OCA - Oceania Group - retirement villages

[dobby41]

He thanked me and commented that our Jacinda seems more hated than their Boris

Only by this group.

[850man]

Only by this group.

Wouldn't be so sure

[bull....]

OCA has doubled since May last year off the back of rampant house price increases. This weeks tax bomb is a real game changer for investors, you either get that or you don't.

correct beagle people should read this news report on what happened in the UK from similar decisions

In the UK property prices went up less than inflation after the introduction of similar policies
rents never spiked higher
there were the same bunch of people whining in the UK as in NZ that the opposite was to happen

https://www.newshub.co.nz/home/polit...fferently.html

[Bjauck]

Indeed, pointed my mate at London School of Ecomics to this thread (and a couple of others. He’s always after raw material for his Behavioral Ecomics students to study.

He thanked me and commented that our Jacinda seems more hated than their Boris

She may have some way to go before she builds up the same back catalog of lies and bigotry as right-wing "F*ck Business" Boris Johnson, who thinks African Commonwealth countries provide the Queen with "flag waving piccaninnies*". However her recent campaign promise breaking and broad brush deceptive demonising of an investor group, which government after government have encouraged with their policy settings, will help her with her "smiling assassin" left-wing version of BoJo MoJo.

* https://edition.cnn.com/2019/07/23/a...ntl/index.html

[Balance]

She may have some way to go before she builds up the same back catalog of lies and bigotry as right-wing "F*ck Business" Boris Johnson, who thinks African Commonwealth countries provide the Queen with "flag waving piccaninnies*". However her recent campaign promise breaking and broad brush deceptive demonising of an investor group, which government after government have encouraged with their policy settings, will help her with her "smiling assassin" left-wing version of BoJo MoJo.

* https://edition.cnn.com/2019/07/23/a...ntl/index.html

https://www.stuff.co.nz/life-style/w...clarke-gayford

Nothing like a wedding to bring back some love, kindness and sentimentality driven emotions to boost Cindy’s sagging popularity?

Don’t think it will do much good with the property owning investors’ fraternity but she does not really care about them anyway. ‘Class warfare’ with her leading the charge against the oppressive moneyed NZers - that’s her cry for next election.

Not good for the retirement village sector but hi, National with a new leader could be back next election?

And National has pledged to reverse said tax changes.

Take the long term view - she’ll be right.

[850man]

https://www.stuff.co.nz/life-style/w...clarke-gayford

Nothing like a wedding to bring back some love, kindness and sentimentality driven emotions to boost Cindy’s sagging popularity?

Don’t think it will do much good with the property owning investors’ fraternity but she does not really care about them anyway. ‘Class warfare’ with her leading the charge against the oppressive moneyed NZers - that’s her cry for next election.

Not good for the retirement village sector but hi, National with a new leader could be back next election?

And National has pledged to reverse said tax changes.

Take the long term view - she’ll be right.

All part of the plan from the Jacinda PR machine. Smokescreen the lies, unfullfilled promises and ill considered decisions with a whole lot of social media likes, glossy magazine swooning, foreign leader inviting wedding hype. Second child just before next election and the reds will be in for another term.

[dobby41]

All part of the plan from the Jacinda PR machine. Smokescreen the lies, unfullfilled promises and ill considered decisions with a whole lot of social media likes, glossy magazine swooning, foreign leader inviting wedding hype. Second child just before next election and the reds will be in for another term.

Wrong thread - nothing to do with OCA or housing (which has hijacked the thread).

[Balance]

Wrong thread - nothing to do with OCA or housing (which has hijacked the thread).

Absolutely everything to do with OCA & the property sector :

https://www.nzherald.co.nz/business/...UOA6VAKYNPO5I/

paywalled

You cannot separate this government's incompetent housing policies & its impact on property values.

[mike2020]

I am partially inclined to agree, its mostly about OCA and some politics. The rise of house prices did seem to stoke some interest in OCA, who it seemed were slow to capitalize on it. Govt policy changes have not played out yet and from what I have seen locally prices wont drop. An agent said to me yesterday still on the rise but they were not investment properties, so, which property are you selling to buy a unit? And if that's the case and OCA is only 30% up from 2 years ago, when it was often quoted as being under selling pressure, where are we now?

This thread reads like an exit poll ;-)

[Zaphod]

It would not surprise me if a new regulatory regime was announced for retirement village charges, and sharing of the capital gain. That would fit well with the current stream of populist policies emanating from the government.