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05-04-2023, 08:30 PM
#1121
Definitely mixed reactions today from the sector. OCA the star up 4 percent, while SUM down a bit
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06-04-2023, 01:53 PM
#1122
the arv result confirms slowdown underway , re-sales maintaining illusion of strong position but the smart cookie's know when you scale back development as all RV'S are doing sales and profits will be less going forward. re-sales not effected to the same degree.
one step ahead of the herd
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08-04-2023, 07:55 AM
#1123
Interesting article
Until now these deals have given the Big Six retirement villages the perfectly integrated business model.
Not only are they in the property development game, which has made them the darlings of the NZX and KiwiSaver, but they also effectively farm old people
Under the Retirement Villages Act it seems stealing from your grandparents has become a market mandated activity.
https://www.stuff.co.nz/opinion/3008...for-untangling
big risk this year ?
Review of Retirement Villages Act begins in 2023
https://www.hud.govt.nz/news/review-...20call%20home.
one step ahead of the herd
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08-04-2023, 08:23 AM
#1124
Originally Posted by bull....
Interesting article
Until now these deals have given the Big Six retirement villages the perfectly integrated business model.
Not only are they in the property development game, which has made them the darlings of the NZX and KiwiSaver, but they also effectively farm old people
Under the Retirement Villages Act it seems stealing from your grandparents has become a market mandated activity.
https://www.stuff.co.nz/opinion/3008...for-untangling
big risk this year ?
Review of Retirement Villages Act begins in 2023https://www.hud.govt.nz/news/review-...20call%20home.
As I've been saying... The perfect business model.
Communists can attack but then what will satisfy the demand.
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08-04-2023, 08:31 AM
#1125
Originally Posted by SailorRob
As I've been saying... The perfect business model.
Communists can attack but then what will satisfy the demand.
i doubt there trying to put them out of business , but reduce there profits might be more likely
one step ahead of the herd
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08-04-2023, 08:48 AM
#1126
Originally Posted by bull....
i doubt there trying to put them out of business , but reduce there profits might be more likely
Yeah, and that will reduce build rates and create a major problem.
I don't disagree that this is a risk and a big one.
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08-04-2023, 09:14 AM
#1127
Originally Posted by SailorRob
As I've been saying... The perfect business model.
Communists can attack but then what will satisfy the demand.
Perfect business model - makes sense only if NZ is run by rational, smart and far sighted governments.
The current lot is none of that so it is entirely possible that they will force changes to the model. Means retirees in RVs will have to find $$$ and/or take out reverse mortgages to pay ongoing living costs.
Plus a CGT should really be included as part of the revamp.
But will Labour bother? The elderly electorate are predominantly NZ First, ACT and National voters.
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08-04-2023, 09:24 AM
#1128
Originally Posted by Balance
Perfect business model - makes sense only if NZ is run by rational, smart and far sighted governments.
The current lot is none of that so it is entirely possible that they will force changes to the model. Means retirees in RVs will have to find $$$ and/or take out reverse mortgages to pay ongoing living costs.
Plus a CGT should really be included as part of the revamp.
But will Labour bother? The elderly electorate are predominantly NZ First, ACT and National voters.
I should add - prefect business model for everyone. Customers, shareholders, government.
I thought there already was a complete and comprehensive capital gains tax in NZ?
Anything bought with the intention of profit from capital gain is taxable isn't it?
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08-04-2023, 09:28 AM
#1129
Originally Posted by SailorRob
I should add - prefect business model for everyone. Customers, shareholders, government.
I thought there already was a complete and comprehensive capital gains tax in NZ?
Anything bought with the intention of profit from capital gain is taxable isn't it?
CGT in NZ? Who ever bought anything with the intention of profit?
There is the bright line test on property investments and that's about it. And interesting enough, the RVs are not affected by that test.
I personally have no problem with a CGT and it is way overdue in NZ along with a comprehensive tax system revamp.
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08-04-2023, 09:40 AM
#1130
Aye me neither. Something simple - a 15-20% cap gains tax on everything bar the family home. Or something slightly higher if selling in under 12 months.
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