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  1. #391
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    Quote Originally Posted by Roger View Post
    Yeap that's a given mate. Just pointing out there are other ways to skin the retirement cat. Some people are reaching retirement age with very little in the way of invested funds, (hopefully nobody on here).
    If they sold their average Auckland home for say $900K and bought a retirement unit in this village for say $75K that would give them some nice options for enjoying their retirement years wouldn't it !
    Dirt cheap in Auck is different to dirt cheap in Wairarapa. If you have always lived in Auckland, would you want to move to the Wairarapa, where you may have no family? Economic refugees tend to be younger people.

  2. #392
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    Quote Originally Posted by Roger View Post
    Interesting article behind the pay wall at NBR. There are 80 units and 40 care beds. $6m is much less than the implied $75,000 per unit as the sale price includes the care bed facility and all common area's and common area facilities. Incoming CEO didn't know the book value of the village when approached by NBR...my goodness, confidence inspiring stuff isn't it !
    You want a dirt cheap place to retire too ?..now we know where !
    $75k each because there is the obligation to repay the occupant when they 'leave'.

  3. #393
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    Quote Originally Posted by Roger View Post
    Yeap that's a given mate. Just pointing out there are other ways to skin the retirement cat. Some people are reaching retirement age with very little in the way of invested funds, (hopefully nobody on here).
    If they sold their average Auckland home for say $900K and bought a retirement unit in this village for say $75K that would give them some nice options for enjoying their retirement years wouldn't it !
    Here's hoping that the government may introduce policies to help equalize the relative appeal of real estate investment and reduce the Auckland predicament, no doubt facing many, of pouring everything into a very expensive house leaving little for financial investments.

  4. #394
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    Here's hoping the govt wait until there's a decent pension scheme / retirement investment available before reducing the appeal of property lol

  5. #395
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    Quote Originally Posted by Lewylewylewy View Post
    Here's hoping the govt wait until there's a decent pension scheme / retirement investment available before reducing the appeal of property lol
    Precisely - the appeal of real estate investment has been overwhelming.

  6. #396
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    Share price to surge says First NZ Capital

    http://www.sharechat.co.nz/article/1...z-capital.html
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #397
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    Glen Sowry really impressed at Housing N.Z. didn't he. The whole organisation is a fiasco.

  8. #398
    Speedy Az winner69's Avatar
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    No doubt a surging MET share price will also be good for Summerset

    Just as much upside ....and less execution risk me thinks
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #399
    Speedy Az winner69's Avatar
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    In that article appears as FNZC prefer use NTA multiples to value these companies

    Yes NTA and/or price book multiples the only realistic way to assess value, esp for those who make next to nothing out of non-building activities
    Last edited by winner69; 05-05-2016 at 05:53 PM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #400
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    Too much positive stuff for me...this companies SP...trajectory to steep for me...I'm out...good luck...cheers troy

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