Hat tip to my friend, V, for directing me to this story. It's about 10 sets of seniors on Vancouver Island who have been living in a waterfront trailer park but will be evicted next year.
- None own the land that their mobile homes sit on.
- Each has been paying about $3,400 per year in rent, which works out to $283.33 per month.
Furthermore, saving on rent for so long, what did these people do with all the money they were saving on rent? Was it invested wisely or spent otherwise? Are the tax dollars of those seniors who skimped on luxuries and vacations all of their lives supposed to bail out those who did not?
I realize that in asking these tough questions, I probably come across as an uncaring bastard. Not so. In my work with BCDD I've come across many seniors like this. For various reasons, they've spent most of their savings all their lives and are practically impoverished by the time they reached retirement. Some may have been swindled, some may have had other unfortunate incidents occur but one has to wonder if many just never thought ahead beyond the "fun years". Now that they're in the predicament they're in, to what degree is the government (which means you & me) supposed to bail them out?