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Demovictory9

(37,113 posts) Sat Mar 29, 2025, 03:21 PM Mar 2025

The new risk for residents of senior living communities - private equity's search for profits [View all]

At one senior living community outside Chicago, residents say when new owners took over, monthly maintenance fees skyrocketed to the point where they had to move out of the place they thought would be their forever home. NBC News’ Maggie Vespa reports

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The new risk for residents of senior living communities - private equity's search for profits [View all] Demovictory9 Mar 2025 OP

I always wonder about these efforts by investors to find/locate and seize opportunities to buy out and invest in SWBTATTReg Mar 2025 #1

Residents assumed that their detailed signed contracts were legal documents that would be upheld Irish_Dem Mar 2025 #2

yes, they did. private equity swoops in with their lawyers and muck it up. Demovictory9 Mar 2025 #5

Corrupt billionaires own the country and judges. They do what they want. Irish_Dem Mar 2025 #9

"Legal documents?" GiqueCee Mar 2025 #16

We are in end stage capitalism, pillage and ruin of Americans. Irish_Dem Mar 2025 #19

Far too many people... GiqueCee Mar 2025 #24

Capitalism could be called the dictatorship of capital. nt Comrade Citizen Mar 2025 #31

they were guaranteed, in writing, to get 85% of their buy in back if they chose to move out. the contract was null when Demovictory9 Mar 2025 #3

Sounds like they favored churn, where someone was making money all of the time, from the buying/selling of SWBTATTReg Mar 2025 #6

When you run out of the money yoo True Blue American Mar 2025 #23

My neighbor hires local college kids to be around once a week or so Demovictory9 Mar 2025 #27

The regular residents and original owners didn't consider that could happen. haele Mar 2025 #7

A must watch. dalton99a Mar 2025 #4

Jaybird and Citrine require a severe lesson. byronius Mar 2025 #13

More like private equity's desire to rid themselves of something that is not profitable. OldBaldy1701E Mar 2025 #8

Kick em when they're up Nonnia Bisnez Mar 2025 #10

How is this not criminal? dickthegrouch Mar 2025 #11

Which is EXACTLY WHY . . . AverageOldGuy Mar 2025 #12

He can live a fancy life anywhere on that $7200 per month Demovictory9 Mar 2025 #15

Guessing that cognitive skills and families wanting to just "get this over" is a factor. erronis Mar 2025 #20

If you don't own it, you don't control it. snot Mar 2025 #14

+1. Private equity should be banned from healthcare, housing and essential services dalton99a Mar 2025 #17

But they've already controlled the US (and state) governments. Good luck with banning! erronis Mar 2025 #21

I would stop after the word banned EdmondDantes_ Mar 2025 #28

Private equity cares only about money, nothing else. sakabatou Mar 2025 #18

We need to create a "predatory" tax classification, and place all private equity firms dobleremolque Mar 2025 #22

Vulture capitalism. Like corporate for-profit prisons. Lotta money in both. And now take their SS. Evolve Dammit Mar 2025 #25

It's all about PROFITS, and not at all about morality. Common decency. We have allowed a few freakish people PatrickforB Mar 2025 #26

Increases of taxes and insurance are bad enough bucolic_frolic Mar 2025 #29

That picture looked exactly True Blue American Mar 2025 #30

"Greed is good" Dark n Stormy Knight Mar 2025 #32