OCA - Oceania Group - retirement villages

[Cyclical]

A soft landing wasn't far off... hand me a tui m8. They've been saying that for the past 12 years. What would it take to convince you action needed to be taken? Another doubling of house prices, or is that just what you would prefer to see? I smell a vested interest.

The recent increases simply aren't sustainable and personally I think any investor buying in today's market is just crazy. It was only in recent years that we saw the Auckland market back off for a couple of years or so...don't you expect that to happen again any time soon, without such outrageous intervention? I'm not a landlord, but we all have a vested interest in the social and economic impacts of the government's policies, and I can't see this one having a positive impact on the most vulnerable people in our society, or the economy.

Slimmer yields is a lower return on equity which is exactly what I said.

Indeed, but you said it's the only way for prices to come down and that required a tax.

Let's just agree to disagree.

[Waltzing]

Mr B is down to 5%, we are down in NZ retirement sector to 1.6% and will increase travel in AUS, ASIA and EUROPE.

NZ commercial we will increase again as the 10 Year increases and the NZ DIV's increase . Thats is increase commercial in COMP PROPS that are above 4% or about to increase to above 4% in the next 12 months.

WBC we have one underwater position left but we are likely to move that into KIP actually....

OCA now a tiny holding.

SKC is a trade range of 3.40 to 4 dollars.

SKL, every dull stock has its day.]

Amsterdam, Donuts are in ... you wait the PM will be donuting soon..

Its actually a sport, try it you take your donuts and throw them or smash them on a house and wait for the owner (property owner of your overprice rental to wash off).

[Cyclical]

Anyway, back to OCA... What's driving the SP down at the moment? Is it any one factor, or a combination of things? Those things being nervousness around Earl's departure, this capital raise and associated dilution, uncertainty off the back of the government's policy announcements concerning residental property this week, or something else I've missed? Trying to decide if i should partake in the offer... OCA still makes up a disproportionately large part of my portfolio, so unless there are compelling reasons why I should grab some, then I might let it slide. Keen to hear people's thoughts. TIA

[nztx]

A soft landing wasn't far off... hand me a tui m8. They've been saying that for the past 12 years. What would it take to convince you action needed to be taken? Another doubling of house prices, or is that just what you would prefer to see? I smell a vested interest.

Slimmer yields is a lower return on equity which is exactly what I said. Interest rates have been falling for 40 years, people don't want to wait another 40 years for them to rise (I honestly don't think they will rise much in the foreseeable future as I think all the major productivity gains have already been made). Supply has been increasing for 10 years (meanwhile property prices went through the roof), people don't want to wait another 10 to buy a house.

Face it landlords were getting obscenely rich at the expense of renters who could not afford to buy their own house. Those that work for a living should have a decent opportunity to buy their own place.

Where are the decent opportunities to own Anyting - which Labour conveniently promised every sucker & their dog last term
and was supposed to happen overnight ? ..

Still trying to be extracted out of Phil Twyford's Briefcase lining by the latest muppet to warm the pew ?

BTW -- the current crew seem to have an uncanny knack of directing the exact opposite to appear out of most of their
unfortunate ill thought out Socialistic motions & interference in the market .. it wasn't a major issue when Cullen & Clark
were in ; and but for the continuing interference now, there shouldn't be a problem now aside for just very few waiting
state accommodation patrons which even a dog box made of heavy reinforced steel with no sides would probably
be too good for ..

Think it through -- Deposit Limitations - Hate on Spec Developers - Disallow Interest deductions,\
before it - Brightline - 2 or 3 now 5 years .. before that depreciation claims wiped ..

These all mean what ? Less Stock on Market, Less Landlords (Mum & Dad Investors with just one property on average )
buying to rent out , less house movements & sales , harder to buy , Longer queues ,
Nanny State by default being called on Govt's failing promises to "Home for All" to step up

Govt have created the bulk of current Housing problems all by themselves - no additional assistance needed
and are trying to point the finger for their own failures & escalating problems at their favourite hobby horse
which the way things are going will become extinct shortly.. then who will they try to blame ?

Will Govt who conveniently lead all the sheep up the narrow path to large borrowings at cheap rates be around
or carry the blame when interest rates rise (which they are), mortgagee sales occur - after their own policies have had
deliberate effect of suppressing the market & compressing pricing upwards ?

There was a chance before of some housing / accomodation .. Govt clearly dont want that unless controlled
by the latest small muppet in the pew - it will turn into a shambles, as has the Motel for homeless already
in record time all paid for everyone's heard earned taxes syphoned off ..

We all know where core blame lies for the current Housing / Pricing / Market situation lies and that's clearly
at the steps of Parliament ..

[Lion_graf]

You were very bullish on OCA this past year Beagle. I know you picked up a lot between .42 and .90. Have you been selling?

What is the upside you see from here and are not participating in the spp?

Also I've been away. What is the acquisition for. Building on already owned land or buying more land to develop? Have we been given any insight to this raise? Sorry if it's been covered.

[winner69]

Taken to PM instead.

I can imagine what the PM said ........

[davflaws]

there shouldn't be a problem now aside for just very few waiting
state accommodation patrons which even a dog box made of heavy reinforced steel with no sides would probably
be too good for ..

YUK! You should be ashamed of yourself.

[Habits]

Has anyone else noticed that the nz herald story of the 12 house landlord Peter Lewis, with a "strategy" to avoid the interest deductibility rules is staying at the top of the herald app. For a few days now, other big current stories just leap frog it down the list. I call it a non-story as he simply plans to downsize and clear his mortgage I wouldnt call that amazing. There must be a lot of interest to keep it up there.

[Entrep]

Has anyone else noticed that the nz herald story of the 12 house landlord Peter Lewis, with a "strategy" to avoid the interest deductibility rules is staying at the top of the herald app. For a few days now, other big current stories just leap frog it down the list. I call it a non-story as he simply plans to downsize and clear his mortgage I wouldnt call that amazing. There must be a lot of interest to keep it up there.

The Herald knows they can post anything related to expensive housing or villainous landlords and they will get a ton of clicks. It's click/anger/emotion bait. The Herald stopped being a newspaper and turned to a tabloid a long time ago.

[dobby41]

Has anyone else noticed that the nz herald story of the 12 house landlord Peter Lewis, with a "strategy" to avoid the interest deductibility rules is staying at the top of the herald app. For a few days now, other big current stories just leap frog it down the list. I call it a non-story as he simply plans to downsize and clear his mortgage I wouldnt call that amazing. There must be a lot of interest to keep it up there.

It is a non story.
He is doing what he should have done ages ago and paid down the debt (he isn't young) and get on with living life.
Seems to make a big thing of the 1 house he is going to sell and the tenant who will be on the street.
No mention that a family may buy that house and the ex tenant can have their rental they moved out of.
Many landlords think they are Gods gift to society for housing people in houses they purchased at ever inflated prices from each other without actually increasing the housing stock.