I agree, dobby. Can't see RYM doing other than sticking to their knitting.
:)
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I agree, dobby. Can't see RYM doing other than sticking to their knitting.
:)
RYM have accepted a friend of our family who is 56 into a unit due to the frail health condition of his wife. So it does happen.
Geepers I spoke too soon! More volatile than ATM!
Didn't you know little bear that RYM is an acronym for Rollercoaster your money. :D
Actual pictures (not artistic representation) below.
Nice to see some progress here.
Would appear the major underground works including the car parking must be near completion.
Attachment 10284
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Attachment 10286
They look like they've caught a few punters already!
I have to admit...I like many others viewed RYM like a train...many of us thought that in general residential house prices "should" have minimal influence on RYM and other retirement entites because folk still/will make the move when the time is ready...essentially because if your house drops in value from say 900k...to 800k...you can still afford a RYM place for say 300K to 500K...anyways that my thoughts...
Can one imagine what most NZ based kiwi funds are thinking
One person on here had the courage to put their neck on the line and barked very clearly that $14 recently was silly stuff. I think its headed back under $8. Momentum a powerful thing and as we start to see house prices falling in Auckland the negative sentiment could very easily snowball.
Well done sir...was it an easy decision....
Certainly is and those overseas RYM lovers can quickly turn the price around if they so wish(I reckon it's NZ based sellers driving it down at the moment) I reckon your barking up the wrong tree if your saying under $8 but if it did OCA would only be worth 80c and we wouldn't like that now would we.
https://www.nzherald.co.nz/business/...ectid=12200033
Hang on to your hats folks, this looks like its getting ugly. The speed of the decline in Sydney and Melbourne is accelerating.
The medium price of a Melbourne house suggests people will struggle to sell them and afford a decent sized RYM unit and the top end of the market if falling the most.
Interesting times. Hope SUM other company is still not thinking of expanding over there.