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25-06-2023, 08:31 AM
#1321
Member
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15-07-2023, 08:01 AM
#1322
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15-07-2023, 08:37 AM
#1323
 Originally Posted by justakiwi
I do believe the retirement village sector in general is very profitable because of it's access to cheap capital, but I don't even know how "super" profits are defined. Apparently it's a "concept in Karl Marx's critique of political economy subsequently elaborated by Vladimir Lenin and other Marxist thinkers."
If they (the other article, not the one you posted) mean supernormal profit, which is an economic concept, that can argument can be easily dismantled with the knowledge that the retirement village market is a competitive one.
Anyway it's great to see a balanced article thanks JAK.
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15-07-2023, 02:45 PM
#1324
Hardly surprising to see all the angst out there against the profiteering RVs, is it when we have a Labour government which has been pitching that landlords and property owners are greedy and selfish enemies of the people?
Add elderly to the mix here and it’s not hard for the woke media & commentators out there to take aim at the RV sector.
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15-07-2023, 06:03 PM
#1325
Originally Posted by Balance
Hardly surprising to see all the angst out there against the profiteering RVs, is it when we have a Labour government which has been pitching that landlords and property owners are greedy and selfish enemies of the people?
Add elderly to the mix here and it’s not hard for the woke media & commentators out there to take aim at the RV sector.
Labour has always found that companies and shareholders are an electorally more palatable target than the millions of “greedy and selfish” private individuals that amass leveraged capital gains from residential housing.
Yes the mix of nursing care, elderly and disabled, the beloved middle class kiwi entitlement to capital gains from real estate and general susceptibility to government fiscal and monetary policy is a heady one and not just for snowflakes and the wokesters!
Last edited by Bjauck; 15-07-2023 at 06:04 PM.
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16-07-2023, 12:11 PM
#1326
https://hbr.org/1984/01/strategies-f...st-competitive
Strategies for Staying Cost Competitive
by Arthur A. Thompson, Jr.
From the Magazine (January 1984)
"No company can totally avoid the impact of increasing costs. And most managers have learned to adjust to the effect inflation has on current operating costs. But few have factored it into their competitive strategies. And most managers, particularly those in capital-intensive industries, have not paid enough attention to the way increasing capital requirements affect their ability to compete in the long run."
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23-07-2023, 07:41 AM
#1327
One interesting point made by the ARV Chair in his Report on Friday, in mentioning the current separate sector reviews being undertaken by the Commerce Commission and the Ministry of Housing and Urban Development, is that there are some 200 operators involved in the sector and covered by the relevant legislation.
We are all aware of the around ten listed operators including Metlifecare which still is covered by NZX due to its debt listings, which collectively own or manage hundreds of such facilities, but I was surprised at the number of the independent operators out there, many of which in turn will themselves have more than one facility. But then given many will also lack any economy of scale it is no wonder there are regular media exposes of stresses and closures affecting the industry and that there are advocates for more/better regulation.
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08-08-2023, 11:50 AM
#1328
Aged Care Association launch their new campaign targeting chronic under funding of the sector. https://www.dominoeffect.co.nz/
"Each year, the government calculates how much funding each aged care facility needs. Then they ignore it. This results in underfunding each year, which has compounded into the issue we face today. And it will only get worse.
For far too long, New Zealand has been underfunding the Aged Care sector. It’s now become unsustainable, with residential facilities closing down right around the country. Looking ahead to 2030 and beyond, Aged Care beds will become extremely limited."
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12-08-2023, 12:56 PM
#1329
Pity that aged care funding, pay parity for nurses and care givers etc are not emerging as policy in the lead up to election. The industry is going backwards, beds being closed across the country, care workers stressed to the max, all the while the aging population is increasing, demand increasing.
https://www.stuff.co.nz/southland-ti...r-shifts-start
Write to your favourite political party and ask them what they are going to do about this appalling situation.
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12-08-2023, 01:10 PM
#1330
"I am told details of the Aged Care Review should be known in the coming week." Carmela Petagna, Chief Executive, Home and Community Health Association
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