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19-03-2020, 08:12 AM
#191
Oh dear, with stories like this in the herald it's to see any hope soon.... https://www.nzherald.co.nz/world/new...ectid=12317950
"Along with cruise ships, nursing homes have emerged as a focus of heightened concern in the global pandemic. At least 30 of Washington state's more than 50 deaths have been linked to one nursing home. Most of the dead were residents."
Let's hope it never happens here.
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19-03-2020, 08:16 AM
#192
Originally Posted by youngatheart
Oh dear, with stories like this in the herald it's to see any hope soon.... https://www.nzherald.co.nz/world/new...ectid=12317950
"Along with cruise ships, nursing homes have emerged as a focus of heightened concern in the global pandemic. At least 30 of Washington state's more than 50 deaths have been linked to one nursing home. Most of the dead were residents."
Let's hope it never happens here.
yep one of the highest risk investments at the moment. any ryman , summerset, arvida , ocenia caught in a lockdown senario could easliy be toast as far as business goes
one step ahead of the herd
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19-03-2020, 08:36 AM
#193
Originally Posted by youngatheart
Oh dear, with stories like this in the herald it's to see any hope soon.... https://www.nzherald.co.nz/world/new...ectid=12317950
"Along with cruise ships, nursing homes have emerged as a focus of heightened concern in the global pandemic. At least 30 of Washington state's more than 50 deaths have been linked to one nursing home. Most of the dead were residents."
Let's hope it never happens here.
I think there is a significant difference between US Nursing Homes and our Retirement Villages.
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19-03-2020, 08:39 AM
#194
Originally Posted by bull....
yep one of the highest risk investments at the moment. any ryman , summerset, arvida , ocenia caught in a lockdown senario could easliy be toast as far as business goes
no way will it happen here unlee resthome operators are very ignorant and you live in a country that called covid -19 a hoax and failed to isolate.
you have to let the virus in.
Then neglect its spread
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19-03-2020, 08:44 AM
#195
Originally Posted by fish
no way will it happen here unlee resthome operators are very ignorant and you live in a country that called covid -19 a hoax and failed to isolate.
you have to let the virus in.
Then neglect its spread
but how do you stop a perfectly healthy looking person going in who is a carrier. it is proven these people are carriers
one step ahead of the herd
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19-03-2020, 08:50 AM
#196
another risk for these operators on top of the virus
Property prices will fall for the next six months, with house price inflation slowing to 0% by next March, according to ASB economists
House prices fell by about 10% through the GFC in 2008
https://www.goodreturns.co.nz/articl...onths-asb.html
there goes there development margins
one step ahead of the herd
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19-03-2020, 08:57 AM
#197
Originally Posted by bull....
another risk for these operators on top of the virus
Property prices will fall for the next six months, with house price inflation slowing to 0% by next March, according to ASB economistsHouse prices fell by about 10% through the GFC in 2008
https://www.goodreturns.co.nz/articl...onths-asb.html
there goes there development margins
Their development margins are high and may well be reduced but I suspect profits will be made.
This is different to the GFC.Kiwis returning home may put pressure on house prices.
We will keep on getting old and demand for retirement villages/ resthome places may increase.
A retirement village may be the safest place to be atm
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19-03-2020, 08:58 AM
#198
Originally Posted by bull....
another risk for these operators on top of the virus
Property prices will fall for the next six months, with house price inflation slowing to 0% by next March, according to ASB economists
House prices fell by about 10% through the GFC in 2008
https://www.goodreturns.co.nz/articl...onths-asb.html
there goes there development margins
And yet with OCA, within 1 month, it is now at a over 40% discount to NTA... are house prices going to drop by 40%?
OCA Development margins are well higher than 10% as well...
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19-03-2020, 09:00 AM
#199
Originally Posted by bull....
Coronavirus: 43,000 NZ retirement village residents 'at high risk at infection' - analystsRetirement chiefs are meeting tomorrow to discuss a co-ordinated approach to the threat
https://www.nzherald.co.nz/business/...ectid=12316900
businesses will be toast if virus gets bad , probably why they meeting
A great idea to have a meeting and formulate a plan
Hopefully Isolation and screen all staff
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19-03-2020, 09:05 AM
#200
Originally Posted by trader_jackson
And yet with OCA, within 1 month, it is now at a over 40% discount to NTA... are house prices going to drop by 40%?
OCA Development margins are well higher than 10% as well...
think your find at next results nta has dropped
one step ahead of the herd
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