Differing Financial Outcomes for Retirees - An example of two very different financial outcomes for a retiree where one retiree may take residential accommodation in a retirement village, the other in an apartment within the general community.
Table 1 shows the financial outcomes for the retirees to be vastly different, one based on a right to occupy retirement accommodation in a retirement village as opposed to renting retirement accommodation in the traditional sense. It clearly demonstrates that occupying a unit in a retirement village comes with all the costs of ownership and more but without any of the benefits. Again a dramatic reduction in the capital wealth of a retiree over what can be a very short period of time.
Table 1
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