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  1. #16
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by percy View Post
    A premium care suite in Christchurch costs an upfront payment "occupation right" of between $120,000 and $150,000, and a daily payment of $140.
    A bedroom with ensuite and a lounge cum kitchenette.
    Is that with OCA ? You've got to buy the occupation right and this is amortised at (as I understand it 10% per annum) so on $150,000 that's $15,000 per annum plus also pay them $140 per day ? Don't you mean $140 per week ?
    Last edited by Beagle; 26-11-2019 at 03:32 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  2. #17
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    Quote Originally Posted by Beagle View Post
    Is that with OCA ? You've got to buy the occupation right and this is amortised at (as I understand it 10% per annum) so on $150,000 that's $15,000 per annum plus also pay them $140 per day ? Don't you mean $140 per week ?
    $140 per day ! Hope I don't get old. Ooops...already am....I mean older. No...that's not a good solution either.

  3. #18
    percy
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    Quote Originally Posted by RTM View Post
    $140 per day ! Hope I don't get old. Ooops...already am....I mean older. No...that's not a good solution either.
    My brother in law is paying over $1,000 a week for care,in an old retirement home,for a very small bedroom with a toilet.
    Last edited by percy; 26-11-2019 at 03:58 PM.

  4. #19
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    Quote Originally Posted by percy View Post
    My brother in law is paying over $1,000 a week for care,in an old retirement home,for a very small bedroom with a toilet.
    Well…..they've got that new law...by the time I'm ready...the safeguards might be gone ?
    No...shouldn't joke about that.
    Looks like getting old is going to be an expensive business.
    Thanks Percy....but I prefer not to think about it to much.
    Cheers
    RTM

  5. #20
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    Quote Originally Posted by percy View Post
    My brother in law is paying over $1,000 a week for care,in an old retirement home,for a very small bedroom with a toilet.
    Over $1200 here for our Mother. Be wary when they want to shift your mum or dad to another level of care, they will try to up the room rate. Ask specifically before hand what the changes entail and take the name and date of the person you talk to.

  6. #21
    percy
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    Before we brought our new unit/house we looked at retirement villages in our area.
    Lack of privacy was what put us off most of them.
    We brought our new house, for what an old refurbished villa would have cost us.
    Perhaps in 10 years time when I am 80 we may have to look at retirement/care again.
    I note the wife's uncle stayed in his own home, where he died at age 94.Social services provide a lot of help/care to keep people in their own home.
    But paying $1,000 to $1,300 to live in a very old home,that stinks of boiled cabbage, does not appeal to me,however if I should have a stroke or get further demented, that will be my lot.

  7. #22
    percy
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    Quote Originally Posted by Joshuatree View Post
    Over $1200 here for our Mother. Be wary when they want to shift your mum or dad to another level of care, they will try to up the room rate. Ask specifically before hand what the changes entail and take the name and date of the person you talk to.
    So the $140 per day OCA charge is reasonable.ie $980 per week.

  8. #23
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    My Mum, just turned 90, is still living in her own small home that Mum and Dad built to retire in. She counts the trucks going to Napier port for me.
    Yes...she gets a fair bit of help now....but on balance its working out.
    Its just fine until something goes wrong....a fall, sickness etc.
    So far so good.

  9. #24
    Member penn's Avatar
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    Wow I just saw SUM 350,733 buy at $7.86 those are big boys playing now, should jump a bit on close!

  10. #25
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    Quote Originally Posted by percy View Post
    Before we brought our new unit/house we looked at retirement villages in our area.
    Lack of privacy was what put us off most of them.
    We brought our new house, for what an old refurbished villa would have cost us.
    Perhaps in 10 years time when I am 80 we may have to look at retirement/care again.
    I note the wife's uncle stayed in his own home, where he died at age 94.Social services provide a lot of help/care to keep people in their own home.
    But paying $1,000 to $1,300 to live in a very old home,that stinks of boiled cabbage, does not appeal to me,however if I should have a stroke or get further demented, that will be my lot.
    Cabbage is nothing think urine and poo in the heat of summer, from unchanged nappies some the time because of the understaffing and a few neglecting to do it.
    Last edited by Joshuatree; 26-11-2019 at 10:46 PM. Reason: some, not all is more accurate.

  11. #26
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    Both MET and SUM up strongly on close, clearly someone knows something...

  12. #27
    Member penn's Avatar
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    Eww! Compact portable air conditioners are the answer there. But still not a life-style I would gladly choose.

  13. #28
    percy
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    Quote Originally Posted by Joshuatree View Post
    Cabbage is nothing think urine and poo in the heat of summer, from unchanged nappies all the time because of the understaffing and a few neglecting to do it.
    I would rather not..............lol.

  14. #29
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    Quote Originally Posted by allfromacell View Post
    Both MET and SUM up strongly on close, clearly someone knows something...
    On the few i checked there was a lot of big volumes on the close. My guess is some portfolio rearrangements rather than insightful buying. Even SKT TV was up 3c on the close.

  15. #30
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    You really should think before you open that mouth of yours and make blanket and offensively inaccurate statements like that

    As a rest home caregiver I resent your disrespectful (to both residents and staff) comment. If you were standing next to me I’d bitch-slap you!

    Come and visit our rest home and talk to our residents. Yes, we are all understaffed but we don’t neglect anyone and we definitely do not leave anyone sitting in soiled incontinence products “all the time” - or “any of the time.”

    Unbelievable

    Quote Originally Posted by Joshuatree View Post
    Cabbage is nothing think urine and poo in the heat of summer, from unchanged nappies all the time because of the understaffing and a few neglecting to do it.

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