I second that - and the good thing is, you didn't even have to be woke to express the feelings of the many decent readers and posters on this thread. Even balance should be happy.
Now - back to OCA:
Printable View
Now, now JAK and BP.
Have you both not heard of political & regulatory risks?
What I wrote is entirely appropriate and pertinent to this OCA thread - that the woke media is on the attack about the 'profiteering' RV operators, farming obscene capital gains at the expense of the vulnerable elderly & increasingly senile residents.
And the woke media in New Zealand Aotearoa is not going to stop anytime soon.
Why are you both getting so worked up about the truth? Just take that into consideration the risk of regulations when pricing and valuing the risks around RVs.
Summerset due to release June quarter sales update next day or two.
Hope some real +ve numbers …and hoping OCA are doing the same.
An example of the woke media in action:
https://www.stuff.co.nz/business/132...new-zealanders
“In Melbourne, the median house was worth $1.51m, and the price for an independent two-bed unit in a Ryman village was $940,000.
That meant Aucklanders faced unit prices that were just 18% lower than the median house price in their areas, while people in Melbourne faced unit prices 38% below local median house prices.“
In other words, NZers are getting ripped off is the gist of what the reporter is pushing.
I agree with your post, but to add to that, what companies aren't greedy? Greed leads to a better customer experience in competitive markets through innovation and increases in productivity.
I also agree that the idea that old people are somehow being taken advantage of is complete bullocks. Anyone with a basic understanding of economics will tell you that for a voluntary transaction to take place both parties need to gain a surplus, which means the buyer valuing the good/service more than the cash they spend. That applies to old people looking to move into a retirement village.
Or so the theory goes, and there is no doubt that capitalism is the most efficient system for the production of goods and services. But your hypothesis depends on a perfectly efficient market -and they are a bit like unicorns. Even with a perfectly efficient market, capitalism produces wealth, but unregulated, also produces exploitation and vast inequality and misery. Gordon Gecko's mantra may well help many of the individuals posting on these forums to feel better about themselves and their activities, but imo it is sadly lacking both as a moral compas and as a principle on which to organise society.
I guess it depends on your definition of "greed."
Miriam Webster defines greed as:
"a selfish and excessive desire for more of something (such as money) than is needed"
The Oxford Dictionary says:
"intense and selfish desire for something, especially wealth, power, or food.
example: mercenaries who had allowed greed to overtake their principles"
My idea of greed is a combination of both of those. An intense, and selfish desire for something, for which you are prepared to ignore your own principles.
OCA, or any of the RV providers, absolutely do not meet that definition, in my eyes.
I have some experience (though not current) of the way political risks are managed on the level of a policy response, and of the way policy is developed inside the Public Service as a result of that process, along with the way that policy risks devolve from it.
As a result, I have very ittle faith in either the fulminations or prognostications of the posters with rabid political views who take every opportunity to bag the current government. Balance is one, and I too wish he would save his bile for the other forums.
If you change the definition of any word, you can make words mean anything. Companies are profit driven entities since decisions are being made by the shareholders who are there to make money. Shareholders certainly do not own stock for the benefit of the customers (I'm sure if you looked hard enough you could find exceptions to this rule).
So yes, shareholders and therefore companies, have a selfish desire for money which would meet both definitions. That includes OCA and the other RV providers. If Oceania wasn't greedy, I wouldn't be a shareholder in the company since I own the stock so I can make money.