isnt that good.? anyway how do not for profit operators in aus survive then.
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I would think KiwiSaver providers would stand behind most of us in this forum on this matter. I would say Skycity as unethical, but the ages care/retirement villages? This is a supply and numbers game. We need care for the elderly!!! The government supplies the legislation and the companies supply the business model to that legislation. The government has nowhere near enough money to provide aged care for all New Zealand’s aging population. I for one have spoken to many residents at villages in Napier and they love it. They all have different stories, but they love the social interaction villages provide. I could go on but sorry you need to see the broader picture here bull. Ask Percy he was looking at going into one recently (at some stage) he could let you know what he thought making an informed decision.
I am sure they will be "absolutely delighted" to hear from an idealist such as yourself and to have to explain their position to you.
I couldn't agree more with Couta1's response to your post.
Shall we make it unethical to provide all goods and services to the elderly for a profit, food, vehicles, electricity, houses, airfares...all these things should be provided at cost right...lol
And back to the share price. Come on now.....Which one of you guys Have been selling Sommerset today to buy OCA .? Bit of a drop in SUM. and a rise in the other.....
Not guilty here...happy to own both and do lots of this https://www.youtube.com/watch?v=FhSX7kRGIwM
Nice one ...