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USA
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Posted: 5/3/2024 10:32:11 AM EDT
[#1]
Quote HistoryOriginally Posted By Imzadi: But the weird thing is that self employed people don't seem to care. I'm on my third MONTH and second repair shop of waiting on mechanics to fix my car. It's running fine, just needs preventative maintenance. Takes about a day of shop time according to the manual. They just don't want to do the work. |
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Posted: 5/3/2024 10:55:59 AM EDT
[#2]
Past 18 months have been rough for one of my businesses. Worse numbers than 08-09 and that's not even taking into account inflation. After the first couple months of being really bad, it became a waiting game for things to pick back up again but it never did.
I'd have given up just thinking that we must just suck... but it's everyone. Our vendors, our competitors are all feeling it. Business has gone to almost completely worthless but it's weird in that I'm pretty sure I could sell the real estate alone and make out like a bandit. My other business is down but still doing fine, it's completely paid for and needs nothing so it supports the other place 90% which would normally pay ourselves but for some reason we're holding onto hope that things will turn around soon. Looking back we should have just closed the f'ing place but couldn't have known that looking forward and now that we've made it this far we're thinking it can only last so much longer... I spent so much time narrowing our focus and cutting out crap but now we're going back into doing anything we can get our hands on to keep going. Or at least keep busy and fresh. April was a "normal" month again - 1st month in a long time, but doesn't feel like it's going to last. Good luck guys. |
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Posted: 5/3/2024 11:18:26 AM EDT
[#3]
Consumer behavior drives either 60 or 70 percent of the economy-can't remember off the top of my head. What that really means is leveraged credit use drives the economy and obviously that's slowing down. So our economy is optimized to rely on people living beyond their paychecks, and why wouldn't it be, as that means growth to the manufacturers and credit issuers?
So who in their right mind thinks we go back to pre-COVID days when interest rates drop a little bit. Even if there was a way to magically wipe out consumer debt so people could start the borrowing and consuming all over, that just means inflation kicks into high gear again. And if people start leveraging themselves up to $1M plus of consumer debt because who cares, that also will drive inflation. |
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Posted: 5/3/2024 5:33:55 PM EDT
[Last Edit: exponentialpi]
[#4]
Definitely feeling that way. Costs are up, earnings are down with lots of reports for Q1 2024. Lots more pressure building on the economy as debt costs post ZIRP are finally flowing into people's budgets.
The job market is also softening, I went from a few applicants last year to over a dozen for my last opening. |
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UT, USA
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Posted: 5/3/2024 6:09:59 PM EDT
[#5]
Quote HistoryOriginally Posted By midcap: Yep....that's how the HVAC companies con people into getting whole new systems down here. Mostly spurred by government regulations. Banning what was once the cleaner alternative to the last Freon. AKA bye bye R-12, bye bye R22, and they want to bye bye R410 soon. So they can’t repair your stuff because your Freon isn’t available anymore or the parts aren’t. So it’s not all your HVAC guy. |
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UT, USA
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Posted: 5/3/2024 6:14:15 PM EDT
[#6]
Quote HistoryOriginally Posted By midcap: Your state's officials have more to do with your terrible economy does. Biden isn't setting your tax rate, CARB rules or fuel tax. Partially true. But he is shutting as much public land as he can off to oil and coal. |
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Posted: 5/3/2024 6:22:35 PM EDT
[#7]
Originally Posted By DrFrige: It started when we noticed the service calls for repair were slowing down... we went from being booked out 1-2 weeks to a few days and now we cannot fill a full day full of service calls. I usually run about 8 calls a day, today I only have 4. The calls for "my icemaker isn't working", "I need general maintenance", "my refrigerator is making a weird noise" are not existent. We are only getting the emergency no refrigeration calls. We ALMOST went out of business back then. Not gonna lie... this is scaring the shit out of us. The phones are silent. Talked to my competitors and they too are saying the same thing. Their phones are too quiet. FJB  Not like that up here in NH. Contractors and tradesmen are swamped with work. |
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Posted: 5/3/2024 8:51:11 PM EDT
[#8]
Having the same problem at my work. We sell / fix equipment in the $5k - $100k range (roughly) so serious hobbyists to commercial and industrial. Don't know what our exact numbers are since it's a private company but the "belt tightening" has already turned from talk to action. It's noticeably slower even accounting for this being the "slow season". Sales guys' phones aren't ringing as much. I've had some lament that the guys they are calling are either out of business or close to it and enacting austerity measures. Service still has a good number of calls but volume does seem to be down and there seems to be more people willing to try turning a wrench on their own instead of paying for a visit.
From what I hear it's across the industry and across our customer bases. Talking to other people in business, and seeing threads like this, it seems like EVERYONE can tell the wheels are coming off (or already have) but nobody is willing to scream warnings from rooftops yet. Like it's a big secret you aren't supposed to talk about. Nobody wants to admit to their customers or suppliers that their business isn't doing well, I get that, but what I find eery is the sense that EVERYONE can feel it but for some reason HAVE to stay quiet. Though I have noted an uptick in unprompted political statements from customers on the phone. I suppose not being face to face and talking with a tech who already knows how broken your shop is gives a certain amount of freedom. We all know the emperor has no clothes - a few people are already willing to say it, though perhaps not (too) publicly. Yet, at least. |
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Posted: 5/3/2024 9:00:02 PM EDT
[#9]
Quote HistoryOriginally Posted By Its_Raining_Lead: These are the lowest energy prices you will see for the rest of your lifetime. True. Years from now we will look back at today's gas prices and wish we were paying these prices again. As the leftists/socialists/communists that cheat to stay in charge continue their march to destroy this country.  Fuckers.
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Posted: 5/3/2024 10:26:13 PM EDT
[#10]
Quote HistoryOriginally Posted By MikeMilligan: Consumer behavior drives either 60 or 70 percent of the economy-can't remember off the top of my head. What that really means is leveraged credit use drives the economy and obviously that's slowing down. So our economy is optimized to rely on people living beyond their paychecks, and why wouldn't it be, as that means growth to the manufacturers and credit issuers? So who in their right mind thinks we go back to pre-COVID days when interest rates drop a little bit. Even if there was a way to magically wipe out consumer debt so people could start the borrowing and consuming all over, that just means inflation kicks into high gear again. And if people start leveraging themselves up to $1M plus of consumer debt because who cares, that also will drive inflation. Dude, slow the fuck down on your logic, thinking be hard and shit...did you see that new car and iPhone that's gonna drop this weekend? Imma scoop one of those while I'm standing in line for that fresh Jordan colorway release. -said by some guy reeking of weed and BO with shitty prison inmate tats and a $20 but a credit card with a $500 limit. People are not just stupid overall, they are fucking retarded and proud of it. They revel in it. |
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Posted: 5/3/2024 11:48:45 PM EDT
[#11]
Quote HistoryOriginally Posted By fxntime: You can't get stuff fixed on credit but you can always get a big box CC and buy new at 21% interest. Guess what people are doing? We take credit cards!  |
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Posted: 5/3/2024 11:50:36 PM EDT
[#12]
Quote HistoryOriginally Posted By klutz347: If I can't afford food, why fix the fridge? OUCH! That pain on the side of my face was when you slapped me upside my head with reality
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IA, USA
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Posted: 5/3/2024 11:56:18 PM EDT
[Last Edit: kwg020]
[#13]
Quote HistoryOriginally Posted By MikeMilligan: Consumer behavior drives either 60 or 70 percent of the economy-can't remember off the top of my head. What that really means is leveraged credit use drives the economy and obviously that's slowing down. So our economy is optimized to rely on people living beyond their paychecks, and why wouldn't it be, as that means growth to the manufacturers and credit issuers? So who in their right mind thinks we go back to pre-COVID days when interest rates drop a little bit. Even if there was a way to magically wipe out consumer debt so people could start the borrowing and consuming all over, that just means inflation kicks into high gear again. And if people start leveraging themselves up to $1M plus of consumer debt because who cares, that also will drive inflation. That is exactly what happened in the late 1970's under Jimmy Carter. He basically stopped all oil imports and reduced oil exploration on Federal land and we had inflation fueled by a self inflicted oil shortage AND the fed's playing with interest rates trying to stop the democRAT inflicted oil inflation. It took Ronald Reagan his first 4 years to get inflation under control and his second 4 years to start a recovery. By the time George Bush became the president we were prosperous. Is this why Bill Clinton was elected ?? He didn't need to do anything but chase interns he was so bored. kwg |
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Posted: 5/4/2024 12:02:44 AM EDT
[#14]
Quote HistoryOriginally Posted By DrFrige: @fxntime We take credit cards! Quote HistoryOriginally Posted By DrFrige: Originally Posted By fxntime: You can't get stuff fixed on credit but you can always get a big box CC and buy new at 21% interest. Guess what people are doing? We take credit cards! But those are maxed out, hence the big box CC sign up and get 10% off your purchase sale price. |
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TX, USA
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Posted: 5/4/2024 12:12:20 AM EDT
[#15]
Remember all the people talking about how AI wouldn't hurt them because they're in the trades?
It will when everyone becomes an electrician/plumber/roofer and nobody can pay their bills doing it. It's already a tough market with consolidation from private equity and a lousy economy. Not that this exact moment is because of impacts to tech jobs, but it will be next time this pops up. Not everyone can be white collar, but everyone can be blue collar. |
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Posted: 5/4/2024 12:17:19 AM EDT
[#16]
We’re a little bit slow right now but we also switched over to a new whizbang scheduling system, so that means you know its good.
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Posted: 5/4/2024 12:20:32 AM EDT
[#17]
Auto repair owner here. Had three people working for me when 08 hit. One I fired. One had finished college and moved one. One went back to school. I took a pay cut. Borrowed money to keep going. Took about 2 or 3 years to pay the loan off. Too old to do that again
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Posted: 5/4/2024 12:23:55 AM EDT
[#18]
Uh yeah, they raised the interest rates from ZERO and free money doesn't exist anymore.
A lot of this country has been living in a Disneyland fairytale since about 2015, when the money printing took off. |
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Posted: 5/4/2024 3:02:12 AM EDT
[#19]
Quote HistoryOriginally Posted By kwg020: That is exactly what happened in the late 1970's under Jimmy Carter. He basically stopped all oil imports and reduced oil exploration on Federal land and we had inflation fueled by a self inflicted oil shortage AND the fed's playing with interest rates trying to stop the democRAT inflicted oil inflation. It took Ronald Reagan his first 4 years to get inflation under control and his second 4 years to start a recovery. By the time George Bush became the president we were prosperous. Is this why Bill Clinton was elected ?? He didn't need to do anything but chase interns he was so bored. kwg Quote HistoryOriginally Posted By kwg020: Originally Posted By MikeMilligan: Consumer behavior drives either 60 or 70 percent of the economy-can't remember off the top of my head. What that really means is leveraged credit use drives the economy and obviously that's slowing down. So our economy is optimized to rely on people living beyond their paychecks, and why wouldn't it be, as that means growth to the manufacturers and credit issuers? So who in their right mind thinks we go back to pre-COVID days when interest rates drop a little bit. Even if there was a way to magically wipe out consumer debt so people could start the borrowing and consuming all over, that just means inflation kicks into high gear again. And if people start leveraging themselves up to $1M plus of consumer debt because who cares, that also will drive inflation. That is exactly what happened in the late 1970's under Jimmy Carter. He basically stopped all oil imports and reduced oil exploration on Federal land and we had inflation fueled by a self inflicted oil shortage AND the fed's playing with interest rates trying to stop the democRAT inflicted oil inflation. It took Ronald Reagan his first 4 years to get inflation under control and his second 4 years to start a recovery. By the time George Bush became the president we were prosperous. Is this why Bill Clinton was elected ?? He didn't need to do anything but chase interns he was so bored. kwg |
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Posted: 5/4/2024 5:04:52 AM EDT
[#20]
Quote HistoryOriginally Posted By Praimfiya: Not like that up here in NH. Contractors and tradesmen are swamped with work. |
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Posted: 5/4/2024 5:35:50 AM EDT
[#21]
Quote HistoryOriginally Posted By midcap: So George W Bush wasn't president before and during the Financial Crisis? W migh as well have been a D given his policies. |
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Posted: 5/4/2024 6:03:44 AM EDT
[#22]
We investigate work related fatalities and insurance fraud
...the guy shows up for court in a neck brace and wheelchair. We're the guys who get the video of him roofing houses after court that sends them to prison My work is up, pretty good this year, yo hablo Español bastante bien, esta bueno para negocios. Y majore de trabajo nuevo esta vatos Most of our new work is illegals learning to fuck our comp system |
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MI, USA
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Posted: 5/4/2024 6:33:48 AM EDT
[#23]
Yes, we own two businesses in different industries and there's a slow down across the board. Other business owners I know are seeing the same thing. Definitely a little scary, though we have some defenses against recession in both businesses and losing competitors is never a bad thing, just have to stick it through.
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Posted: 5/4/2024 6:44:35 AM EDT
[#24]
Here is the weird part I've been noticing in Rural VT and NY. Run down trailers with yards that look like garbage dumps used to have equally shitty run down vehicles. Now its like wtf are 1-3 expensive high option level brand new vehicles doing here? 1 vehicle is worth more than the fkn property. On top of it they have rims and tires too. Don't forget a couple quads or RZRs and a boat too.
2nd ming boggling question that enters my mind. How the fkn are these people always home? How the fk is there $300,000 worth of brand new stuff popping up all over? These are places that don't even look livable. |
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Posted: 5/4/2024 6:59:59 AM EDT
[#25]
Quote HistoryOriginally Posted By midcap: Yep....that's how the HVAC companies con people into getting whole new systems down here. Quote HistoryOriginally Posted By midcap: Originally Posted By FistPeso: Originally Posted By midcap: That's actually a thing too. Repair people have gotten to used to charging what ever they felt like that now that everone is broke dick they can't pay the high prices, so they can run to COnn's and get a new under the counter microwave for $10 a month When the service bill is 50% of replacement, it just isn’t worth it. Yep....that's how the HVAC companies con people into getting whole new systems down here. I also think it has to do with the current education system and work ethic of some of the young generations. How many student loan bailouts have happened over the past 3 years. Threads here of hiring a secretary but yet this person comes back and says they have a fear of talking on the phone.  Most people looked down on trade schools but yet unless you’re either a doctor, lawyer, or some type of engineer most of the trades pay better. The only exception I have seen that a trade was ranked high like a college degree was the IT field. I would imagine this is due to the fact doctors relied on them to make their shit work in a time of need just like the CEO did yesterday. There are exceptions to this general statement just like everything else in life. |
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Posted: 5/4/2024 7:27:33 AM EDT
[Last Edit: Scoobysmak]
[#26]
Quote HistoryOriginally Posted By manderson1911: This.... The repair guys are just too expensive vs the cost of buying new. I can have a 8 or 9 year old machine that you fix for 300-400$ or i can buy a new machine for 600 to 700... I'm paying the extra amount and getting new and not dealing with waiting for the service guy to show up and over charge me. These guys did this to themselves. I would just like to say this is deceptive bullshit, looks accurate but not the case. (This is for honest business, there are asshats out there in every sector) Let me know when the factory worker in China makes more than a few Pennie’s an hour. This is a product of FBC but becoming more evident as historic inflation has hit since this country doesn’t produce shit anymore. About the only thing made here anymore is foreign cars, show me where any vehicle today brand new, with 4 wheels, is less than 10k. Quality of every brand is down as engineers have now designed parts to fail just past the warranty. |
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Posted: 5/4/2024 7:35:05 AM EDT
[#27]
Quote HistoryOriginally Posted By wally910: 2024 Q1 new construction permits in NE FL are 3,279. ‘23 was 2,384 ‘22 was 4,226 ‘21 was 3,759 ‘20 was 2,625 ‘19 was 2,535 And the numbers go down from there steadily to the low of 644 in 2011. We have a long way to go to get the ecomomy of the Great Recession. Let me know when they stop CA residents from leaving that shithole, then repost the numbers. (I would just like to comment that CA is a shithole due to the leadership, not because of everyone there…shame they fucked up a beautiful state) I am not saying doom but there are certain things that affect areas totally differently and do not reflect the reality of the entire country. |
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Posted: 5/4/2024 7:37:55 AM EDT
[#28]
Quote HistoryOriginally Posted By madmathew: I don't see how this would help when people make as much or more on unemployment as when they are working. Quote HistoryOriginally Posted By madmathew: Originally Posted By maxima2: The fed chairman wants to see about 6% unemployment in hopes that it will stop the inflation. It won't. This is still the beginning. I don’t disagree, how long can one be on unemployment though…..I thought there was a timeline, of course it can get extended depending on the Gov. |
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Posted: 5/4/2024 7:38:34 AM EDT
[Last Edit: brasscrossedrifles]
[#29]
I've been assured that residential construction and maintenance trades are how you earn toy helicopter money as long as you are polite, punctual, and detail oriented.
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Posted: 5/4/2024 7:41:36 AM EDT
[#30]
Quote HistoryOriginally Posted By brasscrossedrifles: I've been assured that residential construction and maintenance trades are how you earn toy helicopter money as long as you ate polite, punctual, and detail oriented. 
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Posted: 5/4/2024 7:48:06 AM EDT
[#31]
Quote HistoryOriginally Posted By pale_pony: We investigate work related fatalities and insurance fraud ...the guy shows up for court in a neck brace and wheelchair. We're the guys who get the video of him roofing houses after court that sends them to prison My work is up, pretty good this year, yo hablo Español bastante bien, esta bueno para negocios. Y majore de trabajo nuevo esta vatos Most of our new work is illegals learning to fuck our comp system Send them the fuck back… (Just my sediment about it all, not directed at you) |
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Posted: 5/4/2024 7:51:59 AM EDT
[#32]
Quote HistoryOriginally Posted By brasscrossedrifles: I've been assured that residential construction and maintenance trades are how you earn toy helicopter money as long as you are polite, punctual, and detail oriented. 13.7k gross in the last 6 days buys a couple of drones i guess. I’m not polite but exceed in the other 2. |
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Posted: 5/4/2024 7:57:26 AM EDT
[#33]
Quote HistoryOriginally Posted By 94TBlazer: I'll need a new roof & furnace/AC in the next couple years. Holding out for now - maybe prices will improve?  Attached File |
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Posted: 5/4/2024 8:00:48 AM EDT
[#34]
Quote HistoryOriginally Posted By boolzi: 13.7k gross in the last 6 days buys a couple of drones i guess. I’m not polite but exceed in the other 2. Gross doesn't mean anything out of context. |
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Posted: 5/4/2024 8:06:41 AM EDT
[#35]
Demand destruction is the name of the anti-inflation game.
Raise interest rates and borrowing becomes more expensive. Companies slow down capital investment. The cost of consumption reduces demand. Companies produce less because of the reduced consumption. Companies lay people off because there is less to produce. Unemployed people buy much less of what they used to. Demand is further reduced. Production is further reduced and more people are laid off. This cycle repeats until competition for goods is greatly diminished. Prices eventually fall as companies compete to keep customers and stay alive. This is the glide path we are on. The process is to crush demand. |
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Posted: 5/4/2024 8:06:47 AM EDT
[#36]
Quote HistoryOriginally Posted By FistPeso: Bingo, service repair is pricing itself out of the market. 100%. Warranties are a bitch to work through as well. Getting proper warranty claim approval is such a burdensome PITA most people dont either dealing with it. |
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Posted: 5/4/2024 8:10:02 AM EDT
[#37]
Quote HistoryOriginally Posted By DrFrige: We just got smacked with a rate increase from auto, home, liabilty and umbrella insurance. Gas here is $5.39 a gallon so we have no choice to but to increase rates otherwise no sense in keeping the doors open. I am hoping for a VERY hot summer so my busy season will allow us to squirrel money away. You sound like a plumber justifying a $4000 quote to replace a standard issue tanked water heater. "I have overhead!" Okay. Its a 1 hour job if your guy is lazy and the heater itself is $450 MSRP which means you paid about $400. My neighbor owns a plumbing business. $700k house and $400k in cars in the garage. Maybe that's the overhead he is talking about.
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Posted: 5/4/2024 8:16:01 AM EDT
[#38]
Quote HistoryOriginally Posted By FistPeso: Bingo, service repair is pricing itself out of the market. You have the cause-effect backwards. Manufacturing efficiency has gone up so much that the cost of consumer goods like household appliances have tracked negatively against inflation for a while. This applies to a lot of things. The overhead for someone to do a service call tracks pretty evenly with whatever it costs for materials, service parts (which are often manufactured at much lower efficiency), fuel, insurance and licensing (among all the other little bullshit). Labor cost factors in more or less depending on how evenly the other things track to inflation and how out of control the inflation is. |
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Posted: 5/4/2024 8:17:03 AM EDT
[#39]
If it is really going to be 2008, you're going to see Biden win in November and businesses that were hoping for a Republican win will go into full lockdown, slash as much headcount as possible, and try to ride out the next four years with no/minimal spending...
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IA, USA
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Posted: 5/4/2024 8:26:08 AM EDT
[#40]
My wife is a photographer, she's been doing that for 15 years. Last year (and looking like this year so far) the summer months were very slow, which is unusual.
Thankfully last fall and winter it picked back up, but it could be a repeat this year. That seems to be the norm with other photographers all over the country, too. |
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Posted: 5/4/2024 8:26:53 AM EDT
[#41]
Quote HistoryOriginally Posted By ZF-1: If it is really going to be 2008, you're going to see Biden win in November and businesses that were hoping for a Republican win will go into full lockdown, slash as much headcount as possible, and try to ride out the next four years with no/minimal spending... There's companies already doing that in some industries. There are guys in other industries that think they are really smart telling guys like me we are just losers with the wrong mindset or whatever. We are gonna find out how smart they actually are, and we are gonna find out pretty soon. |
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Posted: 5/4/2024 8:49:22 AM EDT
[#42]
Reading this thread it appears to be sporadic and regional now.
Our dryer went out last year for the second time, this time out of warranty, so we replaced the washer and dryer together. Since then we have upgraded every appliance in our house besides the microwave. Inflation is cumulative, and wages haven't paced inflation in this country since the 1970's, so we expect that we are in a better situation to buy new appliances now than we will in the future. Midwits who look at gov't pubished economic data without observing the changes in how indices are calculated, or the adjustments quietly made to that data weeks after it is initially published will tell you that this is the best economy in decades, and that bidenomics is working. These people look at published interpretations of data to draw conclusions and consider themselves intelligent for doing so, but aren't smart enough to look at the data itself, how it was collected, or over a long period of time. It is essentially the carefully curated version of reality that leftists live in to ignore the contradictions in their own beliefs, and also why they can't meme. Ultimately though, explaining that things are doing well and justifying it with numbers can't hide the reality felt by everyday people that things are getting less and less affordable. |
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Posted: 5/4/2024 8:50:50 AM EDT
[#43]
Quote HistoryOriginally Posted By brasscrossedrifles: Gross doesn't mean anything out of context. Quote HistoryOriginally Posted By brasscrossedrifles: Originally Posted By boolzi: 13.7k gross in the last 6 days buys a couple of drones i guess. I’m not polite but exceed in the other 2. Gross doesn't mean anything out of context. Does to me, after taking material off a draw i pretty much know what i keep. Fuel, ins, and costs are not as bad as some think. It’s a lot, but so are the quotes we get nowadays. My point being that us residential construction guys you seemed to shit on with the toy helicopter remark can make a good living if you’re strong and smart enough. You dont need a union or big commercial job with huge payrolls to make money. Just a good circle of builders and an efficient way of working. |
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Posted: 5/4/2024 9:03:14 AM EDT
[#44]
Quote HistoryOriginally Posted By texas_mustang_01: Remember all the people talking about how AI wouldn't hurt them because they're in the trades? It will when everyone becomes an electrician/plumber/roofer and nobody can pay their bills doing it. It's already a tough market with consolidation from private equity and a lousy economy. Not that this exact moment is because of impacts to tech jobs, but it will be next time this pops up. Not everyone can be white collar, but everyone can be blue collar. Most white collar jobs are bullshit with little technical ability and accountability required. Things like programming are obviously exceptions but honestly that's more like a blue collar job due to its production nature. Blue collar jobs like welding, plumbing etc. Require specific skills and are immediately accountable. Like programming. Unpopular opinion |
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Posted: 5/4/2024 9:07:35 AM EDT
[#45]
Quote HistoryOriginally Posted By boolzi: Does to me, after taking material off a draw i pretty much know what i keep. Fuel, ins, and costs are not as bad as some think. It’s a lot, but so are the quotes we get nowadays. My point being that us residential construction guys you seemed to shit on with the toy helicopter remark can make a good living if you’re strong and smart enough. You dont need a union or big commercial job with huge payrolls to make money. Just a good circle of builders and an efficient way of working. I do not, in fact, mean to shit on residential construction guys. The toy helicopter remark is a meme fresh off the press. Don't worry about it. That said, I specifically stated that it doesn't mean anything without context. You can't be like "nuh-uh, yeah it does" if you have to qualify that with the context. That necessarily means it requires context to mean anything. Let me give you a real world example: I know of a specific trade that grosses about $35k per day per job site. Sounds like a lot, right? Well, it is, but it sounds like a lot less when you consider that at each job site they have several pieces of equipment that run approximately $1.5M each, and those regularly get lost. I dont just mean damaged, or shitted out, that happens too. I mean lost. The whole thing. Lost. (They still make a lot of money)
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Posted: 5/4/2024 9:13:12 AM EDT
[#46]
Quote HistoryOriginally Posted By brasscrossedrifles: I do not, in fact, mean to shit on residential construction guys. The toy helicopter remark is a meme fresh off the press. Don't worry about it. That said, I specifically stated that it doesn't mean anything without context. You can't be like "nuh-uh, yeah it does" if you have to qualify that with the context. That necessarily means it requires context to mean anything. Let me give you a real world example: I know of a specific trade that grosses about $35k per day per job site. Sounds like a lot, right? Well, it is, but it sounds like a lot less when you consider that at each job site they have several pieces of equipment that run approximately $1.5M each, and those regularly get lost. I dont just mean damaged, or shitted out, that happens too. I mean lost. The whole thing. Lost. (They still make a lot of money) Is bomb disposal a trade? How do they lose 1.5 mil worth of equipment regularly? I'd hate to pay that insurance premium. |
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Posted: 5/4/2024 9:21:31 AM EDT
[#47]
Quote HistoryOriginally Posted By xd341: Is bomb disposal a trade? How do they lose 1.5 mil worth of equipment regularly? I'd hate to pay that insurance premium. |
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Posted: 5/4/2024 9:23:57 AM EDT
[Last Edit: xd341]
[#48]
Quote HistoryOriginally Posted By jaqufrost: I'm guessing it's an offshore issue or a deep underground issue. Honestly I'd expect the daily rate to be higher. |
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Posted: 5/4/2024 9:39:50 AM EDT
[#49]
Quote HistoryOriginally Posted By brasscrossedrifles: I do not, in fact, mean to shit on residential construction guys. The toy helicopter remark is a meme fresh off the press. Don't worry about it. That said, I specifically stated that it doesn't mean anything without context. You can't be like "nuh-uh, yeah it does" if you have to qualify that with the context. That necessarily means it requires context to mean anything. Let me give you a real world example: I know of a specific trade that grosses about $35k per day per job site. Sounds like a lot, right? Well, it is, but it sounds like a lot less when you consider that at each job site they have several pieces of equipment that run approximately $1.5M each, and those regularly get lost. I dont just mean damaged, or shitted out, that happens too. I mean lost. The whole thing. Lost. (They still make a lot of money) Quote HistoryOriginally Posted By brasscrossedrifles: Originally Posted By boolzi: Does to me, after taking material off a draw i pretty much know what i keep. Fuel, ins, and costs are not as bad as some think. It’s a lot, but so are the quotes we get nowadays. My point being that us residential construction guys you seemed to shit on with the toy helicopter remark can make a good living if you’re strong and smart enough. You dont need a union or big commercial job with huge payrolls to make money. Just a good circle of builders and an efficient way of working. I do not, in fact, mean to shit on residential construction guys. The toy helicopter remark is a meme fresh off the press. Don't worry about it. That said, I specifically stated that it doesn't mean anything without context. You can't be like "nuh-uh, yeah it does" if you have to qualify that with the context. That necessarily means it requires context to mean anything. Let me give you a real world example: I know of a specific trade that grosses about $35k per day per job site. Sounds like a lot, right? Well, it is, but it sounds like a lot less when you consider that at each job site they have several pieces of equipment that run approximately $1.5M each, and those regularly get lost. I dont just mean damaged, or shitted out, that happens too. I mean lost. The whole thing. Lost. (They still make a lot of money) Well, I did in fact lose my spyderco somewhere on this last job, so I know how they feel. As a plumbing contractor I’m pretty open with young dudes interested in the trade, yea gross profit is a little vague buts the chunk of money you fight to keep. Lots of options to save as much as you can and it’s up to you to use your head. 2 different people, one might end up with 80% of it and the other might zero out. That’s the part we don’t learn wile learning our trade. |
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TX, USA
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Posted: 5/4/2024 9:49:42 AM EDT
[#50]
It's even worse since more of your competition now are illegal with no license or insurance, working for half price without paying any taxes.
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