In the Herald today -

The document out today said: "There was strong support for reaching some arrangement to share the capital gain between the resident and the operator."

No reason that facilities with a different model can't be set up. There are already some. People can choose the contract they prefer, and if there is enough demand for a different model then the market will eventually offer these. Provided the supplier can make a buck, or is a charitable organisation.

Residents who buy into the occupational rights model may be older but that doesn't mean they are stupid. And clearly they have assets. And there's the rub. How much of the support for capital gain is from family hoping to inherit.

http://www.nzherald.co.nz/business/r...5MH5JWOHYUSC5E