Retirement village operators

[Ggcc]

Wont even hit 4% again.

No wage growth in any country above inflation pre-pandemic.

For small business owners in the hospitality industry things are not heading forward for them. Lots I know are working for less than minimum wage currently.

[Ggcc]

Wont even hit 4% again.

No wage growth in any country above inflation pre-pandemic.

For small business owners in the hospitality industry things are not heading forward for them. Lots I know are working for less than minimum wage currently.

[Greekwatchdog]

Retirement Village Pricing https://www.stuff.co.nz/business/125...cent-this-year

[Greekwatchdog]

Retirement Village Pricing https://www.stuff.co.nz/business/125...cent-this-year

[Greekwatchdog]

Village Pricing may rise.. https://www.stuff.co.nz/business/125...cent-this-year

[artemis]

Village Pricing may rise.. https://www.stuff.co.nz/business/125...cent-this-year

Includes the below about complaints. Fair comment I guess but the last two (at least) are from heirs.

'The most complaints about retirement villages that Grey Power heard were related to the cost of weekly fees, the time it took for the operator to payout families when a resident had died and the size of the deferred management fee that was taken by the operator when a resident died, Reid said'

[RTM]

'Elder abuse' inside retirement villages: Residents air grievances, back law overhaul
https://www.nzherald.co.nz/business/...ectid=12449486

About what one would expect.

[Bjauck]

Inflation been trending down for centuries so what’s changed.

LOL.
I think even consumer price inflation hasn't. Post WW2 we had about the same rate or lower. To go back centuries, we would need to go refer to The Mother Country. Accuracy of statistics and what is included in the basket of items would vary - and even varies in modern times of course. And the CPI is limited when even in recent times the price of residential RE - housing and residential land has rocketed. As "an asset" I think this has a limited impact on CPI.

1751-1760 The UK inflation rate average 1.2% pa
https://inflation.iamkate.com

[bottomfeeder]

[QUOTE=Bjauck;896441]LOL.
I think even consumer price inflation hasn't. Post WW2 we had about the same rate or lower. To go back centuries, we would need to go refer to The Mother Country. Accuracy of statistics and what is included in the basket of items would vary - and even varies in modern times of course. And the CPI is limited when even in recent times the price of residential RE - housing and residential land has rocketed. As "an asset" I think this has a limited impact on CPI.

1751-1760 The UK inflation rate average 1.2% pa
https://inflation.iamkate.com[/QUOTE

They need to review how the CPI is calculated. Get rid of vegetables, they just rarely go up from year to year except for seasonal shortages(poor market gardeners, never get a break). Bring plumbers charges, electricians charges, accountants fees, legal fees, roof installers, mechanics, house prices, rates, insurance etc. We will find real inflation is north of 10%, if not more. Interest rates should be north of 10% as well.

[winner69]

Suppose it’s how you measure but inflation been trending down for centuries