Taking it personally and defensively. Jump to wrong conclusions
Printable View
Here’s the views from 3 experts :
https://www.stuff.co.nz/life-style/h...perts-weigh-in
House prices should stop falling sometime from late 2023 or 2024 so could be 2 year or 3 year down cycle according to said experts.
‘Tony Alexander thinks the housing market’s fortunes may be turning by this time next year.’
‘Kelvin Davidson said this week’s update from the Reserve Bank had changed his view on what might be happening at the end of next year. He said that was now more likely to be the case in 2024 rather than 2023.‘
‘ Miles Workman said ANZ was expecting a 27% peak-to-trough fall in house prices when adjusted for wage growth, or 18% in nominal terms. He said ANZ was previously expecting house prices to find a floor in mid 2023 but that could now come later due to the OCR probably lifting for longer than previously expected.’
Hold on here.Dont folk moving into retirement homes....will still happen.
BTW Balance I detest experts.
If they declare exposure...I will listen.
Yeah pretty much two years of downward adjustment, plateau period, say 3 yrs and then the start of upward trend again.
Overall its always up. Chinese proverb,
“Never sell”. Just think of what you paid for your first home and what it is worth now if you were able to keep it. So all good in Camp OCA. Just bought another 11k at . 78c.
Yes exactly . When I decide to move into one it will be out of necessity because I can no longer enjoy where I am living now because of ill health or maybe loneliness. And it will be to Oceania because they offer the best product based on what I have seen at the Sands.
Brain...Thankyou go well cheers.
Loneliness...thanks for mentioning that.
With the $917,647,000 Deferred management fee/refundable occupation right liability being essentially like insurance float, perhaps a lot better, you could make a strong argument that these funds are better than equity capital and will grow over time. If that is the case then we have a situation where we can purchase 1.882 billion dollars of capital for $550 million, or 29 cents on the dollar. Some of that capital you're buying was injected quite recently.
Anyone see it differently?
No, don't see it differently. Nice to see you're drilling into the underlying investment proposition, and maybe seeing why this (and other RV's) are a good long term investment. Property underpins it, but the business model you describe is way more appealing along with the thesis of demand from a 2-3 decade ongoing aging population.
It might help as well to see how massively undervalued the market has these RV's based even on NTA right now. Like if they could sell all their assets now and pay out shareholders, we'd get a lot more than the market price right now. Not that I want to see any takeovers, but you'll get my point I'm sure.
Over 2.5m shares traded on-market today. The daily turnover is consistently high, even given there are 715m shares on issue, most days over 1m. Clearly there are buyers and there are sellers.
Is someone accumulating in this more recent trading range of, say, 78c to 81c?