Are you feeling the burn, SR?
Where’s the ‘I want OCA to be down at 45c’? :t_up:
Got to admit that it would be wonderful if OCA keeps going down and falls to 25c!
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Still living rent free in your thoughts I see. Hope your having a great day champ.
What astounds me is focus on the housing MKT....surely when folk need to move into a retirement home...they just move.
I think that still depends on the type of village or home. Mum took 6 months to sell her house at the money she wanted before buying into a village. Its been a very positive move and shes happier than any of us imagined but she was firm on her price and it took time.
It does seem simple on face value, but 'retirement home' has various meanings nowadays. In days gone past, they were just a communal living block of rooms for the aged, who need living support of varying degrees, from making dinner and keeping a tidy room, through to daily support or hospital care, dementia care and respite and end-of-life care. This by definition is defined as "need" and you're right, the choice is stark and the moves into this are usually triggered and swift.
Modern 'retirement villages' are much more than that. Far more even. Although the listed companies provide for the above old aged care and infirmed, the RV's have developed and move into earlier aged life living circumstances. They have luxurious apartments, nice apartments, self contained villas, independent living, amenities, with care facilities available as or if needed. The RV's 'retirement' living is far more sophisticated than the old school charities old age through end-of-life care. It is a choice decision, not just a need decision.
Able bodied retirees have choice, about whether they continue in their own homes, alone, or trade that for the community that independent living in a modern RV offers, from high-end accomodation and facilities, through to more affordable independent living, mostly well before they need old-age care, hospital, or dementia care.
It's that choice, and the continuum of care alongside it, that sets the modern RV's apart from the 'needs based' care that the rest of the sector mainly caters for.
And that choice, not need, plays into the housing market. An able bodied retiree, who owns their own home, but 'chooses' to move into an RV apartments, villa, or home, usually must sell their home to pay for it. That's why the housing market matters, it is relinquishing existing property to pay for the right to occupy an RV property. The market determines the relinquish price, and the RV sector determines the ORA price, the right to occupy.
The housing market therefore, is very influential in decisions to choose an RV, before becoming infirmed.
"I look at a stock as a business. Other people would look at it and say, 'Well, the stock hasn't done anything for a few years.'Who cares whether the stock has done anything for a few years? I don't care whether the price of my farm has done anything for a few years. I know that it can produce.So you've got to look at it as a productive asset and not as something that wiggles around on a piece of paper."
WB45c is arbitrary, last time the Sailor really filled his gullet was between 39 and 41 cents. Sold shortly after at 86.
So I'd prefer sub 45 thanks, or sub 25 if I can get. Hell I'd even take shares for free.
Currently I have been able to get my average (this round) below 80c but of course prefer much cheaper.
What are you asking about feeling the burn? Yep been hot and just had a kina cut so need to be careful in the Sun, nice not having to go back to work with everyone else I can tell you. This is purely because I have been able to purchase businesses with very LOW share prices to their ability to produce cash in future.