Waiting another year, not so bad.
Two years and those interest costs add up.
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Mightn’t be as many as punters think the number of oldies who will be able to afford moving into a retirement village
NBR article extract Centrix figures show an alarming trend, with more and more people over 65 still having a mortgage. The number of people stepping into retirement with a mortgage has been growing. In 2018, there were 118,000 people over 65 with a mortgage, rising to 136,000 people in 2023 collectively owing just over $25 billion.
That’s about 17% of over 65s have a mortgage now …maybe 30% in 10;years time way things are going.
Could be read many ways. Does your source indicate the size of mortgages held? I'd keep a line of credit open with the bank even if I was "mortgage free", you never know when you might want to access the equity of your home at short notice without having to ask for permission.
terriblr PR and service
no-wonder sales are down
Oceania slammed as report exposes litany of failures in care of man who died after complaining of 'terrible pain'
https://www.newshub.co.nz/home/new-z...ible-pain.html
Market certainly not happy with the revelation - sp under pressure again with bid side looking very thin. Could test previous low of 56c if the sp cannot hold 59c (index selldown).
One too many issues with Oceania's care of the elderly.
Goes back to how and why Oceania was set up in the first place?
Oceania was put together by Macquarie in line with their strategy of aggregating businesses and assets, to flick onto the market for a profit. There's no real vision or underlying philosophy behind the company - a lot of corporate speak & jargon with one single aim - exit for a profit.
2019 incident.
"The results confirm that this was an independent incident and not a reflection of the wider culture."
Macquarie exited 2021 (if I recall correctly). The whole business has new strategy and business model since.
This should have no effect on the market. Market is forward looking, not backwards 5 years
Fair enough but how confident can children be about putting their parents into OCA's RV and care units?
https://www.rnz.co.nz/news/national/...its-rest-homes
https://www.nzherald.co.nz/waikato-n...JEOHGJTLUWH6I/