We've all seen adverts for those "club med" style residences exclusively for "les seniors" with smiling, sun-tanned and fit looking 60 somethings enjoying swimming pools and communal restaurants. You buy or rent an apartment and are offered full facilities, with daytime activities and night-time surveillance. Medical care is often included, but it all comes at a cost; on average over 1000 euros per month. Many apartments now stand empty and there is no decent resale value of apartment or lease, but the charges continue. Families find that their elders are now "strangled by debt". Like many of these "co-ownership" schemes it seemed a good idea at the time, but what price now?
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