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May 24, 2012
Dementia Care
I have close relationships with people who are involved in the new real estate boom-- "residential health care". Dementia Care is the new hot product on Wall Street.Far less risky that regular commercial real estate, because it's not subject to the whims of the market. Less risky than regular residential, because the residents can't really leave, and because their bills are paid using guaranteed money from the government. It is really a brilliant product. Picture this: residents move into your $8000/month "hotel" and hand over their entire life savings. The government pays any extra bills that they can't afford, so they don't ever need to move out. As they stay longer, their rent steadily increases due to decreased independent functioning. -- MyNY - amybean13's Profile
Posted by gerardvanderleun at May 24, 2012 9:11 AM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
Someone needs to put Biden into one of these. I'm not being snarky, something is really wrong with the guy.
Posted by: Christopher Taylor at May 24, 2012 9:48 PM
Just another "section 8" boondoggle.
Se says "tea party somehow prevents regulation of this ridiculous industry." She's talking about one of the most regulated industries in the country and she thinks more regulation will fix the problem?
Gaaahhhh!!!!
Posted by: Mike at May 25, 2012 3:50 AM
I got a laugh out of that also, that the tea party is responsible for this situation.
Posted by: JIm at May 25, 2012 9:42 PM