JC Political Thread - For All Things Political Part 2

[VS 5.0]

Of course the bank probably definitely won't lend you any money on a cost plus basis

Fixed it for you.

 

[losh1971]

Builders are collapsing because of their own stupidity & greed. they accept the work, along with people's money, without having the resources or skills to complete a job. project management requires years of experience & training, but of course idiots with a year 10 education think they can save some money & do it themselves.

From what I heard from those in the construction industry was not greed and stupidity it was actually under quoting. The issue was crazy high demand for new houses and 1000s of approvals. This caused a massive material shortage and thus prices of some materials more than doubled in a very short period. Because many builders could no longer honour the quote many had to fold, which was their only out. Supply and demand was the issue and not building Co's as such.

 

[UTE042_NZ]

The ship is starting to flounder....

Willis concedes she won’t be able to get the books back in shape quickly

Finance Minister avoids unveiling likely size of Budget 2024.

www.nzherald.co.nz

And she did promise to resign if the she didn't deliver the tax cuts as promised during the election so I'll expect her resignation forthwith!

NZ can't afford the promised tax cuts and they are fools if they intend to go forward with said tax cuts. Borrowing to pay for tax cuts and keeping the books in the red IS NOT GOOD FISCAL MANAGEMENT!

"Back in shape" that the outgoing finance minister left them before she started robbing special needs and disability support families of their respite funding and demanding that government departments start laying off up tp 5% of their employees, so that landlords and other "hard working kiwis" (at the top of corporate ladders) can receive tax cuts.

Two ticks blue, who voted for these

?

 

[Immortality]

Yup. Lowest bid/quote wins. Undercut your opposition to get the job and worry about trying to actually make money after by way of variations to the original contract.

It's a bad way to run a company and then there are the simply shoddy business practices.

One guy recently tried to get out of paying a large invoice by saying he never received the goods and I believe the POD was missing (but that's a different story). Unfortunately for him, he took a picture of himself standing under the product as it was been lifted off the truck on his job site and posted it to social media. He really shot himself in the foot with that one (and probably lucky he wasn't investigated for H&S violations on site).

 

[shane_3800]

I've seen overpaid MD's ruin a company in short order, short sighted, make the books look good this year but forgetting the long term plan so in subsequent years things turn to ****.

All CEO's like to think they drive profit but there are plenty that make mistakes and cost the company millions.

A great example is the former CEO of Fletchers in NZ, he put together a whole list of forward work with fixed cost pricing. Those decisions are costing Fletchers hundreds of millions of dollars a year long after he's been sent down the road but hey, I'm sure he looked good when he had a order book full of huge contracts back in the day.

CEO's along with the board set policy and guidance but it is the managers below who have to come up with the plans to turn those idea's into actual process to create that profit. It's nice to sit at the top and decide you are going to make X amount of sales a month and produce Y amount of product but if you read the market wrong than no matter how much **** you make you simply won't sell it.

And then.... Once again this lefty crap, you are a short sighted idiot who always falls back on this one pathetic argument when all your other arguments fail. You need to stop insulting people if you ever want people to take you seriously.



My better half works in the building industry with very good insight into what is happening at a national level and also international.

fixed it for ya.

What is lefty an insult now.

 

[shane_3800]

I’m only speculating, but I suspect part of the reason is the warranty that has to be offered on building work (7 years?).

Builders have to purchase an insurance to cover that warranty. When something goes wrong, the builder is the first port of call and is expected to provide the warranty work. If the consumer has issues contacting the builder, I think the next port of call is to the state building authority that tracks down the builder and tries to compel them to do the work. If the builder no longer exists, then the insurance kicks in.

So, I suspect, the modus operandi for a builder becomes… set up a company, build a few houses, close company and close off ongoing liability. Set up new company, …and repeat as often as needed.

The sad news is that some builders were not even buying the mandated insurance, so the end buyer was left high and dry.

A fairly classic case of privatise the profits and socialise the loses.

Maybe the increase the cost of materials is also driving them to ’go under’ (and later phoenix)?

Some times that happens.
My father fixes water leaks in concrete buildings, which is the most common fault.

In NSW it's near impossible to do this now, I can't recall all the reasons and ruels in place off the top of my head.
But from what I can remember is that you can't sign off the building without having some money down essentially.
There is also a building commissioner David Chandler.

Also in some cases the MBA will pay for repairs.
My father fixed a series of balconies on a small apartment block that were leaking water into the apartments.
The builder was a reputable builder and likely would've fixed the issue, but he died.
So the MBA came in and paid for the repairs.

The current series of builders failing is not the usual stuff, it's actual economic failings, plus contracts being signed and materials doubling in price.

 

[OldBomb]

They'll tell you all sorts of crap like "housing supply is the problem". Yes, but there's an underlying issue at play too, which is greed. Then you have an over demand for qualified tradies. Why? Because idiots want their children to be the next Elon Musk rather than Joe the bricklayer. Brikies I know refuse to work. "It's too hard on the body", they say. Sorry moron, ever worked in a factory lifting boxes non-stop for 10 hours a day? This is also physically demanding work, but people still do it. What's more, they do it for $28/hr. What's the going rate for laying a brick nowadays - $3?? These clowns want to take home $3,000+ a week, or they won't do it. That's all great, but don't you dare call someone else "lazy" for not wanting to be your labourer.
I don't wish to insult bricklayers here. I know there are a few on Just Commodores who work hard making an honest living, but some of your colleagues in the industry are giving you a bad name. I know some who drive around in their $100,000 4WD Mercedes while claiming they can't afford to pay their labourers a fair rate. Admittedly these are the ones who've been doing it for 20+ years, however they're also the same tradies who refuse to take on the work currently in demand.

 

[MasterOfReality]

What on earth are you on about?

What do you have against people that can dictate their own rate and jobs?

 

[shane_3800]

What on earth are you on about?

What do you have against people that can dictate their own rate and jobs?

A brickie must've fucked his ex missus.

 

[OldBomb]

At least Labor is offering fee free TAFE places to encourage people into trades. What did the previous idiots do? I think they had some moronic brainfart like offering wealthy individuals a $200,000 tax break to renovate their investment properties. This made the situation worse, not better.