343
this post was submitted on 22 Nov 2023
343 points (98.9% liked)
News
23376 readers
2130 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm not sure if you read the article, or if your grandma was fabulously wealthy, but everyone involved here is rich as shit.
These are wealthy people who paid hundreds of thousands upfront to a place they still technically rent from. They can easily move, and they absolutely have the money to fight back.
Senior living is often fraught with bullshit but these people are just angry that their gated community got more expensive. They weren't priced out, they were annoyed.
Going by the first sentence of your link, these are two very different situations
The homes in the article we're commenting on are quite different from mobile homes.
Same area, st Charles and Elgin are one town apart. It's been a while since I checked but I think $100k-200k would be the average house price in the area. I'm a little closer to the city than those burbs and tiny foreclosures that aren't even up to code can be 200k.
So yeah that might be rich compared to some areas but for this area it's not but all surprising.
This news are actually quite similar. You'll find in both people investing heavily, most of their retirement savings, to establish themselves and then the management company or property owner jacking up the rent to the point where people can no longer live there and have to abandon their investment/retirement fund. Not too complicated of a comparison really.
If $200k is the average house price, now you can begin to see that
A) these are not average houses
B) these people are not struggling, at all, to make ends meet
Because these are very different situations
That's an assumption. 1 these aren't all houses, some of these are small rooms. Looking the place up I've actually been there, some folks end up there for PT or hospice and I can tell you the place aint swank. 2 They could afford the 1.3K monthly fee they expected, sheeeet that's about what I was paying for a one bedroom in the city in not a particularly great area and I didnt have the assisted living aspect that River Glen provides which I assume is the biggest cost. it's not a surprise that they couldn't handle it going up to $6K a month. can you handle your rent going up 300%? Also you gotta keep in mind these are olds. They probably bought their house back forever ago and with housing prices here, and from what it sounds like damn near everywhere, the value of their houses have just been going up like crazy. That doesn't necessarily mean they have money, they probably sold their house or whatever and that's how they managed to get that hefty down payment.
In the end in both scenarios they sunk what they had into a thing that was supposed to last them to the end, the didn't have much left after that and now the terms of the agreement have changed and they can only pray the terms of the agreement don't change further. I get not wanting to side with perceived rich people and prices vary by region. you can feel different about that if you want but they aint all that different of situations
These are retirees who likely have pensions and 401Ks built up over half a century.
If you want to talk about wealthy people, what about the people who likely spent tens of millions of dollars to buy out the community and then jacked up fees by $50k per year overnight? Why can't they be the ones suffering rather than some 95 year old woman who now needs to move and leave everyone she knows behind?
So old people should never have contracts that expire? That doesn't seem like it would benefit the old people much.
Like I just don't understand the outrage. They're inconvenienced and old?
Who said that? I was more inferring that old people shouldn't be kicked out of a senior retirement home because some new wealth management firm bought the property and decided to squeeze the juice out of them. What benefit does that have for the rest of society? It's entirely self-serving.
It's not self serving to rent properties lol
Simply renting property isn't what's happening here, hence the news article and this discussion.
It literally is this. This is a fluff piece that sells because it involves a little old lady. They set contracts that expire and opted not to renew them given the cost. That's the entire story.