I'm horrified...

[lizzie]

Yes there is Lizzie, I see more homeless people, death and dying than I care to, many of whom are the victims of (what we have even in this country) reputable nursing homes.

very true - as have i, and i can imagine nothing worse than to end up in one of these places if i still had my faculties about me. i have seen people dumped into these homes by the rele's when they are obviously nowhere near ready (physically and mentally). i often wonder "why" they are in a nursing home when they are so capable and able. i have also seen people in the nursing homes be hounded literally to their deaths by rele's demanding money from them upon the sale of the family home. despicable.

that is not to say, there are good nursing homes - but the rooms are often tiny with barely room for a bed, the stimulation is scarse, the meals are "okay". one of the better ones i used to visit with the dog wouldn't even allow aircon in the bedrooms apparently to force the residents out to the living area to socialise ... so we'd visit the residents in these boiling hot rooms (think australian summers) with nothing but a fan because they weren't up to sitting on plastic coated chairs in a big circle around a tv with the lady with the dribble, the one that wouldn't stop yapping, the old guy who constantly farted ... i found out later that the aircon wasn't allowed because it was too expensive to run.

that is one reason why i don't have a problem with what kathryn is doing. she is taking away a lot of the the financial and organisational stress, which can be enormous as one ages and loses the grasp a little. it doesn't mean these people are ready for a nursing home and if the rele's gave a rats they would've stepped up to the plate and taken on the responsibility themselves.

 

[AlmostBob]

people freeze in their home,
homes they could afford to buy over their lives, but cant afford to heat
cant afford to repair to make them cost less to heat
cant afford to service the boiler
insulation in Aus, is R3 R4 pink bats, insulation in NS is R2000 pink bats
We buy beat up shitholes, and we make them pretty, efficient, warm, clean,
Thats what I do
I can do it for the people we would have as residents, much more than they can. i do it more often, I have tools, equipment, experience, and no prejudice about how my grandparents did it 60 years ago

You lucky Australians have no idea what cold is,

no idea how much thought went into this idea
no idea what we go through all winter as landlord while tenants pay for heat, and hope they dont skip in the summer before they catch up the rent

Our town is smaller than ballarat, the capital would be geelong or wooloongong size, we are so bad as landlord that we have waiting lists by word of mouth

Yes there is Lizzie, I see more homeless people, death and dying than I care to, many of whom are the victims of (what we have even in this country) reputable nursing homes

The respondents we have, have a deadly fear of dying in nursing homes, they want to stay in their home,

Monopoly, put simply, you disgust me.

 

[Monopoly]

very true - as have i, and i can imagine nothing worse than to end up in one of these places if i still had my faculties about me. i have seen people dumped into these homes by the rele's when they are obviously nowhere near ready (physically and mentally). i often wonder "why" they are in a nursing home when they are so capable and able. i have also seen people in the nursing homes be hounded literally to their deaths by rele's demanding money from them upon the sale of the family home. despicable.

that is not to say, there are good nursing homes - but the rooms are often tiny with barely room for a bed, the stimulation is scarse, the meals are "okay". one of the better ones i used to visit with the dog wouldn't even allow aircon in the bedrooms apparently to force the residents out to the living area to socialise ... so we'd visit the residents in these boiling hot rooms (think australian summers) with nothing but a fan because they weren't up to sitting on plastic coated chairs in a big circle around a tv with the lady with the dribble, the one that wouldn't stop yapping, the old guy who constantly farted ... i found out later that the aircon wasn't allowed because it was too expensive to run.

that is one reason why i don't have a problem with what kathryn is doing. she is taking away a lot of the the financial and organisational stress, which can be enormous as one ages and loses the grasp a little. it doesn't mean these people are ready for a nursing home and if the rele's gave a rats they would've stepped up to the plate and taken on the responsibility themselves.

"Good nursing homes" are few and far between. If you find one, let me know and I'll take back everything I wrote in this and the other thread.

 

[lizzie]

as i said - the ones consider "good" are still nothing to write home about. they only get worse from there. give me my own home (or a little flat) any day.

 

[Monopoly]

people freeze in their home,
homes they could afford to buy over their lives, but cant afford to heat
cant afford to repair to make them cost less to heat
cant afford to service the boiler
insulation in Aus, is R3 R4 pink bats, insulation in NS is R2000 pink bats
We buy beat up shitholes, and we make them pretty, efficient, warm, clean,
Thats what I do
I can do it for the people we would have as residents, much more than they can. i do it more often, I have tools, equipment, experience, and no prejudice about how my grandparents did it 60 years ago

You lucky Australians have no idea what cold is,

no idea how much thought went into this idea
no idea what we go through all winter as landlord while tenants pay for heat, and hope they dont skip in the summer before they catch up the rent

Our town is smaller than ballarat, the capital would be geelong or wooloongong size, we are so bad as landlord that we have waiting lists by word of mouth

Monopoly, put simply, you disgust me.

Don't talk to me about disgust....!!!!

 

[rabbaj]

people freeze in their home,
homes they could afford to buy over their lives, but cant afford to heat
cant afford to repair to make them cost less to heat
cant afford to service the boiler
insulation in Aus, is R3 R4 pink bats, insulation in NS is R2000 pink bats
We buy beat up shitholes, and we make them pretty, efficient, warm, clean,
Thats what I do
I can do it for the people we would have as residents, much more than they can. i do it more often, I have tools, equipment, experience, and no prejudice about how my grandparents did it 60 years ago

You lucky Australians have no idea what cold is,

no idea how much thought went into this idea
no idea what we go through all winter as landlord while tenants pay for heat, and hope they dont skip in the summer before they catch up the rent

Our town is smaller than ballarat, the capital would be geelong or wooloongong size, we are so bad as landlord that we have waiting lists by word of mouth

The respondents we have, have a deadly fear of dying in nursing homes, they want to stay in their home,

Monopoly, put simply, you disgust me.

pretty lame effort at justifying the vulture capital efforts of yours

but so long as you sleep in comfort knowing that short changing the oldies will bring 'ka-ching' into your portfolio and nothing else matters then I guess you are right..

Enjoy your day

 

[sash]

Hmmm....ignorance eh???

I believe you have said that there are no takers to your deals....should that not indicate something?

Surely....there are other deals you could pursue? Also where in this forum has someone said you are a criminal....it was only your ethics that was questioned.

And as a last resort...are you saying that Canada has no federally/state sponsored care like Australia?

This site seems to indicate the care standards are similar to Australia....

http://www.senioryears.com/residences.html

Oh...also this is an internet forum....sometimes the debate becomes robust....the people who have not coped...have left some permanently. In one well known instance someone got banned and them came back under a different name...and then came back as their old name. All part of the action on SS.

None should be horrified, ignorance should preclude any such horror.

Sit in judgement, making assumptions on the character and condition of both the respondent to offers made in good faith, and the person making those offers, speaks only to your ethical state, not to Kathryn's or mine.
"all seniors are ignorant" "all investors who are different to me are criminal"
To assume that all potential sales of property are malignant based on your absolute lack of knowlege of conditions outside of Australia, is very poor. There is absolutely NO sponsored care

I have often stated in this and other forums, that there are only two types of people

• Those of good intent who assume good intent in others
• **expletive deleted** who assume because of their existance as **expletive deleted** that all others are **expletive deleted**.

It is easy to determine which of these groups posters to this thread belong

We are offing the same, except in detail, for $130K 30K 15K homes, how long to expend $15K at 7K/year to heat, 2K in taxes, snowplowing, lawn mowing,
repairs to bring the property to our standard
repairs and maintenance last year was $34K, renovations the year previous $200K
last month the snowplow bill was $800, have any somersofters even seen a snowplow

Judgement by ignorance

"For considerations received and one dollar ($1.00) the property described as ........"

 

[AlmostBob]

I have given shelter to homeless, feed the hungry, bandaged the victims of violence in our streets all for the love of humankind. I have built housing for these people, and never ONCE asked for anything in return. I have my hands covered in blood, urine, and filth cleaning up after people you aspire to save from themselves, their families and the elements!!
Don't talk to me about disgust....!!!!

My career is public record, I earned the right. You speak from prejudice and ignorance.

 

[AlmostBob]

pretty lame effort at justifying the vulture capital efforts of yours

but so long as you sleep in comfort knowing that short changing the oldies will bring 'ka-ching' into your portfolio and nothing else matters then I guess you are right..

Enjoy your day

Another speech from ignorance, how many years does it take to pay for a 130 000 home

7000 heat
2000 county tax
1000 snow removal
500 lawn/garden care
5000 repairs and maintainence
6000 stipend​

21,500 per year gee just over six years, the old folk will probably survive us

The idiots are multiplying

 

[sash]

Andy

This sort of deals are okay if the person involved in not in duress.. But having some of these deals done in OZ....the premise of these are usually done with a very vulnerable party. The deals being done here are with the elderly and typically this segment is the most vulvernable in our society.

In Australia (probably also Canada)....these deals can be set aside by courts if they are deemed under "unconsionable conduct". Whilst Kathyryn and Almost Bob might have the "best" of intentions....it is unlikely they will continue to provide the same level for years to come particularly if their objective to maximise profits. These deals are not unlike what Dazz does with Commercial property...but in that case the companies who deal with Dazz have proper legal representation and are not down to their last pennies. There in lies the difference.

Hope this helps.....

I am all for profits and hard negotiations....but careful who your crunch. I have not problems crunching people but not at the expense of the vulnerable. I guess a view not everyone shares..

Sash

Why is this preying on the vulnerable?

Someone who can no longer pay for the expenses involved with running the home but don't want to go into a retirement home - this may be the ideal option for them.

The reality is why should they worry about their relatives and what they are left (lets not talk about vultures picking over the bones) through this process they are assured (or should be) that their house is warm water proof and won't get taken by the govn for non payment of taxes.

Certainly if they live for a long time >10 then in fact the amount to be paid will increase substantially as all those cost will escalate and more than likely double within the 10 year time frame. So really is it such a good deal - life insurance companies do a lot of studies and still get it wrong!!!!

Cheers

 

[sash]

Okay....let an idiot ask the question....do you GUARANTEE to do this in your contract or is that just a verbal promise???

Another speech from ignorance, how many years does it take to pay for a 130 000 home

7000 heat
2000 county tax
1000 snow removal
500 lawn/garden care
5000 repairs and maintainence
6000 stipend​

21,500 per year gee just over six years, the old folk will probably survive us

The idiots are multiplying

 

[willair]

people freeze in their home,
homes they could afford to buy over their lives, but cant afford to heat
cant afford to repair to make them cost less to heat
cant afford to service the boiler
insulation in Aus, is R3 R4 pink bats, insulation in NS is R2000 pink bats
We buy beat up shitholes, and we make them pretty, efficient, warm, clean,
Thats what I do
I can do it for the people we would have as residents, much more than they can. i do it more often, I have tools, equipment, experience, and no prejudice about how my grandparents did it 60 years ago

You lucky Australians have no idea what cold is,

no idea how much thought went into this idea
no idea what we go through all winter as landlord while tenants pay for heat, and hope they dont skip in the summer before they catch up the rent

Our town is smaller than ballarat, the capital would be geelong or wooloongong size, we are so bad as landlord that we have waiting lists by word of mouth

The respondents we have, have a deadly fear of dying in nursing homes, they want to stay in their home,

Monopoly, put simply, you disgust me.

AB, at the end of the day it's up too you,myself i would not go down this road,not that means anything,, in life i only have to walk down thestreet into local cafe areas and see how many different people that are around,the one item you may have missed is what happens when your tenants have to go into "High Care" nursing homes,both my parents were like that my wife- myself- daughters plus outside medical help,from the 2 gay Gentlemen Doctors that live down the road all helped to make the last part on this earth the best we could,but in the end they both had to go into high care nursing homes,very sad when it happens,but it will happen just something to think about..willair..

 

[Savanna100]

The NSW Contracts Review Act 1980
http://www.austlii.edu.au/au/legis/nsw/consol_act/cra1980201/
and the legslative equivalents in the other states may well overturn such a contract if the parties contracting cannot be considered generally equals. Section 9(2) of the Act deals with the question of age of the parties.

(ii) any person who represented any of the parties to the contract was not reasonably able to protect the interests of any party whom he or she represented,
because of his or her age or the state of his or her physical or mental capacity,
(f) the relative economic circumstances, educational background and literacy of:
(i) the parties to the contract (other than a corporation), and
(ii) any person who represented any of the parties to the contract,
(g) where the contract is wholly or partly in writing, the physical form of the contract, and the intelligibility of the language in which it is expressed,
(h) whether or not and when independent legal or other expert advice was obtained by the party seeking relief under this Act,
(i) the extent (if any) to which the provisions of the contract and their legal and practical effect were accurately explained by any person to the party seeking relief under this Act, and whether or not that party understood the provisions and their effect,
(j) whether any undue influence, unfair pressure or unfair tactics were exerted on or used against the party seeking relief under this Act:
(i) by any other party to the contract,
(ii) by any person acting or appearing or purporting to act for or on behalf of any other party to the contract, or
(iii) by any person to the knowledge (at the time the contract was made) of any other party to the contract or of any person acting or appearing or purporting to act for or on behalf of any other party to the contract,
(k) the conduct of the parties to the proceedings in relation to similar contracts or courses of dealing to which any of them has been a party, and
(l) the commercial or other setting, purpose and effect of the contract.

 

[MTR]

I think this thread has become quite ugly, no need to attack and character assasinate someone because they have different views.

MTR

 

[Monopoly]

Another speech from ignorance, how many years does it take to pay for a 130 000 home

7000 heat
2000 county tax
1000 snow removal
500 lawn/garden care
5000 repairs and maintainence
6000 stipend​

21,500 per year gee just over six years, the old folk will probably survive us

The idiots are multiplying

Is this on top of the previously quoted figures???

An average $130K house
Taxes $1200
Insurance $900
Heat & lights $3500
Maintenance $1000

There appears to be a discrepancy somewhere?? Forget morality for a minute, consistency would help strengthen your argument/justification.

However, on the assumption of your most recent figures, if 21,500 per year over 6 years just about pays off the house, you'd want to hope that the CG is significant to justify your efforts in what could be a waste of time if a long-lost rellie turns up looking for his/her cut of dear ol' auntie May or uncle Albert's estate!!

 

[WinstonWolfe]

The NSW Contracts Review Act 1980

Fat lot of good this Act did the victims of Storm Financial.

 

[sash]

...what is the probability that Canada will have a similar protection for contracts??

In the case of Australia it is a clear case of be careful who you enter into contracts with.

Given that civil cases are based on the "balance of probabilities"....and not "beyond a reasonable doubt" in criminal cases. The chances of a ruling in the favour of a defendant is higher....the onus of proof is high risk to take. Then factor in some relie who feels hard done .....and you have a counter suit...ah...the pleasures of the legal routes.

Dazz.....I am curious....have you entered into a contract with a party who less powerful than you??

The NSW Contracts Review Act 1980
http://www.austlii.edu.au/au/legis/nsw/consol_act/cra1980201/
and the legslative equivalents in the other states may well overturn such a contract if the parties contracting cannot be considered generally equals. Section 9(2) of the Act deals with the question of age of the parties.

(ii) any person who represented any of the parties to the contract was not reasonably able to protect the interests of any party whom he or she represented,
because of his or her age or the state of his or her physical or mental capacity,
(f) the relative economic circumstances, educational background and literacy of:
(i) the parties to the contract (other than a corporation), and
(ii) any person who represented any of the parties to the contract,
(g) where the contract is wholly or partly in writing, the physical form of the contract, and the intelligibility of the language in which it is expressed,
(h) whether or not and when independent legal or other expert advice was obtained by the party seeking relief under this Act,
(i) the extent (if any) to which the provisions of the contract and their legal and practical effect were accurately explained by any person to the party seeking relief under this Act, and whether or not that party understood the provisions and their effect,
(j) whether any undue influence, unfair pressure or unfair tactics were exerted on or used against the party seeking relief under this Act:
(i) by any other party to the contract,
(ii) by any person acting or appearing or purporting to act for or on behalf of any other party to the contract, or
(iii) by any person to the knowledge (at the time the contract was made) of any other party to the contract or of any person acting or appearing or purporting to act for or on behalf of any other party to the contract,
(k) the conduct of the parties to the proceedings in relation to similar contracts or courses of dealing to which any of them has been a party, and
(l) the commercial or other setting, purpose and effect of the contract.

 

[sash]

Actually...it did a lot of good because the CBA has decided to settle out of court for a lot of these people.

The negative publicity for CBA and a class action cost in the end turned the hand of old Ralph Norris.....of these w&8kers...err bankers did the right thing in the end did they not??

Fat lot of good this Act did the victims of Storm Financial.

 

[Monopoly]

I haven't read all of this thread, but can see there some people who strongly oppose, and without knowing all the details of it, I tend to agree with them.

I just wonder of the ones who oppose if they've ever bought at a mortgagee auction? Did your conscience bother you then when you were hoping you might get a real bargain?

No sorry, I can't comment have never bought at a mortgagee auction.

 

[AlmostBob]

Okay....let an idiot ask the question....do you GUARANTEE to do this in your contract or is that just a verbal promise???

we already do rent to own,
a whole bunch of outside the box things,
we allow tenants to break their lease simply, we can rerent our properties
we subsidize first home buyers, because there arent govt subsidies
and despite the posts of others that 'suggest' otherwise there isnt govt seniors care, if you follow the links to "Nova Scotia" in those others' posts, you get "page not found" errors, coz it aint there there is private seniors care and it AINT good.
Typical, look it up in google, and couldnt be bothered to follow the links

We guarantee in writing
Our contracts are drawn up by a qc a judge of the local court, and drawn to be fair, not to Shylock anybody.
We sak our applicants to take them to a lawyer of their own to review, and have the names of several for whom the first interview is free
the figures given were not the figures for a particular property, they are examples, I have a January oil bill in my hand, four properties, it is $3026.01, March oil bill will be likely around $1800 June around $250 for the same properties
we guarantee outgoings, we guarantee tenure.
All the things we have been accused of by the ignorant **expletive deleted** to this point

These are people calling and emailing us to ask if we can help them,
The ad went in Sunday (I think maybe late Saturday) today is Monday, 3 enquiries, One home pre-innspection

looking at my thermometer, its minus 16C and blowing like hell

Everytime we post something different to " I have one ip I am an investment guru "
the same people reply, abusive, aggressive, and wrong.
we have 37 properties, mostly CF+, some CFneutral (rented to own mostly), and have never done anything unethical

Heaters in private homes here are the same size as Collins Place, and probably most other towers, they output in 150000 BTU/hour = 45KW = 180amps*240V range. Its cold enough that if windows dont seal right or insulation is perfect, that isnt enough heat to warm the house.

picture 18 of the 2400w fan heaters from bunnings in the averge 3*1 fhb home and its wont go ~10C​

very upset, at the negativity, abuse, accusations of criminality and immorality.
Try to shrug off the **expletive deleted** it reflects more upon them than me,
My tenants and ex-tenants stop me on the street to chat, their children and the dogs.
I have Tshirts with "Evil Landlord" on the sleeve, they think its funny as hell.
Only one speaks ill of us, she lost her grow op, and then had to pay for the damage she did to the apartment, she hadnt had the landlord prosecute any of the previous times she had done the same thing.
We give all our tenants copies of the local RTAct, and the telephone number of the local RTBoard and tell them that if they have problems with us that we dont resolve, call em.
We self manage, so deal with all the daily BS, and are very proud of our properties, and ethics.

We are CF+ CG+ morality+ and work bloody hard to be so