write these days so to make a living they have to churn out a ton of stuff which means attention to detail goes by the wayside

        • Very_Bad_Janet@kbin.social
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          11 months ago

          It’s not the fault of the writer. It’s the fault of the (non existent?) copy editor. When I see a blatant typo in the very first paragraph it makes me doubt the fact checking of the entire article - what else wasn’t looked over?

          • nicetriangle@kbin.social
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            11 months ago

            I’m assuming everyone involved in journalism is getting the squeeze these days so I guess same thing applies there too

      • TigrisMorte@kbin.social
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        11 months ago

        No time for that as must get the story up for the clicks! Oh, and the pay is pitiful so they are all working a half dozen stories and perhaps ghost writing a book or two just to get by.