lol only investors capital being destroyed ..... but that alright eh haha as you say you can just keep buying more as it gets cheaper lol cause your getting a bargain :scared:
Printable View
think your all missing the point
as the retirement commission said the other day over 50% of retiree's will be classified as poor in the next 10 yrs in NZ ( inflation cost of living may well speed this up )
So in effect less people will be able to afford the other retirement villages ie market % will decline and all these existing villages will be fighting over a smaller pool of people
FBU is moving in to fill the gap where the most retiree's will sit in the future and i see them eventually offering cheap accomdation options as well
Nope. As I said in the other thread, people in that category want the option of care if and when they need it. They do not want to have to move elsewhere if they need rest home or hospital level care at some point. There is not even an indication that this village will provide nursing coverage/oversight. It seems to me that it is a village of units, and nothing more. I will be in your "poor" category down the track. I'd far rather have a standard care bed at OCA than one of these units with no onsite support. Besides which, you are missing the point. Poor people are not going to have the money to get into one of these in the first place. Where are they getting their $700,000 from?
Not going to be hugely attractive in my opinion.