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  1. #1421
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    Quote Originally Posted by winner69 View Post
    Here’s 70 pages on retirement sector

    https://nzaca.org.nz/wp-content/uplo...ofile-2024.pdf
    Winner - I had a quick look and there are some revealing insights, although it deals with aged care beds (including those provided by RVs under ORAs) and not RV residents generally.

    There is a great article in The Australian today examining the population demographics with respect to the massive increase in the 85+ cohort which must be expected when the first of the baby boomers (b1946) commence reaching that age in that country and the lack of any plan to address the consequences. The situation is/will be no different in NZ. Not only that but the proportion of the aged who can currently self fund their costs is falling incrementally.

    The tsunami is coming. And RV operators are purposefully downsizing or exiting the provision of aged care beds as a matter of policy even now, with the intent of only providing for their own residents transition into care.

    Our commitment to "short termism" isn't helping, with other more immediate crisis to focus upon.

  2. #1422
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    4,663

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    Quote Originally Posted by ronaldson View Post
    Winner - I had a quick look and there are some revealing insights, although it deals with aged care beds (including those provided by RVs under ORAs) and not RV residents generally.

    There is a great article in The Australian today examining the population demographics with respect to the massive increase in the 85+ cohort which must be expected when the first of the baby boomers (b1946) commence reaching that age in that country and the lack of any plan to address the consequences. The situation is/will be no different in NZ. Not only that but the proportion of the aged who can currently self fund their costs is falling incrementally.

    The tsunami is coming. And RV operators are purposefully downsizing or exiting the provision of aged care beds as a matter of policy even now, with the intent of only providing for their own residents transition into care.

    Our commitment to "short termism" isn't helping, with other more immediate crisis to focus upon.
    A very interesting set of figures. Thanks W69. Years of underfunding are catching up. Those who can pay premium rates or stump up the cash for an ORA bed may be ok.

    Otherwise in the absence of further boosts to funding, will Health Boards need to supply squalid dormitories/ doss houses for the rest? Will Rest homes in more prosperous areas decide to go private so they can charge more than the maximum contribution rate, as with OCA’s Helier.

  3. #1423
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    Mar 2021
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    Auckland
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    Someone needs to talk to Sam Stubbs about being a first mover for constructing specially designed "Build to Rent" apartment blocks in main centres for those elderly 70+, with suitable support facilities included.

    Cheaper for Government to pay an accommodation supplement to those needing assistance to afford occupation than any alternative. Of course when full aged/hospital type care is needed they would have to move on, but is that any different to now? And meantime tenure would be secure, in a community environment.

  4. #1424
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    Sep 2009
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    2,685

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    Or this model?
    "Australia has 12 million empty bedrooms... So could this company crack the housing crisis code?
    Empty nesters continue to stay put in their family homes, despite Australia's demand for housing skyrocketing.
    6TH MAR, 24
    PRINT WIRE

    Matthew Kidman
    Centennial Asset Management


    FOLLOW
    Affordable housing seems to be an elusive goal in Australia. However, Lifestyle Communities (ASX: LIC), which is celebrating its 21st birthday in 2024, might have just cracked the code."
    https://www.livewiremarkets.com/wire...STEN%20%20READ

  5. #1425
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    Aug 2012
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    4,663

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    Quote Originally Posted by ronaldson View Post
    Someone needs to talk to Sam Stubbs about being a first mover for constructing specially designed "Build to Rent" apartment blocks in main centres for those elderly 70+, with suitable support facilities included.

    Cheaper for Government to pay an accommodation supplement to those needing assistance to afford occupation than any alternative. Of course when full aged/hospital type care is needed they would have to move on, but is that any different to now? And meantime tenure would be secure, in a community environment.
    The government for years has had tax and other policies in place that encourage households to over-invest in existing residential property, and then have a generous accommodation supplement benefit to enable some to rent the expensive residential investments.

    So hey ho, income earners subsidise residential investors (both owner-occupiers and investors) and then subsidise those paying them rents. This continues because neither major political Party wants to face the electoral consequences of tackling this such massively government subsidised investment class, and the resulting effects on our capital markets and economy. A slow dismantlement of these large subsidies is needed.

    Why doesn’t the government for a start, remove GST from building products and labour for new builds, and impose a stamp duty on purchases on second and subsequent exisiting houses, except perhaps for multiple dwelling blocks, and a CGT on all gains from investment in existing residential properties.
    Last edited by Bjauck; 09-03-2024 at 09:00 AM.

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