But when you have heard the same story dozens of times it serves no purpose other than your own amusement. Oh yes and I was just reminded by a couple of members that you stated that you were done with this thread and stock not long ago? Tui anyone.
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Thanks for adding such "insightful and detailed analysis" about OCA.
I have posted numerous insightful posts, based on my experience of working in the residential aged care. What you do not seem to appreciate, or value, is input from those who work in the sector, who actually understand what aged care actually is. I leave the analysis to you, but analysis alone is meaningless if you do not comprehend what OCA is doing, and why.
The contrarian in me says it's time to start backing up the ute when the sp is this low :cool: Another 5 cents down and I'll use a dumpster.
Property prices still falling
HPI down 1.6% from April to may ..... last 3 months down 5.6% .... and only 3.7% upon a year ago
Well let's have a discussion on general property prices and effects on value of OCA units.
Costs of new construction is going up and up and up. This will flow through to second hand and existing OCA units.I am reroofing my house and the cost has gone up 10% from a month ago. Damm I should have accepted that quote back then.
Supply and demand will be the sales model soon, this will be based on replacement cost. I think the supply and demand in the general housing market, is based on a number of other factors. Valuation of OCA units has in the future to be based on replacement costs, less depreciation. We all know with the aging population demand for elderly care will be ever increasing. There are very few satisfactory alternatives out there.
Do interest rates affect the elderly so much, a lot are mortgage free with, additional savings and investments.
Licence to occupy, is cheaper than ownership of a home anyway. Also it relieves you of the burden of ongoing maintenance, particularly large ticket items such as reroofing.
Those elderly that either don't own their own home or have savings will have to be content with a basic care room paid for by the DHB.
The alternative is what?
Haters just think that OCA is going to sell units below cost, because the housing market has had a bit of a relapse.
Inflation will start to factor into all second hand property very soon.