Originally Posted by
minimoke
That may be. But your average OCA Care Suite will be bought free of debt. Your average national house will be loaded with debt.
So to buy a suite (or any retirement villa type option) a person needs to pretty much clear of debt by the time the option is being looked at. That is an option that will only apply to the top X% of NZ's population.
The trouble with falling property values is that it releases, on sale, less capital to the owner - which tightens their options for their next buy. Then a care suite becomes an unaffordable luxury.
There remains an ongoing beacon of hope - and that is government (regardless of side) wants people out of the primary health system. We ought to see incentivisation into care suites - with the added benefit of freeing up residential housing stock.