https://www.rnz.co.nz/programmes/the...ement-extremes
Geez I wanna retire today and go live in The Helier.
Sounds…expensive.
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https://www.rnz.co.nz/programmes/the...ement-extremes
Geez I wanna retire today and go live in The Helier.
Sounds…expensive.
I have stated on several occasions it does not include the DMF & the DMF is the kicker.
However if you do the calculation over the average 7 years the lost rent outweighs what the net DMF is.
Prior to a unit being resold, it's gets a renovation, I.e perhaps new kitchen,.New curtains, carpets etc. This comes out of the DMF.
I have mentioned the benefit of the money up front, but what's knew about that? All 'loans' you get the money up front & use of cash. It doesn't mean there aren't interest costs on the loan. And of course they make money on that money, hell if a business doesn't make money on borrowings that is a company heading towards bankruptcy.
The problem with what many are saying is that OCA gets free loans & the DMF, it's double dipping.
I have also said on many occasions, it's a good deal for OCA, it's just not free.
Worth a read and to think about carefully in OCA model context.
Think about each of the risks highlighted and how they apply to OCA.
https://www.oaktreecapital.com/insig...impact-of-debt
This is all most people need to know , never mind the gospel chorus from the bagholders on the goldmine of the float.
From fletcher building. no wonder most RV satocks are heading towards lows again
There has also been a notable slowdown in house sales in the New Zealand market and an end to the house price momentum seen through the first half of FY24.
https://www.nzx.com/announcements/430952
I looked at the Oceania diversity report. A majority of the directors are men, but the overwhelming majority of employees are women. There was no breakdown of clients, but the demographics of the elderly, plus observation when visiting villages would indicate a large majority of clients are women too.