Retirement Villages

[Roscoe]

There must be a lot of money in building retirement villages. They're going up all over the place and they are being advertised on the radio all the time.

Ryman are building a very large complex in Campbell Rd, One Tree Hill, Auckland, just down the hill on the site of the demolished hotel. They look to be apartments. There certainly will be many retirees living there. It's just another village to add to the 31 villages they already own. Someone's becoming rich from all these old people.

[KarameaDave]

Someone's becoming rich from all these old people.

Yes, it could be you if you buy shares in one of the big operators.

[WalOne]

Yeah ... purpose built for one foot in the grave. Next stop ...

Someone's becoming rich from all these old people

Money to be made at both ends of the spectrum ... kiddy care and retirement

[pctek]

Rich peoples waiting rooms.....

[plod]

I was once told by someone in the business that it’s not about age care but realestate

[Bryan]

Such a rip off if you decide to obtain one of their self contained houses. You are expected to buy the house at their price and sign up in such a way that if you sell for any reason you can only sell to the complex owner at what they decide is the current market value. Additionally, at your cost, the house must be internally redecorated whether it needs it or not. A very costly business to the oldie or the estate to pay for.

[Lawrence]

People Farming with the average Tenancy being 7 years

Probably cheaper to go Cruising year round if you can get past the insurance requirements

[Driftwood]

Everyone has to finish up somewhere.

[KarameaDave]

Everyone has to finish up somewhere.

Yes, pity the poor old sods who can't afford such luxuries.

[the_bogan]

Yeah ... purpose built for one foot in the grave. Next stop ...



Money to be made at both ends of the spectrum ... kiddy care and retirement

In Otaki, going down Mill Road, you turn left for the playcentre, right for the cemetery, or straight if you want to go to the pub