AUSTIN: For an industry which focuses on supplying, housing, goods and services to seniors, it shows no compassion to those dispossessed by the failure of any of its members.
The Retirement Village sector has repeatedly ignored the business failure of rivals which has put fully paid up residents on the street, and adverse publicity has never persuaded them to put an industry-wide ‘insurance’ scheme in place, if for no other reason than to protect themselves and the efficacy of their ‘collective product brand’…