good article sums up the industry quite well. esp the raising the age to get the turnover. as we all know without the turnover the profits are not as good
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Interesting that you only read one side of the story ... but no surprises here.
The average age increase in a retirement village might have very natural causes ... its like moving (young) into a new subdivision with many other young people and wondering afterwards why everybody ages (like you and me) every year by a year ...Quote:
Wilkinson says when villages start the age of those buying in is younger than the average. As the first residents age the village cohort gets older and new residents are often friends of the now ageing original residents.
Not all natural causes are due to corporate greed .....
My father in law turns this year 87 but is strong, fit and looks ways younger. He is still working in the saw mill which he used to own (It is now his son and his grand child running it). He is working these days mainly on a part time basis (30 hours per week), but worked full time through to age 85.
This is quite hard physical work, despite a lot of equipment - and he is certainly not working for the money (though they pay him for the hours ...). He says that he is going to die if he stops working ... and this is something he wants to delay as long as possible. BTW - he does love this work.
I can understand part time work in one 70's, maybe 4-5 hours a day for 2-3 days a week if you love your work but your Dad does seem to be unusual. Did he never learn to enjoy boating, golf, fishing, travel, bowls, the theatre, fine wine / dining or simply relaxing ?
Sure - but that's stuff he is doing in his spare time. He is quite good in playing chess, likes to go to concerts, he reads a lot (and often remembers more than I do) and he is voluntarily running a local archive. But this alone wouldn't satisfy him ... so he goes as well to work.
Interesting....I get the sense that there is plenty to discuss on this whole what to do to enjoy a satisfying and happy retirement, when do you plan to retire, what are people scared of with retirement and so on...probably a good thread for the off market section and some good lively discussion...in the meantime I found this with a quick net search http://retirement-cafe.com/Fears-about-Retirement.html
BP, I want to be ... or continue to be ... exactly like your father in law. I love my work, it is stimulating, and keeps me in touch with new ideas and the younger generations. Plenty to do in spare time as well.. like looking forward to a 6 week gallop around Germany and Czech Rep. I did project work for 12 years and got bored as hell when one project ended and waiting for another.
WOW ...86 odd entrants picked OCA in the competition.
So many can’t be wrong ...it’s a sure thing
Wonder how many thought like fund managers and included the hot thing in their picks so they wouldn’t get too much out of sync with the majority.