Printable Version | Subscribe | Add to Favourites
New Topic New Poll New Reply
Author: Subject: Credit Crunch ???
Jon Ison

posted on 25/10/08 at 08:27 AM Reply With Quote
Credit Crunch ???

Contacted 5 builders recently, approx £2k worth of work, under a week to do, all five said the would come look see.

Of the five two bothered to turn up, one has quoted.

His quote is spot on as far as we are concerned he's starting Wednesday for 3 days.

So, is there a credit crunch, are builders unable to find work or did I just unluckily phone builders that don't want work ?


p.s sick of watching the news with bloody great big downward pointing red arrows all over the back drop and have given up on papers that keeping telling me the end is nigh..........






View User's Profile View All Posts By User U2U Member
Mark Allanson

posted on 25/10/08 at 08:48 AM Reply With Quote
If the media hadn't blown it all out of proportion I don't think anyone would have noticed - a self fulfilling prophesy





If you can keep you head, whilst all others around you are losing theirs, you are not fully aware of the situation

View User's Profile Visit User's Homepage View All Posts By User U2U Member
fesycresy

posted on 25/10/08 at 08:57 AM Reply With Quote
Jon, I totally agree, I now even turn the news off before it starts, because you know what the intro is going to be

A company could be flying making more money than ever, but still it's value drops.

Don't get me started........

By the way, I've a friend that's a builder (he employs about 40 guys) and only last week he says he's had the best years business ever.





-----------------------------------------------------------------------------------------------------

The sooner you fall behind, the more time you'll have to catch up.

View User's Profile View All Posts By User U2U Member
NigeEss

posted on 25/10/08 at 09:15 AM Reply With Quote
quote:
Originally posted by Mark Allanson
If the media hadn't blown it all out of proportion I don't think anyone would have noticed - a self fulfilling prophesy



Absolutely !





Time is an illusion. Lunchtime doubly so.................Douglas Adams.

View User's Profile View All Posts By User U2U Member
peteday_uk@btinternet.com

posted on 25/10/08 at 09:24 AM Reply With Quote
Couldn't agree with you all more. I work at a Honda dealership, we had a customer who said that she wouldn't buy a car at the moment because of the credit crunch! When the salesman asked "how has the credit crunch affected you?" she went onto explain that her heating bill has gone up by £60 this year. £1.15 per week!! the salesman said....

It was all media led, how does one bank not lending to another bank really affect me.......now the media have put their spin on it..........it might.

Sick of it........

View User's Profile View All Posts By User U2U Member
woodster

posted on 25/10/08 at 09:30 AM Reply With Quote
quote:
Originally posted by Mark Allanson
If the media hadn't blown it all out of proportion I don't think anyone would have noticed - a self fulfilling prophesy


spot on ... people reporting on the news so called experts like Bob Preston( not used his real name) are loving the down turn and there part in it . Positively drooling as they report job losses or shares falling ..... Bob Preston getting a semi on when he reports a rumour another banks in trouble

View User's Profile View All Posts By User U2U Member
graememk

posted on 25/10/08 at 09:31 AM Reply With Quote
my mates a builder who is really struggling for work yet knows i need a ext doing to my house and hasnt contacted me about starting it, to many years earning to much easy money i think....

its all media related scaring people into not spending






View User's Profile Visit User's Homepage View All Posts By User U2U Member
tomblyth

posted on 25/10/08 at 09:36 AM Reply With Quote
I have a small building team an I've just lost my 6 months of order book! so its effecting me! and the 3 lads that work with me! ( I build fast track enviromentally frendly houses /extensions look in my photos!
View User's Profile E-Mail User View All Posts By User U2U Member
Jasper

posted on 25/10/08 at 09:50 AM Reply With Quote
I run a retail business selling collectables and I can definitely say it's affecting us, we're trying to get rid of the lease on our shop (we've found another a fifth of the price) and we can't even give it away with 3 months reverse premium - so it's really not a myth .....





If you're not living life on the edge you're taking up too much room.

View User's Profile View All Posts By User U2U Member
locoboy

posted on 25/10/08 at 10:01 AM Reply With Quote
I am 2nd in command at a 4x4 breakers yard and although we have only been trading for 6 months now, we hit our VAT threashold in 5 months of trading.

Now you would think that the 4x4 market would be falling on its ass what with increased road tax, higher fuel prices etc etc, but we seem to be doing really well.

We are thinking that the general 4x4 owner will have been scared by the media into thinking they don't have enough money in their pocket to put their car into the main dealers as per normal for replacement parts, so they are being brain washed into going down the second hand spares route - which is great news for us.

We are selling more and more to independant 4x4 garages where the customer has instructed the garage to fit a second hand item as opposed to new.

Seeing as we specialise in land rovers we are in a win win situation at present because their parts are normally of sub standard quality and therefore dont last too lont but are grossly over priced on new items so we can still charge good money for good second hand spares.







ATB
Locoboy

View User's Profile View All Posts By User U2U Member
StevieB

posted on 25/10/08 at 10:38 AM Reply With Quote
Some good things cn come of the credit crunch too - if nyou;re in the market for a second hand car, the prices are dropping.

Caterham have a 0% finance deal on at the moment (which is a sod because I bought an Elise 6 months ago when I really could have got a Caterham cheaper if I'd waited) - however, I reckon that deal will last a while as thats how they;re going to attract customers for the near future.

View User's Profile View All Posts By User U2U Member
joneh

posted on 25/10/08 at 11:19 AM Reply With Quote
Same thing here - I sent off for a printing quote, around a grands worth and only 1 got back to me.

Just poor customer service IMO.






View User's Profile View All Posts By User U2U Member
Benzine

posted on 25/10/08 at 12:14 PM Reply With Quote
You know nothing of the crunch! You've never even been to the crunch!






View User's Profile E-Mail User Visit User's Homepage View All Posts By User U2U Member
Fozzie

posted on 25/10/08 at 02:54 PM Reply With Quote
quote:
Originally posted by Mark Allanson
If the media hadn't blown it all out of proportion I don't think anyone would have noticed - a self fulfilling prophesy


Right on the button there!

Fozzie





'Racing is Life!...anything before or after is just waiting'....Steve McQueen


View User's Profile E-Mail User View All Posts By User U2U Member
austin man

posted on 25/10/08 at 04:10 PM Reply With Quote
I thought it was only me struggleng to get quotes, Ive had the worst builder in the world put up a conservatory, so bad I kicked him off the Job I have contacted at least 6 builders to quote me for rectifying
the mess and have had zero quotes come in . So 6 months down the line I am still no further forward. Just have to rely on the trading standards and complete the work myself me thinks

View User's Profile View All Posts By User U2U Member
mr henderson

posted on 25/10/08 at 05:07 PM Reply With Quote
quote:
Originally posted by austin man
I thought it was only me struggleng to get quotes, Ive had the worst builder in the world put up a conservatory, so bad I kicked him off the Job I have contacted at least 6 builders to quote me for rectifying
the mess and have had zero quotes come in . So 6 months down the line I am still no further forward. Just have to rely on the trading standards and complete the work myself me thinks


You might get somebody if you pay a daily rate rather than ask for a fixed price. Rectification work is notoriously difficult to quote because of not knowing (without a great deal of inspection work (in other words, skilled time)) what the starting point for the new work is.

Problem with paying daily rates, though, of course, is keeping them at it, doing productive work, where every single delay means moremoney for the builder

Doing it yourself probably is the only realistic option, certainly the least expensive






View User's Profile View All Posts By User U2U Member

New Topic New Poll New Reply


go to top






Website design and SEO by Studio Montage

All content © 2001-16 LocostBuilders. Reproduction prohibited
Opinions expressed in public posts are those of the author and do not necessarily represent
the views of other users or any member of the LocostBuilders team.
Running XMB 1.8 Partagium [© 2002 XMB Group] on Apache under CentOS Linux
Founded, built and operated by ChrisW.