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Discussion Starter · #1 ·
The realestate market is almost non existant :laugh:

The greedy people are getting a reality check :hammerhead:

So it looks like I have made a good choice and got out of the construction industry 2 years ago. What is happening now is prooving to me what people told me to stick with a gauranteed gov't job was the right advice.

With realestate sales being non existant means new construction is almost non exsistant. With construction being slowest its ever been it looks like there will be quite a few guys not working this winter.

Boy its fun to see these people with overpriced houses get reality check that the market has turned off like a light switch. The people that bought overpriced houses are now stuck with them or end up foreclosing. I don't know how people can afford a 1800 dollar a month payment.

Realtors are saying its the worst they have seen it worse than the 1980s and it happened all of a sudden.

You guys said take a chance well I'am glad I didn't. I'am glad I didn't buy a tandem axle dump the guys with them are not working. You can't even give away a tandem axle dump.

The local excavation contractors are scraping the bottom of the barrel for work to keep working. I'am hearing some of them can't pay their bills or are way behind on paying bills. The equipement dealers don't want the equipment back because there is no sales for it.

Even the landscaping work has hit rock bottom the landscapers are looking for work. People can't afford a landscaper to do work on their property.

It sure is amazing what happens when the greed for money backfires :laugh:

The excavation contractors with equipment sitting but the payments for that equipment is still rolling in. They had no choice if they wanted the jobs they had to buy new equipment. The stress of 10 grand a month payments is taking the toll.

It will be a interesting fall/winter to see what happens.

What I find really funny is Vancouver/Lowermainland residents are going to realize the realestate bubble has burst.

What is happening now is justifying my decision to stay with a job I don't like. I may not like the job but atleast I'am employeed there will be lots of equipment operators unemployeed if the current trend continues. It is justifying the reasoning why people have said stick with the gov't.

You may have to do what you hate if you want to stay employeed.
 

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Yeah, and I and a bunch of other people took some chances a few years back, I now do what I want, still have work, and am enjoying life, have no payments and am looking forward to getting a good buy on some property. Why pizz on everyones parade. Things go up, things go down. We get it.
 

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Yeah, and I and a bunch of other people took some chances a few years back, I now do what I want, still have work, and am enjoying life, have no payments and am looking forward to getting a good buy on some property. Why pizz on everyones parade. Things go up, things go down. We get it.
yep, it takes is a big set of balls, and the will to make it work.
 

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yep, it takes is a big set of balls, and the will to make it work.
Actually, for once, GR is right:dizzy:-the sky is falling. For some businesses.

If you read most of the business publications today (targeted to small business in landscape, septic handling/pumping, small electric service, etc.) they all have an article devoted to surviving in a slow economy or downturn right now.

One of the tenets generally is that now is the perfect time to expand. Yep its contrarian. Expand when its slow. Read it again, expand when its slow if you can. Yes you need the will to survive and a big set of balls to manage it. Your competition is shuttling equipment, people, services to the boneyard. If you manage your business, have profits built into your pricing, you can move beyond just survive. You can grow and fill the vacuum left by your competitors not servicing their accounts or performing their services. When the downturn swings up, you will be stronger, better positioned to gain market share expanding, with little competition left in the short run to deal with.

Keep your eyes open for deals on equipment and new work. There are people out there that have money to spend.

They exist.
 

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The down turn in the housing market driven by greedy bank officers giving bad loans and people foolish enough to fall into it is certainly a prime cause of the current economic slow down (recession) but it also coincides with record high oil prices which has driven the cost of living up and reduced consumable spending. If you really want to talk greed, look at the oil company profits and yet they haven't built a new refinery in 20+ years. Housing has always had ups and downs and people can migrate to other sectors for work. But the two of these economic forces occuring simultaneously really puts the squeeze on everybody, not just the people with bad home loans. All we need now is someone to raise our taxes.................btw, keep your govt job GR!
 

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so you were scared to take a chance and work for yourself, and are trying to make yourself feel better for the decision you made, by saying how screwed everyone is???

let me tell you, you'll never make anywhere near as much as you could when working for yourself. when you work for someone else, you know you're going to make xxx amount of dollars for the rest of your life. when self-employed, the sky is the limit.

not everyone out there is as broke as you think.
 

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Yep, I'll be the first to agree that the economy is super slow this year. But, life is what you make it. I'll go back to landscaping or restaurant work before I go broke and give up. Actually, my biggest hurdle is getting through this winter, I'm not worried about next year at all. It can't be any worst than this year and spring work is being planned for right now.

Those of us not able to go out and fetch our own work in the field we work in are definately feeling it. The union has me strapped, I can't do anything I could've done a year ago in regards to running equipment. It does become a hinderance in slow times, especially for me right now because I can't even hustle a job with a union contractor until I have 1,200 working hours.
 

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Thats funny GR. Every concrete plant in my area is having trouble getting rock and sand quick enough to keep up. The quaries are loading all the can every day. One is loading over 500 trucks a day. And there is 6-8 more quaries in the area loading at least 300 a day. Sand is hard to find, with three large pits in the area doing all they can. But the economy is bad? Then what do contractos do with all the concrete and rock that they buy?
 

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Scag.....here is the admirable difference. You have gone out and done something. You have been proactive, moving forward.......you are part of the solution. I have no doubt that you will end up shiny side up. That other individual, during the same amount of time has done nothing to better himself, continues to whine and look to be taken care of, justifies inaction as positive forward movement. That particular type of mindset is becoming systemic in our culture........and is the problem.
 

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well, I haven't been to this site for a while. Been too darn busy. Theres only two of us, but we are both going flat out. My driver is getting burned out. 14 hour days all month, and no end in sight. I have a two week job booked for September and another one for October. Hate those because all the small stuff piles up and my regulars get mad at me. Sure hope you're right GR, because I really need a break.
 

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well, I haven't been to this site for a while. Been too darn busy. Theres only two of us, but we are both going flat out. My driver is getting burned out. 14 hour days all month, and no end in sight. I have a two week job booked for September and another one for October. Hate those because all the small stuff piles up and my regulars get mad at me. Sure hope you're right GR, because I really need a break.
would be nice if things slowed to a reasonable pace, maybe I could spend some time on my new boat.
 

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Discussion Starter · #15 ·
The only industry in most areas of B.C. now is realestate sales. Bare land is sold and houses are built or people buy a house and tear it down and build new. Well the realestate market has dried up.

We may not see a 80s recession but it will be close with job losses and people so far into debt they are barely making it.

I find it surprising how quickly things have turned from the gravy train to sour milk. Contractors went from busy as h*ll with 2 years of work booked up to worried about finding work. The excavation contractors had people waiting a year to get a job done. Now the go day to day waiting for a job.

Going to be curious to see how many contractors will be doing next year. They are already squabiling over work a few contractors are moving out and going somewhere else.

The biggest problem is 10 years worth of work has been done in 5 years. Jobs that usually would have taken week to 2 weeks is taking 3 days. Contractors were working 7 days a week 12 hours a day.

No niche markets anymore a excavation contractor does it all. Landscapers have excavators and dump trucks.

Too many people in the pool its forced all the water out. Homeowners buying mini excavators to do their own work. Every Ritchie Bros auction homeowners are buying up used mini excavators.

The contractors that have been in the business for 25-30 years probably say enough is enough and retire. The good years are gone and excavating isn't profitable.
 

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The realestate market is almost non existant :laugh:

So it looks like I have made a good choice and got out of the construction industry 2 years ago. What is happening now is prooving to me what people told me to stick with a gauranteed gov't job was the right advice.

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Yeah your safe LOL

Gov. Arnold Schwarzenegger plans next week to slash the pay of more than 200,000 state workers to the federal minimum of $6.55 per hour to help ease the state's budget crisis, according to a draft executive order obtained by The Chronicle on Wednesday.

The governor also will order an end to overtime pay for all but critical services, a freeze on state hiring and the immediate layoff of nearly 22,000 temporary, seasonal and student workers.
 

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Yeah your safe LOL

Gov. Arnold Schwarzenegger plans next week to slash the pay of more than 200,000 state workers to the federal minimum of $6.55 per hour to help ease the state's budget crisis, according to a draft executive order obtained by The Chronicle on Wednesday.

The governor also will order an end to overtime pay for all but critical services, a freeze on state hiring and the immediate layoff of nearly 22,000 temporary, seasonal and student workers.
is that true? cuz i just cant see that happening. you know how many people will go bankrupt.
 

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is that true? cuz i just cant see that happening. you know how many people will go bankrupt.
Its true wether it happens is a big mess right now, Our Federal and State Govs have become so inept and with bickering they get nothing done. Arnold says the State of Cal is bankrupt and apparently can do it, I belive he is really trying to get the lawmarkers together and come up with a better solution so he is forcing their hand and getting the public in an uproar to put pressure on the politicians to do their job.
 

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VALLEJO (CBS 5 / AP / BCN) ― The city of Vallejo filed Friday for bankruptcy protection to deal with a ballooning budget deficit caused soaring employee costs and declining tax revenue.

The Bay Area community of about 120,000 residents is the largest California city to declare bankruptcy, which will protect the city from its creditors while it develops a plan to return to fiscal health.

Mayor Osby Davis said the city's attorneys filed papers electronically seeking Chapter 9 bankruptcy protection in federal court in Sacramento just after 11 a.m.

"Those city workers salaries comprise about three-quarters —$74 million— of Vallejo's general fund budget.
 

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Discussion Starter · #20 ·
The gov't company I work for is cutting costs but my wage is fixed for the next 4 years till the new contract comes up.

Working for a excavation contractor now isn't a lifetime career anymore. The way things are going you could be laid off tommorow.

Untill the cost of living comes down people can afford to do anything the work will be slow but I don't think anybody thought it would be this bad.
 
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