And now officially into retirement villages https://www.nzherald.co.nz/business/...PLPMB7B4ZBTUE/
Printable View
And now officially into retirement villages https://www.nzherald.co.nz/business/...PLPMB7B4ZBTUE/
Different model, more in line with FBU's standard construction offerings. Designed to appeal to the more 'affordable' end of the market with pretty much no onsite amenities. But with some care services able to be accessed through a third party. Will suit some, for sure, and open a new sector in the market.
Comparative profitability still to be seen.
Will be very interesting to see what this looks like. More affordable for those who can't afford the big players, but I am not sure about the lack of amenities. Potential customers may be fine without a gym or swimming pool, but a hairdresser onsite once a week would be a basic expectation these days. The capital gain share will definitely be a pro for families looking for somewhere for Mum or Dad. Especially given there is to be no rest home - Mum and Dad will have to move elsewhere when they need that.
[QUOTE=BlackPeter;930410]But didn't FBU had plenty of problems (and lost plenty of money) during the last building boom? From memory ... they don't deal well with too much work :):
Hey BP. The company is run a better and tighter these days. Taylor is very clear on expectations he has on respective business units.
Wow thats 1019 houses a 7 day week, 52 weeks a year, Good luck with that i say
The annual number of new homes consented in the year ended January 2021 was 39,881, up 5.8 percent from the year ended January 2020, Stats NZ said today. The all-time high for any 12-month period was 40,025 in the year ended February 1974, which is 144 more than the current year-ended figure.2/03/2021
Fair enough - though not familiar with the unit "money year". Is this more or less than a "light year"?
Anyway - I can't remember - did FBU contribute to the leaky building crisis? I bet they did.
Great strategy then to make money with correcting their own mistakes. Need to buy more FBU, they screwed up a lot over time - unlimited potential for making money!