What do folk think of the move by some retirement village residents to share in capital gains of their unit upon sale, and Consumer NZ saying some licence to occupy terms are unfair. The first could end up the law. A different model would be needed though cannot see any government forcing that retrospectively. An option would be a different model alongside the licence to occupy and people could choose which option they prefer.
Of course that would require suppliers. Who might not be inclined to take a haircut so would bump up ongoing costs to bridge any gap.
Rises in values will be the trigger for the unhappy residents (and their heirs). But we have had long flat periods in the past .... If values slow and residents are paying more ongoing they could be worse off.
End of the day, atm residents have to get independent advice, make their own decisions and freely enter into a contract. And then think it's Ok to change their mind.
What do folk think of the move by some retirement village residents to share in capital gains of their unit upon sale, and Consumer NZ saying some licence to occupy terms are unfair. The first could end up the law. A different model would be needed though cannot see any government forcing that retrospectively. An option would be a different model alongside the licence to occupy and people could choose which option they prefer.
Of course that would require suppliers. Who might not be inclined to take a haircut so would bump up ongoing costs to bridge any gap.
Rises in values will be the trigger for the unhappy residents (and their heirs). But we have had long flat periods in the past .... If values slow and residents are paying more ongoing they could be worse off.
End of the day, atm residents have to get independent advice, make their own decisions and freely enter into a contract. And then think it's Ok to change their mind.
Record Q1 sales result for both new sales and resales.
and future looking good
Our waitlist is up 24 percent on a year ago, and 8 percent on the previous quarter, so we’re seeing that demand to live in our villages remaining very strong,”
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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