Not necessarily. Even in private care facilities (assisted living through resident care) there are a percentage of units subsidized by the government. So, there is always going to be space for seniors who have more modest incomes. You have to remember that you cannot compare rent at a care facility to the rent you might pay as a younger working person in a condo or apartment. These facilities include meals, nursing care, coordinated activity and exercise, etc. You have to analyse the monthly cost with what is being provided and not try to compare apples to oranges by comparing to non-care rentals.
The point you miss is that this government subsidization of certain lower income earners is at our expense and the Capitalist owners make the money. Also to note is that many estates cease to exist because of this high level living and children and grandchildren are losing their financial legacies.
Yes the owners make money... what is so bad about that?
You live in a capitalist society, you are welcome to live in one of the communist nations if you wish, but I think you will see that they do not function, and can not look after their seniors the way that we do.
Yes it is costly, but it also represents a net increase in the number of spaces available. The old spaces are still available, and since the rich people who used to occupy those places now have an option there are probably more spaces available for lower income groups too. Win win
Who promised any children or grandchildren any kind of financial legacy? In this age of longer lifespans, to expect any kind of legacy is incredibly naive (not to mention having a grossly entitled sense of worth!). Who knew communists coveted inheritance! LOL!
I think the second Anon above needs to understand how the business of community retirement living works. With "independent living" there are no subsidies - potential residents need to be able to look after themselves, financially and otherwise. In order to qualify for government assistance, the individual needs to be assessed and approved for "assisted living", and only then do they get government help. Not all facilities have three levels of care - some are just the "independent" level and they are under no obligation to provide "assisted" living which obligates them to provide such things as on-site nursing care, etc.
People who move into facilities like Amica and Pacific Arbour often stay for only two or three years before they pass away or require an increased level of care. And they're paying 100% of the cost themselves until then.
To the last anon, what planet are you from? If you want to live in a communist state, then move to Cuba.
The "evil capitalist" in this instance has likely a track record of success and has been able to raise the funds to construct the building and rent it out, so yes, he takes the risk. It's a business, and any business owner takes the risk that he has something to sell the other people want to buy. What's wrong with that? He is not making $$ at anyone's expense except his own. And looking after people in their senior years is not a scam. People know what they're paying and getting before they commit to move in.
You appear to be suffering from a severe case of paranoia so I suggest that you speak to a psychiatrist, but since he gets paid out of the public purse, you probably think that he's scamming you too!
My friend lived at Churchill House for 6 years. She paid $15,000 per month. 15,000 X 12 X 6 = $1,080.000.
It's very interesting that as soon as her money ran out she was transferred to Evergreen House and now shares a room with 3 women and gets a bath once a week.
Residents pay a percentage of after tax income at that facility. So if her income allowed her to pay $15,000 per month there must have been other reasons for her running out of money. I doubt very much that she paid $15k per month.
Indeed. This blog has slid into obscurity since it changed hands. Two posts in a month just won't cut it. Add the latest snubbing of his only real posters and I think this place has fallen off the radar. I know I rarely even bother checking in. It used to be worth a daily visit. Shame that the owner doesn't have the time for it.
I looked at the City site and it's great if you live in the City. I live in the Dist. and I think that even the N. Van discussion is somewhat limited and sometimes a N. Shore perspective might be a good idea.
Anyway, right now this is a dead site walking and I'm still hoping some new topics will be posted by those with the credentials to do so.
22 comments:
I would kind of question Brian on those who don't have million dollar plus homes to sell. Doesn't this develepment exclude this category of senior?
Not necessarily. Even in private care facilities (assisted living through resident care) there are a percentage of units subsidized by the government. So, there is always going to be space for seniors who have more modest incomes. You have to remember that you cannot compare rent at a care facility to the rent you might pay as a younger working person in a condo or apartment. These facilities include meals, nursing care, coordinated activity and exercise, etc. You have to analyse the monthly cost with what is being provided and not try to compare apples to oranges by comparing to non-care rentals.
The point you miss is that this government subsidization of certain lower income earners is at our expense and the Capitalist owners make the money. Also to note is that many estates cease to exist because of this high level living and children and grandchildren are losing their financial legacies.
Yes the owners make money... what is so bad about that?
You live in a capitalist society, you are welcome to live in one of the communist nations if you wish, but I think you will see that they do not function, and can not look after their seniors the way that we do.
Yes it is costly, but it also represents a net increase in the number of spaces available. The old spaces are still available, and since the rich people who used to occupy those places now have an option there are probably more spaces available for lower income groups too. Win win
Who promised any children or grandchildren any kind of financial legacy? In this age of longer lifespans, to expect any kind of legacy is incredibly naive (not to mention having a grossly entitled sense of worth!). Who knew communists coveted inheritance! LOL!
Off topic. Link to today's Tyee re: North Vancouver Seymour and the BCNDP.
http://thetyee.ca/News/2013/08/12/BC-NDP-Post-Election-Advice/
I think the second Anon above needs to understand how the business of community retirement living works. With "independent living" there are no subsidies - potential residents need to be able to look after themselves, financially and otherwise. In order to qualify for government assistance, the individual needs to be assessed and approved for "assisted living", and only then do they get government help. Not all facilities have three levels of care - some are just the "independent" level and they are under no obligation to provide "assisted" living which obligates them to provide such things as on-site nursing care, etc.
People who move into facilities like Amica and Pacific Arbour often stay for only two or three years before they pass away or require an increased level of care. And they're paying 100% of the cost themselves until then.
And the evil capitalist owner takes on the risks instead of the tax payer... That's good right?
The evil capitalist owner makes the $$ at our expense. What are his risks? Bankruptcy, no way. The scam works.
To the last anon, what planet are you from? If you want to live in a communist state, then move to Cuba.
The "evil capitalist" in this instance has likely a track record of success and has been able to raise the funds to construct the building and rent it out, so yes, he takes the risk. It's a business, and any business owner takes the risk that he has something to sell the other people want to buy. What's wrong with that? He is not making $$ at anyone's expense except his own. And looking after people in their senior years is not a scam. People know what they're paying and getting before they commit to move in.
You appear to be suffering from a severe case of paranoia so I suggest that you speak to a psychiatrist, but since he gets paid out of the public purse, you probably think that he's scamming you too!
My friend lived at Churchill House for 6 years. She paid $15,000 per month. 15,000 X 12 X 6 = $1,080.000.
It's very interesting that as soon as her money ran out she was transferred to Evergreen House and now shares a room with 3 women and gets a bath once a week.
Residents pay a percentage of after tax income at that facility. So if her income allowed her to pay $15,000 per month there must have been other reasons for her running out of money. I doubt very much that she paid $15k per month.
She did. She moved in initially with her sister and it was a 2 BR suite.
Her sister died and she inherited more money and stayed. I know this for fact.
I also know how lousy it is at Evergreen House.
15k a month? My grandparents pay 7k a month including everything for both of them. Something is wrong with your number.
Zzzzzzzzzzzzzzzzzzzz.
Come on John. Where are those promised other topics??
Indeed. This blog has slid into obscurity since it changed hands. Two posts in a month just won't cut it. Add the latest snubbing of his only real posters and I think this place has fallen off the radar. I know I rarely even bother checking in. It used to be worth a daily visit. Shame that the owner doesn't have the time for it.
Nice post...Interesting ....
Perhaps the owner is in cahoots with local politicians?
John-
Have you abandoned this site? Please advise if you are still going to post some wide ranging topics soon.
Thanks.
If you want CNV issues comment on the Voices website:
http://nvcityvoices.wordpress.com/
Thanks for your suggestion.
I looked at the City site and it's great if you live in the City. I live in the Dist. and I think that even the N. Van discussion is somewhat limited and sometimes a N. Shore perspective might be a good idea.
Anyway, right now this is a dead site walking and I'm still hoping some new topics will be posted by those with the credentials to do so.
Thanks for this post, I will be come back to your next post, Good luck!!!
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