Ford LT-9000
Banned
The work has dropped off around here I think some of the contractors will be getting a little nervous. The 10 grand a month equipment payments don't stop and with the work drying up quickly things might be repo man time.
Homeowners are not paying their bills or really slow or really late paying the conctractors are suffering. The contractors really thought this boom would continue so they bought new dump trucks and excavators. Probably not the best move.
One of the seasoned land developers said to me this boom is going to hurt it is moving too fast. He also figured this year would be 2007 it ends and he was right. He has seen all the building booms none were this long but none of them moved this quickly.
Really the only thing going now in this area is Alberta based developers they keep building but they are not selling anything. So the houses they are building are going to sit empty. Their dreams of selling them for 1 to 2 million dollars is going to flop. Condo developements are too over priced for most people so they will sit empty. Developers already tried condos 10 years ago they sat empty for so long they rotted and had to be torn down.
The greed for money has blinded too many people now its starting to backfire :roll
Homeowners are not paying their bills or really slow or really late paying the conctractors are suffering. The contractors really thought this boom would continue so they bought new dump trucks and excavators. Probably not the best move.
One of the seasoned land developers said to me this boom is going to hurt it is moving too fast. He also figured this year would be 2007 it ends and he was right. He has seen all the building booms none were this long but none of them moved this quickly.
Really the only thing going now in this area is Alberta based developers they keep building but they are not selling anything. So the houses they are building are going to sit empty. Their dreams of selling them for 1 to 2 million dollars is going to flop. Condo developements are too over priced for most people so they will sit empty. Developers already tried condos 10 years ago they sat empty for so long they rotted and had to be torn down.
The greed for money has blinded too many people now its starting to backfire :roll