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this post was submitted on 22 Nov 2023
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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.