Heise Says
#Construction #Recession #HeiseSays
Everything seems to be coming to a head in the construction industry.
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#Construction #Recession #HeiseSays
Builders are getting desperate as the profitless boom turns into a construction apocalypse for some.
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I remember you talking about the consequences of allowing certain companies to trade insolvent months ago Florian. The chickens have come home to roost.
Better to be the other type of developer (programmer)
apparently 3 million Chinese will want to come here, once lockdown ends
'This mess in part'…pig's arse 'in part'. 'Mostly' is a much more accurate term. In your own words 'juicing up the market forever'.
Nobody has money anymore just a good line of credit
Mate, looking at building in W.A atm , but have a bad feeling , whats your thought?
Who’s likely to pay for the relief?
In talking to builders, the supply chain for materials appears to be resolving itself, especially the supply of timber, but the constraint in trade labour (chippies, sparkies, etc.) is causing them to compete for staff and forcing the price up. As the article points out, they then get squeezed on fixed price contracts. It will be interesting if variable price contracts become the norm as most home buyers won't be able secure finance unless the price is fixed. This may see an increase in price for existing homes as buyers utilise the new subsidies to purchase property, thus increasing demand with no corresponding increase in supply.
If the government is going to buy into the housing market, won't the bubble continue?
So should I put the toolbelt back on or stick to courier work?
$50/hr + add ons seems enticing.
Dbl what courier gets..
The sheep get what they deserve. 80 years of traitors in the Liberal and Labor Party and they vote them back in again. How many watching this will moan about immigration that voted major and fail to realise it is their fault for being so stupid.
Meh. They will do what they always do. Bleed the cash reserves in to an off shore account, declare bankruptcy and start over. leaving the customer fucked as usual.
Relief? Cut prices AH ols
Haha
It’s all just too hard.
Metricon owners put 40 million into the company this week
And CBA doubled their overdraft
A mate got a price for a shed (90k) rung back a week later to confirm, it had gone up 2k.
Another mate with an engineering business said gutted prices are valid for one week.
Covid caused restrictions from the governments which caused supply chain issues….bingo hyperinflation…..the governments engineered this whole thing….wake up people
This the part where the tip of the turd hits the fan, the rest still on the way – it could get really ugly.
All Ponzi schemes end with a profitless (ka)boom.
What a nightmare!!
Government contributing to make a situation worse? Say it isn't so! Smh…
So they switch from routing the customer to routing the taxpayer, oh to be a precious builder.
3 years plus vlog but only 30k subs. Florian the fvlogger
Do you think there will be a lot for closures in the housing market in the near future especially for the first home buyers with rates rising and house price reducing
The government’s fault 💁♂️.
If you’re stupid enough too believe toilet paper could be a saviour in an apparent pandemic, then you’re probably stupid enough too buy a house in an apparent pandemic, when endless money has been printed too created a false economy.
No sympathy from this dawg🤦♂️
Your still around. Haven't seen a video in well over a year in my feed. Thought u gad gone dafk. Checked and still subscribed.
No all Federal Governments for the last 20 years have been raising the migrant intake to juice the Australian CPI, and yes giving all the people free-shit to make them debt-slaves, this makes them look good, and the sheeple keep doing the same thing, voting Labor/Liberal. People will fight over toilet paper, but won't fight for their freedom, debt slaves never do.
Something I noticed when I came to Australia, and was househunting, is the overall lower quality of construction in Australia as compare to other places like France, Italy, Japan or even Southeast Asia.. CBA, a high cost of labour, seemingly little to no oversight or regulations besides The obvious or the spurious, seem to have created this illusion of a quality of life component which is owning a house. 2 decades of catering for investors with little to no regard for actual quality without the ridiculous speculation, coupled with A system bent on protecting The housing industry at all costs has distorted any kind of healthy perspective on The active buying the plot of land, and building your dream house. There’s perhaps an opportunity for locally manufactured raw materials and decreasing taxes on any activity pertaining to building, renovating or creating infrastructure in the aim of participating in the construction industry. The rise in immigration and following increase in demand for housing May result in this shift.
92 builders in Queensland alone have gone in to liquidation. Government’s fault!!
God help us with the new government!
Yay let’s kick the can down the road a bit more to make that pain a bit more long term and acute. Never rip the Band-Aid off guys, leave it there for the wound to Rot.
Perth property will come crashing down as commodity boom is over with global recession coming
She'll be right mate , it's the Lucky country
Till tommorow……..
Ireland housing experiment, 40% to 50% fall is not outside the possibilities. People don’t want to be looking like fools. Eg toilet paper buying 🤷🏻♂️
When a builder is running out of money in a buoyant market is insane … The only way to build up the building market is to stop negative gearing on Third or more properties and have negative gearing on contraction .
Thank you
has any construction companies go bankrupt these few months ???… NO…
It's the GREEDY builders who took on too much work knowing full well that they were always going to struggle fulfilling the contracts and then pushing up rates in order to poach trades to do their work. Their fellow builders who are not GREEDY now suffer!!
I think just waste time watch you read newspaper……I can read myself
It's not demand for residences. It's demand for financial vehicles.
Every project should have it's own bank account – its cheap to set up and helps with accounting.
Ultimately people can't afford the work they want. Builders lower their prices to get the work. It's a self consuming prophesy.