We had one where could never get ANY supplies 1 year in despite a 25k lump sum buy in by residents. even before paying month to month rent.
My expeince is management will play the “heroes work here” type behavior and take advantage of people’s passion for elderly to then underpay then and mistreat them to the degree they do.
It takes enormous capital as property prices are high due to real estate speculation (the priority with real estate is not use but financial value), regulatory capture (excessive regulations are pushed by the largest companies to make it impossible to start a competitive business), and high insurance costs (very appealing to the biggest investors as they mean the largest investors can be self insured).
Worked in them for about 7 years.
You are correct.
We had one where could never get ANY supplies 1 year in despite a 25k lump sum buy in by residents. even before paying month to month rent.
My expeince is management will play the “heroes work here” type behavior and take advantage of people’s passion for elderly to then underpay then and mistreat them to the degree they do.
Why don’t good people start nursing homes
It takes enormous capital as property prices are high due to real estate speculation (the priority with real estate is not use but financial value), regulatory capture (excessive regulations are pushed by the largest companies to make it impossible to start a competitive business), and high insurance costs (very appealing to the biggest investors as they mean the largest investors can be self insured).