What is the practical significance of housing for the elderly?

In fact, housing for the elderly is a common name of "reverse mortgage", which means that the owner of housing property mortgages the house with its own property rights to financial institutions such as banks and insurance companies, and the latter fixes a sum of money to the owner every month, and the owner continues to obtain the right of residence until the owner dies; When the owner dies and his property is sold, the proceeds will be used to repay the principal and interest of the loan, and the appreciation will also be owned by the mortgagee. Judging from the international precedent, it is very common to provide for the aged with housing.

The beneficial platform for the aged believes that to understand the significance of housing for the aged, it is necessary to understand why the government should provide housing for the aged.

As the civil affairs department in charge of social welfare, the reason why the government spared no effort to introduce the so-called housing-based pension is because the government's investment in endowment insurance is seriously insufficient.

The dual-track system of pension insurance shows that only a few civil servants with high pensions can live a middle-class life with no worries about food and clothing, while the pensions of most retired employees in ordinary enterprises are only a fraction of those of retired civil servants and can only live below the middle and lower classes.

These are also the builders of the new China, who have contributed their lives to the country regardless of remuneration and cost. When they retire when they are old, the state can't give them decent and full retirement income.

In this case, the civil affairs department, as the head of the social security government, instead calls for the promotion of the so-called housing for the elderly, essentially trying to make up for the lack of government pension expenditure with the housing property rights of ordinary people.