SUM - Summerset Group

[jimmybuffett]

Just saw these stats on TVNZ...in 2018 NZ will have 747,900 people over 65, but by 2038 that number becomes 1,303,400. Play the long game.

[tuaman]

Wow. is this the end of the reitrement villages business at least 3years?
What happen if the business refuse the govt proposal? or is that possible at all?
As an immigrant, I am not used to socialist govt, so just asking.
https://www.stuff.co.nz/national/politics/102872272/affordable-housing-push-may-extend-to-retirement-village-developments

[Leftfield]

Wow. is this the end of the reitrement villages business at least 3years?
What happen if the business refuse the govt proposal? or is that possible at all?
As an immigrant, I am not used to socialist govt, so just asking.
https://www.stuff.co.nz/national/politics/102872272/affordable-housing-push-may-extend-to-retirement-village-developments

Very unlikely to be adopted in this simplistic form IMHO. MP's often float ideas to test support. I would be confident that if retirement companies are 'required' to provide 'social housing' then there would need to be some compensation and incentives provided.

[horus1]

They have to be careful. The tax rates are very low and they are a sitter to be caught in any changes to the tax system and that will be political.

[Beagle]

Apartments at many of SUM's villages start at around $400K.

[Food4Thought]

The up and coming bulge of people 65+ is a situation that governments (here and in other countries) have not had in the past. They can't forecast what will happen, there are many unknowns. What is known is that there will be a real big stress on the accommodation for the wiser population into retirement, aged care etc, and that won't only happen in New Zealand. There are ways the government could implicate the operations for SUM and others, yet I believe they will work together with operators to sort out any short comings. Its exciting to be a part of this as a shareholder after having missed a few boats in the past. Demand versus supply. As shareholders we also have the opportunity to help shape the companies and make decisions that could perhaps mean a more steady return, versus fluctuating expectations. Slow, steady, long term has worked for so many business operators in the past. Exciting to see this unravel.

[winner69]

Beagle hasn’t posted for over 24 hours

Hope the big Auckland storm hasn’t effected him and his family too much ...and that his absence is only due to him not having any power and nothing worse than that

[JeremyALD]

Beagle hasn’t posted for over 24 hours

Hope the big Auckland storm hasn’t effected him and his family too much ...and that his absence is only due to him not having any power and nothing worse than that

Yes I was waiting for his comments on the pushpay result!

[LAC]

Been very quite on ST without Beagle.....

[couta1]

Been very quite on ST without Beagle.....

Beagle is stuck in his kennel without power.