corysub
Posts: 1492
Joined: 1/1/2004 Status: offline
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quote:
ORIGINAL: cjan Cory, did you read my post regarding contractors who build in Florida who use illegal, non-union labor and simply pocket the savings ? If you did, , read it again and pay attention this time. Florida has NEVER had union contsruction labor. I'd think you'd know that since you venture an opinion on it. Really! Someone tell the IBEW http://www.ibewflorida.org/orgnotes/060130_miami349.htm And thanks, so much, for the lesson on economics and how products, including housing, are priced and marketed. What you seem to be ignorant of is that classroom economics rarely have any bearing on real market practices. For example, the housing bubble in my area was due, to a large extent, on contractors ( whom I know ) who took advantage in the early days by buying up, at hugely inflated prices, three homes at a time in an area in which lots were cheap and on which they wished to build. I think it's good that you know the economics in your neighborhood. We all should. However, Miami, West Palm Beach and Orlando were all in the top ten of overbuilt cities in the country so it's more than just a few local contractors buying a few houses on spec. As far a understanding "comps" tell me your joking...or do you think knowing what a neighbors house sells for is a divine revelation. And please tell me that you don't buy anything because a "real estate appraisor" says it's worth $650,000! I would hope you know better than that...and that those "pre-construction loans" are there to buy the raw materials with prices jobbed out to specs that a bank feels makes sense on cost per sq/ft. That's mostly the rule of thumb my bankers used..but hey..maybe in Florida the banks lend money on an estimated selling price not cost price...Nice loan if you can get it. They used the "comps" ( I hope you know what those are ) made by real estate appraisers (whom I also know ) in order to obtain pre-construction loans from banks and to support their inflated asking prices for the finished product. And, yes, they used non-union, illegal alien labor to build them. THAT's how the free market often operates. quote:
good news for the guy who uses cheaper labor for the same end result. But very bad news for the worker who is trying to keep a roof over his own families head, feed them and educate his kids. Btw, if the working person ( think "workin poor " , a lovely term ) can barely make ends meet, then he/she can't possibly buy consumer goods ,new clothes for the kids and other essential things , like a new car, appliances or even take them out to dinner, a ball game or go on vacation. In case you aren't aware, cory, all this consumer spending is what keeps theU.S. economy humming. But wait, what's that silence... ? Oh yeah, it's not humming because, to a large extent, working people don't have the $$ and can't afford to spend. I thought we were comparing contractors using illegals verus those that don't. Now you want to talk about workers..an entirely different topic. Quite a passionate comment and I applaud you for your humanity. I only wish I was basing my opinon on "Classroom economics"...Please tell my banks that it was all a game and we were not playing for keeps. As far as Florida being not being
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