OCA - Oceania Group - retirement villages

[Poolboy]

I assume you have actual facts to back that statement up?

Yep, get out of ever so safe and white Cantubury Mr Wokey and drive down Queen Street Auckland or Look around Wellington.

[Bjauck]

I am intrigued. For a couple who purchase an ORA in a village, with one of them later requiring rest home care, would the value of the ORA be included in the care subsidy asset means test and thus be liable to be sold if it is worth more than $239,930. After all, the couple would not “own” their home, yet the loan to The Village is an asset.

[Baa_Baa]

I am intrigued. For a couple who purchase an ORA in a village, with one of them later requiring rest home care, would the value of the ORA be included in the care subsidy asset means test and thus be liable to be sold if it is worth more than $239,930. After all, the couple would not “own” their home, yet the loan to The Village is an asset.

https://www.workandincome.govt.nz/pr...e-subsidy.html .. go to Step 2 of the application process.

[justakiwi]

Firstly, I'm not "Mr" anything.
Secondly, I'm not ashamed to be what you consider "woke" so thanks for the compliment!

Thirdly, I said "actual facts" - coming to a conclusion about people just by seeing them walk down the street, isn't facts buddy. Not even close.

Now lets get back to OCA shall we?

Yep, get out of ever so safe and white Cantubury Mr Wokey and drive down Queen Street Auckland or Look around Wellington.

[Bjauck]

https://www.workandincome.govt.nz/pr...e-subsidy.html .. go to Step 2 of the application process.

It does not answer my question. The value of the payment made to the RV company for the ORA less management fee fallen due is a loan and therefore an asset of the couple. Loans are part of the asset test. However is the value of the loan allowed to be classed as “a family home” for exemption purposes even though the RV actually owns the home?

Would couples be able to claim a prepaid lease on a leased/ rented home as an exempt “family home”? Would they be able to claim the assets put aside to pay for a rental house from their after-tax income as the “family home” exemption?

[BlackPeter]

The trouble is most migrants who come here are poor people who want the social welfare NZ provides.

Yep, get out of ever so safe and white Cantubury Mr Wokey and drive down Queen Street Auckland or Look around Wellington.

This is quite disgusting trash you are spreading.

Our point based immigration system always made sure that immigrants are employable and that they have relevant job experience, most of them actually do need a job offer to get a visa and on top that they do have to prove that they are financially independent. Remember as well - the first two years in NZ they are not even elegible for unemployment benefits and similar.

International studies show as well that immigrants in the first generation always have a lower unemployment rate as well as a lower crime rate than the comparable resident population.

[Baa_Baa]

It does not answer my question. The value of the payment made to the RV company for the ORA less management fee fallen due is a loan and therefore an asset of the couple. Loans are part of the asset test. However is the value of the loan allowed to be classed as “a family home” for exemption purposes even though the RV actually owns the home?

Would couples be able to claim a prepaid lease on a leased/ rented home as an exempt “family home”? Would they be able to claim the assets put aside to pay for a rental house from their after-tax income as the “family home” exemption?

I suppose as a last resort you could call MSD, and ask them?

[Curly]

After 5 & 1/2 years OCA up .07c on current SP. Who would of thought that when applying for the IPO? Will the crazy bear market turn into a grizzly bear or does November offer some hope for improvement.

[Gunner]

This is quite disgusting trash you are spreading.

Our point based immigration system always made sure that immigrants are employable and that they have relevant job experience, most of them actually do need a job offer to get a visa and on top that they do have to prove that they are financially independent. Remember as well - the first two years in NZ they are not even elegible for unemployment benefits and similar.

International studies show as well that immigrants in the first generation always have a lower unemployment rate as well as a lower crime rate than the comparable resident population.

Agreed, it's a lazy attack to negatively stereotype immigrants.

Often the migrants are in the good half of the best and brightest of where they come from. They want more for themselves and are often educated and skilled. Nz is not an easy place to emigrate to.

[SailorRob]

After 5 & 1/2 years OCA up .07c on current SP. Who would of thought that when applying for the IPO? Will the crazy bear market turn into a grizzly bear or does November offer some hope for improvement.

Actually traded at 83c intraday on the first day.

The current share price is a massive improvement if you are an investor.

If the board of directors contacted you and asked you if you would like to be given the entire company for free you would be ecstatic. Well it's a similar thing isn't it, if you would like to have it for free then by definition 86c is better than $1.60. It's closer to free now than it was recently.

If you are the seller though it really really sucks.