Do they feel like prisons to the inmates though?
Or do they feel like a close community where they can live in retirement bliss?
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Depends whether you want to be an inmate or a resident :)
I've just been looking into the difference between how Ryman, Metlifecare and Summerset market themselves and there's some very interesting differences the most notable of which is the extremely high level of assurance RYM give with their 9 peace of mind guarantees. "Old people crave certainty and peace of mind" RYM, at this point in time understand this better than the other companies.
Something you start thinking about when you have buried a number of friends is your own funeral.Most of us would like to have it pre-paid,yet we put off doing anything about it,and leave it to family to organise, when we have died.Family do not feel like comparing,prices and services,at that time,so end up paying over the top.
I would therefore think Morrison Funeral Directors will be well placed to attract a good number of RYM residents.They may have to sharpen their pencil as RYM residents will be comparing prices.
And yes Kings Plant Barn will make a killing.
Don't but you're fertilizer there, for the same reason you don't buy Chinese food from the place next to the vets lol
Herald headlines. Bit short of dramatic news today
$362.9m pre-tax profit, zero tax paid: Ryman Healthcare annual report out
But the nice man from Forbar defends them and explains why
http://www.nzherald.co.nz/business/n...ectid=11880947
Labour's New Lynn candidate is certainly leveraging this specific situation to claim that a formal CGT needs to be implemented
I guess shows how low the New Zealand press has fallen. This is a very dumb headline and discussion.
If we start to charge retirement villages tax for unrealised valuation gains than we need to do that as well to any other property owner (including for the family home). Charge anybody in Auckland owning a modest $1 million dollar home say 31 % tax on the 100,000 dollar their property appreciated last year? Obviously not - most people would be broke after this exercise.
So - why would we ask retirement villages to pay a tax nobody else needs to pay (sounds not legit to me)? And by the way - why would anybody run a retirement village if they are penalised for that by paying taxes for unrealised gains? Back to the state and the tax payer to look after the old people.