What's new
The Front Row Forums

Register a free account today to become a member of the world's largest Rugby League discussion forum! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Non Footy Chat Thread II

hindy111

Post Whore
Messages
63,770
What is happening in the building industry right now is quite crazy. I know friends who had prices on building a new home and have been told its an extra $180k compared to 12mths ago.

You then have people who have purchased land and had builds started or about to and builders have stopped cause materials went up 40% and they'd lose money to finish or start.

I know of a friend who is caught in this mess. They are paying a mortgage on basicaly a bit of land and now can't afford the cost of house as builder pulled pin and prices went up. Can't get enough from bank.

It's just a real mess what is happening. And trades unions are now going hard for large pay rises. Most are asking for 15% over 3yrs.
 

Gronk

Moderator
Staff member
Messages
78,321
What is happening in the building industry right now is quite crazy. I know friends who had prices on building a new home and have been told its an extra $180k compared to 12mths ago.

You then have people who have purchased land and had builds started or about to and builders have stopped cause materials went up 40% and they'd lose money to finish or start.

I know of a friend who is caught in this mess. They are paying a mortgage on basicaly a bit of land and now can't afford the cost of house as builder pulled pin and prices went up. Can't get enough from bank.

It's just a real mess what is happening. And trades unions are now going hard for large pay rises. Most are asking for 15% over 3yrs.
Builders "going under" are not builders who have found themselves in trouble with the bank. They are largely being opportunistic because they have forward contracts that won't be profitable. I sympathise with both them and the punter who thought that they'd be moving into their off-the-shelf home by Xmas, only to now have to re-negotiate. The Punters of course have little choice. If the builder goes into voluntary admin, they will need to negotiate with a new builder at 2023 $$$ anyway. Sad.
 

hindy111

Post Whore
Messages
63,770
Builders "going under" are not builders who have found themselves in trouble with the bank. They are largely being opportunistic because they have forward contracts that won't be profitable. I sympathise with both them and the punter who thought that they'd be moving into their off-the-shelf home by Xmas, only to now have to re-negotiate. The Punters of course have little choice. If the builder goes into voluntary admin, they will need to negotiate with a new builder at 2023 $$$ anyway. Sad.

I'm just not sure what the builder should do?

If I quoted a job for 10k and was going to make 4k for my time and then materials rose 4k would I still do the job? No i'd not waste my time.
 

Soren Lorenson

First Grade
Messages
7,671
Neither do the builders, they cannot control the price increases.
Most of my builder mates (small sole traders) have been refusing to quote jobs for a while. It's very stressful for them and the customers. Some of them are losing most of their profits driving to and from jobs. It's f**ked.
 

hindy111

Post Whore
Messages
63,770
Most of my builder mates (small sole traders) have been refusing to quote jobs for a while. It's very stressful for them and the customers. Some of them are losing most of their profits driving to and from jobs. It's f**ked.

A lot of my work now is a mix of sub contracting and work for factories that is do and charge or quoted where I put a 8 week time frame. But they are fairly reasonable.if I had to increase quote half way into job for a fair reason.
 

Cloeel

Juniors
Messages
873
I also hate wfh during school holidays. My kids are in primary school, so they still want me to do stuff with them. I get most of my work done after they go to bed. It's exhausting.


Most of my staff actually rather work from the office. I think they missed me talking shit all day.

I couldn't give a f**k where they work from or even when they work - as long as the jobs done and on time.
 

Poupou Escobar

Post Whore
Messages
92,786
Not if you live in a multigenerational home. We have three generations squeezed into two bedrooms, like at the start of Charlie and the Chocolate Factory. No batin' going on here.
 

Latest posts

Top