What's underfunded?
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As MAC says they are really just a property developer any way. As PT says doing things in the developments they have created is really just a de facto service.
As a property developer this guys view is a worry then. Anonymous (like MAC says I
He in construction
I couldn't agree more with "Da Facts" we were interested in looking at one of their units, but having been in the construction industry all of my life, there was no chance in hell I was going to pay that sort of asking price for one of their units, they are extremely poor value for what they are, it is a shame that the frail elderly are being separated with their money in favour of massive profits to a corporation that has no conscience.
The money given by the MOH to the DHBs which is distributed to the retirement village operators to fund their care centers is in a funding shortfall winner to the tune of 500mill/year currently ,and will have just increased with the raising of the minimum wage as part of this funding is mearnt to cover staff wages also.
Good article in this mornings Dom Post from Summerset,40 years of growth ahead etc
just a follow up on the suggestions vaygor1 made recently in this forum (post #1279 and #1285):
I contacted SUM following these allegations and received a response directly from Julian Cook. He clearly states that they (SUM) have no relationship with the organiser of this competition and he points out that during the 15 years this contest is running as well RYM and MET have been under the winners for some years as well. He highlights that selection of candidates or judging criteria are a matter for the organisation concerned (i.e. seniors-housings) and that they (SUM) have been only informed after a decision has been made by the panel.
Still waiting for a meaningful response from seniors-housing and shall keep you posted if anything relevant eventuates.
Is he considering the cost of the complex as a whole? He is definitely missing that the property development side of the business has to subsidise the care side of the business. Personally I think the frail elderly see this whereas the greedy property developer doesn't. They aren't buying a 'house', they are buying a licence to occupy in a facility that will give them greater care and security than if they continued to live in their existing home.