Originally Posted by
Beagle
Agreed. I don't think Labour's plan's to build 100,000 affordable homes, (even if they somehow manage to achieve this election promise and even if those homes really are affordable) will have any material affect on the price of existing stock. Remember that, (sticking with the saner minds) according to well respected BNZ economist Tony Alexander there are over 1,000,000 Kiwi's presently living overseas and no amount of immigration fiddling can stop those who want too from coming back home and I think with all the unrest in the world that's ever increasing many will do exactly that in the years to come ! Where are they going to live...
The other thing is nothing will stop the huge tsunami of baby boomers approaching 70+ from wanting to enjoy their retirement years in a comfortable supportive caring community. SUM's units differentiate themselves from RYM by being quite a bit larger in general. I am sure if there's some compression between the price of houses and those of retirement units so they become slightly less affordable smart operators like SUM will quickly adapt their business model to suit.