Good business angle when we're entering era of static or dropping prices
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Good business angle when we're entering era of static or dropping prices
Yeap...I suspect some people who have a short attention span and didn't even make it through the whole article to read the last bit
"But 90 per cent of older people choosing a retirement village - about 40,000 people - did so for the bundle of services provided, especially access to health care which provided peace of mind. For a certain section of older people the capital gain would be a drawcard".
They will be a small niche player and I predict they will charge like wounded bulls for very limited services and activities because if they're not getting their profit through capital gains they're getting it though milking oldies for all they're worth with weekly management fees.
Not to mention that capital gain is of no use to the purchaser when they are pushing up daisies, might as well enjoy the full package with their hard earned dosh rather than leaving it to some entitled cupcake.
Hello readers.
I will outline my situation again and the classy family experience indirectly led to a significant investment into OCA.
A much loved family member was in real/desperate need of aged hospital care eg. toileting, bathing, bedding, cooking, medical supervision etc . This situation comes on when one is 80 or 90 etc very quickly indeed. So the Rymans type very nice apartment we owned was suddenly useless for our loved Mother.
Yes there are public geriatric wards available and they welcome visitors to look around and visit!
We were not penniless, and while Mother was very infirm her intellect and personality remained unaffected as did a normal human desire for a little privacy and a little home of her/your own.
We couldn't sign up for a OCA care Unit offering exactly the above PLUS full hospital care quickly enough (again I point out how sudden and desperate and non reversible these aged health demands occur)
There was a cost---reasonable in our opinion----- BUT it was Single best thing we EVER did.
dont forget a capital gains tax will make returns for retirement village operators even less if implemented
https://www.stuff.co.nz/business/110...ean-in-reality