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30-01-2019, 09:58 PM
#2921
Good business angle when we're entering era of static or dropping prices
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30-01-2019, 11:04 PM
#2922
Originally Posted by bull....
is this the end of oca , sum rym arv and met profit grab , probably half there stock prices if it gain traction i reckon
Yeah right, just a small fish trying to swim in a large tank, continuum of care is almost non existent to boot.
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30-01-2019, 11:12 PM
#2923
Yeap...I suspect some people who have a short attention span and didn't even make it through the whole article to read the last bit
"But 90 per cent of older people choosing a retirement village - about 40,000 people - did so for the bundle of services provided, especially access to health care which provided peace of mind. For a certain section of older people the capital gain would be a drawcard".
They will be a small niche player and I predict they will charge like wounded bulls for very limited services and activities because if they're not getting their profit through capital gains they're getting it though milking oldies for all they're worth with weekly management fees.
Last edited by Beagle; 30-01-2019 at 11:15 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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30-01-2019, 11:25 PM
#2924
Not to mention that capital gain is of no use to the purchaser when they are pushing up daisies, might as well enjoy the full package with their hard earned dosh rather than leaving it to some entitled cupcake.
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31-01-2019, 06:16 AM
#2925
Originally Posted by couta1
Not to mention that capital gain is of no use to the purchaser when they are pushing up daisies, might as well enjoy the full package with their hard earned dosh rather than leaving it to some entitled cupcake.
enjoy the full package before they enter the vege state brought on by being surrounded by other veges.
one step ahead of the herd
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31-01-2019, 07:30 AM
#2926
Originally Posted by bull....
enjoy the full package before they enter the vege state brought on by being surrounded by other veges.
The humor in this post has gone right over my head
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31-01-2019, 08:07 AM
#2927
the real value of OCA
Originally Posted by couta1
Not to mention that capital gain is of no use to the purchaser when they are pushing up daisies, might as well enjoy the full package with their hard earned dosh rather than leaving it to some entitled cupcake.
Hello readers.
I will outline my situation again and the classy family experience indirectly led to a significant investment into OCA.
A much loved family member was in real/desperate need of aged hospital care eg. toileting, bathing, bedding, cooking, medical supervision etc . This situation comes on when one is 80 or 90 etc very quickly indeed. So the Rymans type very nice apartment we owned was suddenly useless for our loved Mother.
Yes there are public geriatric wards available and they welcome visitors to look around and visit!
We were not penniless, and while Mother was very infirm her intellect and personality remained unaffected as did a normal human desire for a little privacy and a little home of her/your own.
We couldn't sign up for a OCA care Unit offering exactly the above PLUS full hospital care quickly enough (again I point out how sudden and desperate and non reversible these aged health demands occur)
There was a cost---reasonable in our opinion----- BUT it was Single best thing we EVER did.
Last edited by warren; 31-01-2019 at 08:11 AM.
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31-01-2019, 09:31 AM
#2928
dont forget a capital gains tax will make returns for retirement village operators even less if implemented
https://www.stuff.co.nz/business/110...ean-in-reality
one step ahead of the herd
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31-01-2019, 09:38 AM
#2929
Originally Posted by bull....
Repeating this nonsense again and again doesn't make it true. As long as retirement villages don't sell their assets, no captital gains tax would be payable. So - how ecactly would an CGT reduce the returns of retirement villages?
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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31-01-2019, 09:43 AM
#2930
Originally Posted by BlackPeter
Repeating this nonsense again and again doesn't make it true. As long as retirement villages don't sell their assets, no captital gains tax would be payable. So - how ecactly would an CGT reduce the returns of retirement villages?
they sell individual units therefore based on assumptions in the tax paper ... would mean valuation method each yr or once the person dies the unit is then sold to another person so a gain or loss may be made on sale for benefit of village operator.
one step ahead of the herd
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