Retirement village operators

[bull....]

now that the housing market so political it will probably put a dampener on these stocks as they all try to cap property gains. retirement stocks might not get such big revaluation gains in the future. probably why they are all weak today

Grant Robertson writes to Reserve Bank, saying it's time to think about house prices

https://www.stuff.co.nz/national/pol...t-house-prices

[Bjauck]

now that the housing market so political it will probably put a dampener on these stocks as they all try to cap property gains. retirement stocks might not get such big revaluation gains in the future. probably why they are all weak today

Grant Robertson writes to Reserve Bank, saying it's time to think about house prices

https://www.stuff.co.nz/national/pol...t-house-prices

The housing market has always been and always will be political. So much of NZ's investment and debt is involved in housing real estate. The basic human need for shelter and protection is involved. Is a NZer's home their castle, their retirement plan or another person's investment?

[winner69]

now that the housing market so political it will probably put a dampener on these stocks as they all try to cap property gains. retirement stocks might not get such big revaluation gains in the future. probably why they are all weak today

Grant Robertson writes to Reserve Bank, saying it's time to think about house prices

https://www.stuff.co.nz/national/pol...t-house-prices

Just talk bull. ...see we are doing something and all that

From @MHRedell
The “avoiding unnecessary instability” clause has made little/no difference to anything in the 21yrs it has been in place. Given low inflation and rising unemployment there is a compelling argument that any lift in house prices has been “necessary”(given all other distortions).

[Greekwatchdog]

Same ****e different political term. They have nothing. Supply/Demand with low interest rates.

[Beagle]

Same ****e different political term. They have nothing. Supply/Demand with low interest rates.

Agreed. Hundreds of thousands of ex pats want to come home. Where are they going to live ?
Mrs Beagle and I think it would be very nice to have a 3 bedroom holiday home in Taupo. We're fussy dogs and would like a nice Lockwood home or similar, north facing with views of the lake in Rainbow Point or 2 mile bay. We're inclined to retire there in the not too distant future.
Were not short of a quid but sadly there is nothing available at any price showing on Trade Me.

[Greekwatchdog]

And there lies the problem Beagle. If you have a buck and you want it bad enough people are prepared to pay for it.
Root Cause is too big for any government to fix now. Just need a property train wreck but is that good for the wealth of NZ's who for years invested in housing

[winner69]

Orr has essentially thrown it back to the government to fix ...governments caused the problem, they fix it

[Gunner]

Orr has essentially thrown it back to the government to fix ...governments caused the problem, they fix it

Ultimately it comes down to supply. Yes demand has been given a sugar hit from the lvr removal and low interest rates but if the supply was there it would take care of the demand in that investors wouldn't buy empty houses.

Government should encourage new houses by offering a $50k loan for new houses for new first home mortgages. To be paid back in full if sold within 5 years or written off if over 5 years. Removes speculators, creates huge demand and creates jobs. Nz needs to build, build, build. Enough is enough of this rampant house inflation. Not good for the long term economy of the country.

[Beagle]

Whole sector took a bit of a knock today. Coming off the boil or just taking a wee rest is the $64,000 question ?
I reckon its just taking a wee rest before the next leg up but time will tell.

[Baa_Baa]

Whole sector took a bit of a knock today. Coming off the boil or just taking a wee rest is the $64,000 question ?
I reckon its just taking a wee rest before the next leg up but time will tell.

Wait for the revaluations to come through completely, OCA got knocked around on some dumb worries about covid which didn’t happen, boom, time for catch up. Buy the dip, or the sideways, stay ahead of the market. So under priced it’s almost rude to call it a gift.