barbarus
Recycles dryer sheets
- Joined
- Aug 1, 2007
- Messages
- 433
I see locally a phenomenon that virtually everyone who reads this blog is observing, the continued building of residential and commercial structures.
My question is, what motivates a builder to continue throwing bad money after good? We have been sliding into a disastrous time for construction, yet they build on, be it spec house or entire development.
Are these guys idiots? Cock-eyed optimists? Do they have a way to game the system and come out ahead after all?
It would seem to be a case, to misuse Brewer's colorful metaphor, of pitching meringues down a black hole. Overall, the first loss really is the best. Why double down? Why not cut and run?
Any builders on this site who could enlighten us about whats up?
My question is, what motivates a builder to continue throwing bad money after good? We have been sliding into a disastrous time for construction, yet they build on, be it spec house or entire development.
Are these guys idiots? Cock-eyed optimists? Do they have a way to game the system and come out ahead after all?
It would seem to be a case, to misuse Brewer's colorful metaphor, of pitching meringues down a black hole. Overall, the first loss really is the best. Why double down? Why not cut and run?
Any builders on this site who could enlighten us about whats up?