Last night I watched an ABC 4Corners program, reported on ABC News, about Aveo, a retirement
village company. Aveo is owned by a Malaysian man, Seng Huang Lee. His
father had been jailed in Hong Kong for corporate deceit, yet Seng is
very, very rich. He, it seemed, has Aveo as a “get rich
quick scheme”, according to Lander, a retired diplomat who
wears a bow tie. It had taken Lander many, many months to understand
the extortive contract he had signed. This “company puts profit
before people”, he said.
The program was about retired people
who have been ground down inside their own property, which they had
bought. Now, if they want to sell it and move out – or were kicked
out – they were charged an “exit” fee, along with anything else
that Aveo would take from them. 4 Corners interviewed a number
of retired people who were being mistreated by Aveo. One man who's
partner had died wanted to stay. He had been together with his
partner for many years, he and his partner had bought the unit, but
only his partner's name was on the contract. Aveo didn't care how he
felt, they just kicked him out – and charged him an exit fee.
Others were mistreated:
- One bought for $135,000 but 4.5 years later as it was sold to Aveo; they ended up with only $48k.
- Another couple sold for $159,000 but would only end up with $58k from Aveo.
- One woman, diagnosed – by Aveo – as having dementia was moved in to a hospital but charged a maintenance charge every month while she wasn't in her own unit. She is now fighting Aveo.
“Exortive” is defined by
the dictionary online as “To obtain by coercion, intimidation,
or psychological pressure”.
Aveo is not the only retirement village which does this. The Park
View Retirement Village in Bethania, where I stayed for 5 months, was
just as bad. That property owner had acted similarly:
- Aveo charges $6,000 per year for “corporate fees”. I paid $100 each week ($5,200 per year) for “management fees”, which I had found out about when I got my Tenant Ledger. I had thought it was supposed to have been for the food I ate, yet even when I stopped paying for their food the “management fee” still appeared on my Tenant Ledger: they were then taking it out of the full rent I paid!
- Aveo changed some of its villages from “Retirement” to “Aged Care”, without telling anyone who already lived in them. Park View Retirement Village didn't changed their sign – it still says Park View Retirement Village – but I was told it was not a “retirement” village but a “senior” village.
In my blog on 1 January this year I wrote of the past year. For November 2016: “Wrote a blog
about site manager calling me names - “Nutcase” 1 November. Dom
(friend) committed suicide – self-invoked hunger while he waited to
die from asbestosis. Blogged about him in “Asbestosis” on 7
November.... Attempted suicide later this month; taken to hospital
and kept overnight. Locked out of my unit by the site manager when I
got back, illegal. Ongoing communication with police, Tenants Qld,
Q-Star, YFS and others for help.” Later, 9 April, I wrote about how I had felt from the illegal mistreatment I'd been under at Park View
Retirement Village. The blog was titled Anxiety, Stress,
Depression, PTSD, Stroke, Suicide – what's the difference? That
was exactly how I'd felt. Like many, many other retirement village
residents, I hadn't realised that too many retirement villages are
extremely bad with their behaviour and their treatment of residents.
Before 4 Corners and
now, I have felt very sad for other retired people who are treated
like me.
I
am just starting to realise (too late) that the behaviour of people
in this country has downgraded in the last 5 years. Anyone without
decent (any) money is pushed to the background. Many end up homeless.
Older people with money are rorted by dishonest schemes.
This
program will be repeated today (Tuesday) at 10am, Wednesday at
11pm on ABC and on Saturdays at 8.00pm on ABC News 24. Please watch
it if you didn't yesterday.
I
will just say that I am now feeling much, much better in my unit
which is not part of a retirement village like I had been at the end
of last year with mistreatment by two non-Australian managers of the
retirement village. They weren't Seng, but they were close. That sort
of bad behaviour doesn't fit in here.
We
must rid ourselves of
it.
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