I got ECS apprentices pulling 270 a day at a data centre
Why aren’t people buying our poorly built shoeboxes for £500k?
Construction downturns are a bad omen for the economy.
They cant build them fast enough near me. Multiple developments in my town and I am currently watching a load of construction work happening from my office window at home.
Does this mean there will be outof work builders who will actually show up for the jobs they’ve quoted me for? Sweet
Is this actual firms going bust or more of the “parent companies took all the profit from the shell company” kind of bust.
It 2024, there’s a climate emergency why aren’t all new homes being built to passive house standards?
This is what happens when we have people in charge who believe they can stabilise the economy in the market for money rather than the market for labour.
Look how many months the Bank of England has hit their target over the last fifteen years. If you had a central heating system where the control mechanism was that bad you’d demand a refund from the plumber who installed it.
High interest rates cripples our housing production system (25 to 33% has gone over the last year), which means when we get out of this house prices are going to be even higher than before. This has been going on for a generation and it has to stop.
Years ago my surveyor Uncle bought a bit of land with planning and got a loan from a well known building company. Once the bulk of the houses were built the big firm started all kinds of shenanigans, withholding funds, double accounting etc. The police said there was enough evidence for a civil fraud trial but my Uncle was just broken by the end. The big firm repossessed the land and houses and sold them making a tidy profit.
A lot of people aren’t getting why there is still a lot of construction when firms are going bust
There’s been a lot higher tier firms go bust in the last 2 years – their subcontractors who do all the work missed out on years worth of money and have had to go bust
These smaller businesses will now fold into bigger ones (due to the massive labour shortages). Who will then expand too quick, risk going bust – or lose labour to new smaller subcontractors in the coming years
It’s kind of cyclical but the skills shortage and lack of investment in certain sectors has made this worse than normal
Its pretty crazy to bear witness to what’s the culmination of decades of poor fiscal policy, and the history of housing policy itself is fascinating.
Around world war 1, the government discovered it was easier to raise a competent, capable fighting force of citizens if they lived in quality housing. So the slums of the the Victorian era began to be demolished in favour of safer, secure housing. This period of time from the 10s to 70s was likely the golden era of socialist policies in the uk, and those policies were reinforced after world war 2 as the need for new housing stock exploded. Due to a combination of factors including strikes, it became apparent there needed to be changes to the socialist system.
Around 40 years ago tories discovered that transitioning housing from a societal requirement to investable asset resulted in a very reliable voting base. 60% of homeowners vote conservative. So when thatcher allowed for the purchase of council housing that tenants resided in, it was wildly successful and easy to implement because 1. Most of Britain lived in council housing at this point in time, and 2. The price the houses were being purchased at were very low relative to yearly income. The issue then became replenishing this purchased stock, which never happened.
We are experiencing the consequence of decades of poor fiscal, housing, and regulatory policy orchestrated or enforced almost solely by a single party. The vast majority of every issue Britain faces today can be traced back to one political groups actions over the last 40ish years.
And every week we get a Guardian “story” on how the housing crash is not a thing its really a blip and there is nothing to see here..
Country in a Housing Crisis with an endless demand for houses….. And construction firms are going bust.
Tells you a lot about the inability to create quality that is needed and wanted in such a demand-oversaturated market….
And/or
Upper management in government…
I’m a contractor for some major construction companies and honestly wouldn’t want to live in those houses even if I got one handed for free
14 comments
Doesn’t feel that way. Work everywhere
I got ECS apprentices pulling 270 a day at a data centre
Why aren’t people buying our poorly built shoeboxes for £500k?
Construction downturns are a bad omen for the economy.
They cant build them fast enough near me. Multiple developments in my town and I am currently watching a load of construction work happening from my office window at home.
Does this mean there will be outof work builders who will actually show up for the jobs they’ve quoted me for? Sweet
Is this actual firms going bust or more of the “parent companies took all the profit from the shell company” kind of bust.
It 2024, there’s a climate emergency why aren’t all new homes being built to passive house standards?
This is what happens when we have people in charge who believe they can stabilise the economy in the market for money rather than the market for labour.
Look how many months the Bank of England has hit their target over the last fifteen years. If you had a central heating system where the control mechanism was that bad you’d demand a refund from the plumber who installed it.
High interest rates cripples our housing production system (25 to 33% has gone over the last year), which means when we get out of this house prices are going to be even higher than before. This has been going on for a generation and it has to stop.
Years ago my surveyor Uncle bought a bit of land with planning and got a loan from a well known building company. Once the bulk of the houses were built the big firm started all kinds of shenanigans, withholding funds, double accounting etc. The police said there was enough evidence for a civil fraud trial but my Uncle was just broken by the end. The big firm repossessed the land and houses and sold them making a tidy profit.
A lot of people aren’t getting why there is still a lot of construction when firms are going bust
There’s been a lot higher tier firms go bust in the last 2 years – their subcontractors who do all the work missed out on years worth of money and have had to go bust
These smaller businesses will now fold into bigger ones (due to the massive labour shortages). Who will then expand too quick, risk going bust – or lose labour to new smaller subcontractors in the coming years
It’s kind of cyclical but the skills shortage and lack of investment in certain sectors has made this worse than normal
Its pretty crazy to bear witness to what’s the culmination of decades of poor fiscal policy, and the history of housing policy itself is fascinating.
Around world war 1, the government discovered it was easier to raise a competent, capable fighting force of citizens if they lived in quality housing. So the slums of the the Victorian era began to be demolished in favour of safer, secure housing. This period of time from the 10s to 70s was likely the golden era of socialist policies in the uk, and those policies were reinforced after world war 2 as the need for new housing stock exploded. Due to a combination of factors including strikes, it became apparent there needed to be changes to the socialist system.
Around 40 years ago tories discovered that transitioning housing from a societal requirement to investable asset resulted in a very reliable voting base. 60% of homeowners vote conservative. So when thatcher allowed for the purchase of council housing that tenants resided in, it was wildly successful and easy to implement because 1. Most of Britain lived in council housing at this point in time, and 2. The price the houses were being purchased at were very low relative to yearly income. The issue then became replenishing this purchased stock, which never happened.
We are experiencing the consequence of decades of poor fiscal, housing, and regulatory policy orchestrated or enforced almost solely by a single party. The vast majority of every issue Britain faces today can be traced back to one political groups actions over the last 40ish years.
And every week we get a Guardian “story” on how the housing crash is not a thing its really a blip and there is nothing to see here..
Country in a Housing Crisis with an endless demand for houses….. And construction firms are going bust.
Tells you a lot about the inability to create quality that is needed and wanted in such a demand-oversaturated market….
And/or
Upper management in government…
I’m a contractor for some major construction companies and honestly wouldn’t want to live in those houses even if I got one handed for free