Anyone investing in aged care companies? I might not be able to retire but I want to profit from those who can.
Depends where you are.Here in NZ they've over capitalised on expansion and can't fill vacancies.>t. I built themThey've suckled the Boomer pigs dry and the coming generations aren't as wealthy or so easily parted.Give it a few years and it'll be ripe to short them.Nobody wants to pay $900,000 for a townhouse they're contractually obliged to sell back to the retirement village during a housing downturn, and if prices fall much further the institutions will be underwater with construction and upgrade costs.It'll be excruciatingly slow but I expect all high end retirement companies to die like the people who live there.
>>61962580What country?The real grift isn't aged care anymore it's disability care. At least that's true in my country where the government introduced an insurance scheme about a decade ago that hands out money to anyone with any disability from mild autism to paranoid schizophrenic double amputees. They then can chose which private care providers to spend that money on.Shit is an absolute gold mine. You can run care homes/facilities or you can provide assisted living care where you go to the clients home, take them to do their shopping etc. The craziest part is that your employees don't even need to have any qualifications.
>>61962580they're not sustainable. you're better off investing in assisted suicide companies.
>>61962580Do you think they fucked? Look at how she looks at him...