Hi Noomxx, I just bought in yesterday. Here is why I bought 1) land lease and Nta respectable- Ie Nta is higher than current valuation. Land value and scarcity and good locations. 2. I see as inflation hedge with ability to capture costing increases to serve - captive market. 3. Population is ageing, cannot be disputed with over 55 cohort. 4. the biz model could be adaptable to larger market and the moat is sufficient….
anyway I could be wrong. Will it drop further - yes most likely, but happy to be invested for the long term….
for intermediate term, I think it is a stable bet (generally speaking) when you weigh up the market uncertainties generally.
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