Quote:
Originally Posted by MBAtarga
There aren't enough builders/contractors due to the big market hit from the '08 market/mortgage fallout. There is very little new inventory, which drives demand up.
|
Somewhat true.
I can tell another part of the story.
Subcontractors are refusing to get big again. I am one. I told my builders flat out, I am not going to have 25 people working for me again only to have to lay them all off again.
You WAIT! that is how it works, you want to hire another competitor to take up the slack go do it. I am not hiring!
I have 3 employees (make that 2 as of Friday) and will not get bigger. I am actually downsizing to 2 because I am seeing a slow down. I see things 6 months before the street does. Maybe a hiccup, I think it may be the beginning of a crash coming.
Get your gold now before it hits 5-7K an ounce.