wonder if covid lows be tested again ? next yr be brutal in many regards esp considering how RBNZ yesterday gave a doom presentation on property outlook
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wonder if covid lows be tested again ? next yr be brutal in many regards esp considering how RBNZ yesterday gave a doom presentation on property outlook
Nice to see you think my valuation methodology has some merit
I think it’s vital one assesses the care shortfall / losses (who much does it need to be subsidised from other activities) not just for today but into the future. That’s why I capitalised what I think the current figure is and allowed for that in my valuation. I reckon it’s a big number …hence the huge discount to NTA
The Government really had no alternative but to finally (and significantly) increase public sector nursing salaries, pay shift incentives and more. The voters would not tolerate collapse in the hospital system.
However, the private sector providers continue to be squeezed dry. The gazetted increase in care funding rates, effective from 1 September 2022, is 5.5% which is less than the rate of inflation and there is no incentive for existing aged care providers to increase investment in new beds or facilities. On the contrary ARV (in which I am also a holder) last year divested four smaller care centres to reduce the needs-based composition of their portfolio and have stated (Investor News September 2022) that they intend to continue that strategy.
In my view the development of the private/NZX listed retirement industry in this country over, say, the last two decades and with the current rate of building has literally saved the Governments bacon in the housing sector and in care for the elderly where in both cases the public sector deserves, as everybody knows, an abject fail mark.
boiled cabbage is getting expensive
The answer is right in front of everybody, but few have the courage to tackle it.
People take their elderly pets to the vet when they are unwell, and accept a vets assessment the pet would be best put to sleep.
The pet does not have the power of the veto.
However, with humans, the reverse applies, and all manner of life support is invoked to prolong the misery of those waiting to die.
The cash cows are kept propped up.
C.mon OCA, set up your voluntary euthanasia division.
My Mum recently passed Getty, she spent her last 9 months in Summerset village slowly declining. The care there was just amazing.
When the time came.... they knew when...and what to do....and helped her a lot.
The family was extremely grateful for the professional, compassionate care she received....right until the end. In spite of the struggles with COVID and staffing levels.
We couldn't have asked for more.