Coronavirus hits senior homes — and their owners (ft.com)
https://www.ft.com/content/c7e2863b-...d-bc8766545e97
Note: FT.com have made their coronavirus coverage free to access.
Quote:
Investors rushed into sector hoping to profit from greying of baby boom generation ...
But the senior care business has never been easy. With coronavirus, it is becoming far more difficult: occupancy levels are falling at many senior communities and nursing homes as potential residents shy away from facilities that have been ravaged by the virus — and many that have not. According to a New York Times tabulation, at least 27,600 residents and staff have died so far, accounting for about a third of all US fatalities.
2.69% Mortgage fixed for 2 years !
WOW - ASB offers 2 years fixed mortgage for just 2.69% ! I think that's quite stimulatory to the real estate market and helpful to the retirement company sector.
https://www.nzherald.co.nz/personal-...ectid=12333945
National average asking price up 10% on a year ago !