This document discusses retirement housing options for elderly parents including having them remain in their existing home, building a granny flat, or moving them to a retirement village. It notes that retirement villages can offer social opportunities and on-site care but also have disadvantages like high ongoing fees, lack of variety, and feelings of abandonment from family. The document also outlines different ownership models for retirement villages including strata title, leasehold, license, and company title, advising readers to carefully review terms and beware of exit fees and sale restrictions.