Anyone selling their house in Melbourne should be able to buy TWO [or more] Ryman units.
PS Craigs research today have upgraded OCA to BUY with a target price of $1.24.
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Sorry Percy I find that very difficult to accept at face value. Perhaps you could provide some evidence to support your contention such as the average price of a RYM unit in the suburb in question and the average price of a house in said suburb. The normal ratio is about 75% unit to house and if the value of the house has declined 10% the margin is getting thin for said discretionary choice.
This was certainly not the case for my parents nine years ago with the RYM facility at Orewa. The price of a nice 2 bedroom unit was almost exactly the same as their stand alone two bedroom home. To suggest that RYM's units are dirt cheap as a blanket statement compared to the surrounding suburbs is not something I have seen as being a realistic claim.
Good that Craigs can see the wood for the trees. What's their rating on RYM and SUM if you don't mind sharing ?
is this the end of oca , sum rym arv and met profit grab , probably half there stock prices if it gain traction i reckon
A new retirement village operator is promising residents capital gain on their units
https://www.stuff.co.nz/business/110...on-their-units
LOL Halve their value...more Bull from the bear.
The devil will be in the detail. You can't get something for nothing. I would expect their weekly fees will be a lot higher...people have to pay for the services one way or the other. I bet the directors of OCA, RYM, SUM ARV and MET are quaking in their boots lol
Another VHP Vital Healthcare Property Trust type "management control" fiasco in the making.