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Modular Builder Collapses – Construction Apocalypse

#constructionapocalypse #housing #heisesays
The gloves are off at the ATO.

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  1. Tiny builder, entitlements paid, maybe not representative of the much, much larger whole. Sure, construction is in a hole, but when the current unprofitable houses wash out of the system, profitability will return.

  2. Modular home businesses cannot compete on costs against on site stick build. Reasons include large capital outlays required for factory space & machinery, additional structural materials needed for lifting the modules but not used in finished home, transportation & lifting of volumetric modules rather than flat pack materials to site. Its no wonder they're wrapping it up.

  3. Just saw the bloke at Philip Island 🏝 and his wind turbine 😳 on some tv show . Note his house is covered with useless solar . This is a must see interview ! You won’t believe your eyes 👀 !

  4. I think the locked in contracts is the most important part.
    Easier to go under and start again than honour cheap builds.
    The modular home company looks like a half arsed product. We should look up how long they have even been in business for –

    Edit: abn look up shows modular homes has been active since 2014.
    A 75k debt to ATO and 120k to creditors just shows (to me) that the bloke couldn’t manage his money more so than closing due to rate hikes etc .
    Just my opinion

  5. Re: Gold/Silver v property, it’s like any market comparison. If everyone is investing/talking about property at BBQs, you’ve probably missed the boat. Same with precious metals. You want to be buying before the fad, presuming they both have long term value. Which I presume. Love your work btw. Make some stein merch ffs. 😘

  6. The Govt(Ato)is sending these businesses broke.The same Govt that closed them down or made it hard for them to trade during the 'plandemic'.The same Govt that engineered the interest rates to nothing and encouraged a borrowing frenzy,which turned into a building frenzy which caused a shortage of Tradies and Materials.

  7. Kinda looks like the country is starting to fall apart. Don't worry though, Albo is going to make Australia a renewable energy superpower and solve climate change. Good times are on the way comrades. Just need to struggle for a little bit longer…

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