Like a bunch of five years olds bickering in the playground
Quote:
Originally Posted by
turmeric
...it's only clutter if you unconditionally believe there is no link between the housing sector and SUM and IMHO that would be extremely naive. If there is potentially a link then surely it is worthy of discussing...
So let us not discuss house prices, the calculation thereof and the perturbations thereof here, go away and do that somewhere else.
Let us instead discuss what the supposed link between housing and retirement operator profits is.
Evidence would be more useful than IMHO's
Best Wishes
Paper Tiger
I despair of humans, never quite sure how they made it down from the trees. Probably feel out and landed on their heads.
Sometimes you just have to let it go
Quote:
Originally Posted by
turmeric
Haha, you certainly are a character Mr Tiger. For the record I referenced an RBNZ discussion paper on measuring house prices and an NZ based empirical study on the dynamics between house prices and sales volume.
Based on your comment above I take it you read neither, but giving you the benefit of the doubt that you did in fact read them, and your strong desire to talk about the link between housing and the retirement sector what are your thoughts on both these two papers and how they relate to SUM!
They are irrelevant to the discussion I am suggesting would be a more useful one to pursue, and on which I have commented on this thread previously.
Best Wishes
Paper Tiger
Market reaction to house prices
*Most retirees own homes near the upper quartile of the price distribution, not the median, but the selling prices of village units is pegged to the median. Hence, even a small downward correction in house prices leaves plenty of breathing space for most prospective entrants to complete the move to a village. As a result, village sales are largely immune to property market dips."
I have marketed six retirement villages, and in one, noted an unusual struggle to get occupancy in the credit crunch period. It was my impression that many people who were moving in for independent reasons didn't have to do it immediately, and could wait until their house values went up. Those who had to move in for health issues had less freedom of choice. As prices increased, the village filled.
I feel a disturbance in the force
Oh winner69!
What have you done?
The balance of cosmic harmony has been perturbed!
In order to restore the serenity of the thread and return everyones blood pressure to a safe range I am saying nothing further except I would like to know what other people think the 'Underlying Profit' is made up of.
Best Wishes
Paper Tiger