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#2971 | |||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,918
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Quote:
![]() I’m not sure if it’s technically a pyramid scheme but quite likely trading insolvent. |
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#2972 | ||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,698
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Crazy isn't it, when does it end............
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Proud owner of the ugliest Ford ever made |
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#2973 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,048
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The HIA contract needs to be set in stone. No alterations. Ours had so many standard clauses crossed out and alternatives put in that were entirely in the builders favour. Went through a solicitor, but they didnt pick up on the implications, so clearly they're not worth their money. If the contracts were 'reasonable', you wouldnt need a solicitor in the first place IMO. The payment schedule was massively front-loaded, and even though the bank looked it over, they didnt pick this up. Useless. It's all obvious once you've been through the process, but hindsight is pointless. The contracts need to be rewritten with this knowledge going in. Preferably by someone other than the HIA who have a vested interest.
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#2974 | ||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: Catland
Posts: 3,637
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Used to think that things like endings happened, or reversions to means or whatever you want to call that, but now realise they will let everything else end before letting housing end. It's the dumbest thing to punt an economy on, it's not productive but rather restricts economic activity in productive sectors as land and rent rise. But here we are.
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I6 + AWD |
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#2975 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,918
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It will “end” when a balance is reached between peoples’ notion of property ownership and their tolerance of lifetime debt.
Which I personally consider a big part of our pig-headed “race to the bottom” but if it’s what people think they want, they’ll only be unhappy if denied it. |
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#2976 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,918
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Who else dips into the YT channel “Site Inspections”? There’s a recent 20 minute video showing a rubbish new build in north-western Sydney, it highlights the parallel issue of poor quality work even at high price.
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#2977 | ||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,387
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quality ? yer sign of the times.
People complained of high costs back in the day, little did they know that forced suppliers to search for cheaper sourcing - and here we are. A poor bloke bought a new build next to me 4yrs ago. I didn't have the heart to tell him what I was watching through the build. It's impressive the wonderful Agents video but like most, don't judge a book by its cover. He's had waterproofers back 4 times, the plumbing work I thought whilst the builders tradies were on the job, HTF is a Tradie going to get to any future leaking pipe issues. Paint is already ready looking 2nd hand, steal works surface rust is showing like mad. My daughter inlaw is a architect - whats her companies lastest job assignments that is growing of late ? Due to high building and material costs and more council stipulatons customers/consumers are looking to have their plans looked through and cost cut wherever they can. She said this kind of work is increasing for them like mad.
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Tickfords T3/TS50 '02 Sprint8 manual Sept 24 '16 Daily Macan GTS "Don't believe everything you read on the internet. Abraham Lincoln" |
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#2978 | |||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,329
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Quote:
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2979 | |||
Regular Member
Join Date: Jan 2014
Posts: 372
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Quote:
Back to the housing theme; "It's the dumbest thing to punt an economy on, it's not productive but rather restricts economic activity in productive sectors as land and rent rise." Remember John Howards 'The housing led recovery' . What's the saying ? doing the same thing repeatedly and expecting a different outcome ! |
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