Retirement village operators

[Bjauck]

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New Zealand certainly has some very wealthy families and no doubt quietly engage staff as required.

Many people would much prefer to stay in their own well-loved homes if possible. However it is very expensive to hire groundkeepers, caretakers and nursing staff especially for round the clock needs. Super-Wealthy families have always been able to do this. Recent years have seen greater divergence of wealth as land ownership and inheritances build up a concentration of wealthy families.

Without underlying change post-pandemic, no doubt we will continue to further head back to a Victorian-era situation where more of the wealthier wealthy will be able to stay in their homes and estates attended to by live-in nurses and staff whereas the rest will need to move in with children or into care facilities struggling to survive with cut-to-the-bones government or charitable support.

A further drop in the level of residential land ownership could have a negative impact on he growth of the numbers of new sales based on the ORA system of retirement village occupation?