By Jack Cumming

“The CCRC model will [never] protect the buyer.”

A small group of thoughtful agers regularly discusses the pros and cons of CCRC living among themselves. Some are residents. Most are not. Recently, one of those wanting CCRC advantages but unable to find such a CCRC responded to a similar seeker as follows.

“I wish I could be more helpful. I cannot. I am guessing that it will not help to see an attorney as I am guessing that the provider will not be willing to change any of the terms of the contract. Maybe that means that the answer is to go to a month-to-month situation and not a buy-in. Do not seek community – though you can develop community wherever you go. Maybe, create an intentional community that sets its own rules and regulations. But, I don’t believe the CCRC model will ever protect the buyer. That does not mean it will be a disaster. It may turn out perfectly. My two friends, east and west, are loving it.”

A Wake-Up Call

That conclusion, after much research, that “the CCRC model will [never] protect the buyer” is devastating for the industry. This kind of public understanding is spreading. The industry cannot afford to continue to claim a positive mission while ignoring these anguished cries.

This is not a new understanding. There have been resident advocates for almost as long as there have been provider advocates. Even now, providers are opposing a resident initiative in the State of Washington and a resident-protective initiative in Florida. We are seeing resident disasters in New York, North Carolina, Florida, and Illinois, and there are likely others elsewhere. Why not instead focus on what is best for residents and give it to them?

Time To Be Bold

When an influencer prospect, who has delved deep and wide into your industry, concludes, “The CCRC model will never protect the buyer,” then it’s time to pull a Steve Jobs and totally upend and reinvent the industry for the better. “You’ve got to start with the customer.” – Steve Jobs.