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07-12-2021, 05:08 AM
#1511
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07-12-2021, 08:27 AM
#1512
 Originally Posted by Greekwatchdog
And now officially into retirement villages ....
Different model, more in line with FBU's standard construction offerings. Designed to appeal to the more 'affordable' end of the market with pretty much no onsite amenities. But with some care services able to be accessed through a third party. Will suit some, for sure, and open a new sector in the market.
Comparative profitability still to be seen.
Last edited by artemis; 07-12-2021 at 08:49 AM.
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07-12-2021, 08:37 AM
#1513
Will be very interesting to see what this looks like. More affordable for those who can't afford the big players, but I am not sure about the lack of amenities. Potential customers may be fine without a gym or swimming pool, but a hairdresser onsite once a week would be a basic expectation these days. The capital gain share will definitely be a pro for families looking for somewhere for Mum or Dad. Especially given there is to be no rest home - Mum and Dad will have to move elsewhere when they need that.
Originally Posted by artemis
Different mode, more in line with FBU's standard construction offerings. Designed to appeal to the more 'affordable' end of the market with pretty much no onsite amenities. But with some care services able to be accessed through a third party. Will suit some, for sure, and open a new sector in the market.
Comparative profitability still to be seen.
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07-12-2021, 09:23 AM
#1514
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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07-12-2021, 09:37 AM
#1515
[QUOTE=BlackPeter;930410]But didn't FBU had plenty of problems (and lost plenty of money) during the last building boom? From memory ... they don't deal well with too much work  :
Hey BP. The company is run a better and tighter these days. Taylor is very clear on expectations he has on respective business units.
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07-12-2021, 09:40 AM
#1516
Member
Originally Posted by winner69
Wow thats 1019 houses a 7 day week, 52 weeks a year, Good luck with that i say
The annual number of new homes consented in the year ended January 2021 was 39,881, up 5.8 percent from the year ended January 2020, Stats NZ said today. The all-time high for any 12-month period was 40,025 in the year ended February 1974, which is 144 more than the current year-ended figure.2/03/2021
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07-12-2021, 09:47 AM
#1517
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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07-12-2021, 09:49 AM
#1518
Originally Posted by winner69
And I thought we are only something like 50,000 buildings short in NZ ...
What exactly are we doing with the other odd 200,000 spare buildings they want to erect?
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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07-12-2021, 10:59 AM
#1519
Originally Posted by BlackPeter
And I thought we are only something like 50,000 buildings short in NZ ...
What exactly are we doing with the other odd 200,000 spare buildings they want to erect?
Replacing all the badly built and leaky ones built not that money years ago.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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07-12-2021, 11:20 AM
#1520
Originally Posted by winner69
Replacing all the badly built and leaky ones built not that money years ago.
Fair enough - though not familiar with the unit "money year". Is this more or less than a "light year"?
Anyway - I can't remember - did FBU contribute to the leaky building crisis? I bet they did.
Great strategy then to make money with correcting their own mistakes. Need to buy more FBU, they screwed up a lot over time - unlimited potential for making money!
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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