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Old 01-31-2009, 01:30 AM   #16
daytona
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of course Buffet would say that,his company lost %75 in third quarter profits and he is on the "adviser" team for Obama rescue team,Im going back into the market in June,Im waiting for the one of the Big three to show signs of a pulse which will offer a tiny hope of a recovery in late 2009.
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Old 01-31-2009, 02:14 AM   #17
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"buy with the rumor, sell with the news", why would you wait for a glimmer of hope... a glimmer of hope everyone else will see
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Old 01-31-2009, 02:39 AM   #18
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Job? What job?
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Old 01-31-2009, 02:56 AM   #19
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Yo dude. what are you guys building? Condo?

A lot of my friends from the construction industry are telling me things are slowing down.
The buildings that are excavated, are continuing to build, slowly but surely, but all the proposals that were in the go are all cancelling.

That's just how things are now. I suppose if there are doubts that the units can't be sold in a favourable time frame or if the are glaring problems with suppliers the project may crumble altogether. lol
Yeah were putting up 2 condos. Most condos I've heard of are:
going to close down once theyve reached ground floor. Right now we are stuck inbetween stopping on ground floor, or stopping due to the builder not paying the forming company. Things are really wierd right now!

Jay
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Old 01-31-2009, 03:12 AM   #20
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i lost 10 minutes a day 5days/week
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Old 01-31-2009, 09:38 AM   #21
daytona
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brother what condo projects are shutting down at ground level?...I know Mars project the crane is coming down and some condos are capping off at lower floors.
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Old 01-31-2009, 10:28 AM   #22
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I was laid off along with 45 others at Monarch Construction. Sales were bad and our "mother" company i guess you can call them, in the uk, was about to go under with billions in debt. The only thing that could save us was a buyer of our company but who wants to buy a home builder at this time? lol

but thank God for savings so times aren't so bad right now.
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Old 01-31-2009, 11:26 AM   #23
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I was laid off along with 45 others at Monarch Construction. Sales were bad and our "mother" company i guess you can call them, in the uk, was about to go under with billions in debt. The only thing that could save us was a buyer of our company but who wants to buy a home builder at this time? lol

but thank God for savings so times aren't so bad right now.
chris, I'm sorry to hear that man! I hope things do pick up in the spring for you and everyone! People need places to live no matter what! So building must go on!

I'm looking at getting into a 2 bedroom unit by monarch. The zip condo in liberty village. Did you happen to work on this condo? They seem to be a bit better than the units I was considering at Concorde cityplace at spadina and front area. Even those guys seem to be moving slowly on finishing.
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Old 01-31-2009, 11:39 AM   #24
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chris, I'm sorry to hear that man! I hope things do pick up in the spring for you and everyone! People need places to live no matter what! So building must go on!

I'm looking at getting into a 2 bedroom unit by monarch. The zip condo in liberty village. Did you happen to work on this condo? They seem to be a bit better than the units I was considering at Concorde cityplace at spadina and front area. Even those guys seem to be moving slowly on finishing.
Need money to build...
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Old 01-31-2009, 11:48 AM   #25
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Rendered honestly the project at Concord looks average at best,there are a few blogs regarding this project and the shabby finishes and the "unwelcome" visitors entering the condos.Like my GF brother said who was full time broker now a PT broker due to slow sales "go west for the best condos deals"..so anything west of Dufferin Street.
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Old 01-31-2009, 01:33 PM   #26
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hasn't effected me one bit, even there's no work at my dealer I still get paid just for being there, but we do have work, our cliental base is full of CEO's, VP's etc etc...they don't mind spending money even when times are rough.

hopefully with this slow economy I can purchase a larger condo unit for a reasonable price, so in reality I will benefit from all this, hopefully.
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Old 01-31-2009, 01:40 PM   #27
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a month after i was hired the steel company i work for. They laid off 30 or so guys because about 10 big jobsites got cancelled. i havent been working solid since dec wich really sucks.. but starting monday im back at our old site that is back up..the construction industry has taken a huge hit.
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Old 01-31-2009, 01:48 PM   #28
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Most people years and years ago told me "don't become a police office," the usual complaints of being a officer. Best decision I ever made was to take my "own" advice and become one All is well with my position

On the flip-side a few of my close friends have lost there jobs and have been hit hard.

Cousin - Optician, after years of service was bumped down to casual part-time service which means he can see a max of 25 hours in a week if he is lucky. He owns a 850k house, hard to make payments. Can't find full time hours anywhere

Friend - Truck Drive (owns 3 semi's) literally he has no dispatch calls or placements period. On top of that anyone that owns a truck knows how expensive it is to maintain and even fill up a tank. Very bad situation and will be looking at possible bankruptcy

Brother - After 11 years of service at a lab was let go suddenly, he was given a two year package / deal which was fantastic but I can see he is depressed badly and it hurts to see him like this.

Its horrible overall I am trying to help recruit and hope my brother will join the force, however not everyone is "made" to be an officer.

Hard times, good luck to everyone that is struggling "Dont give up"

Ciao
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Old 01-31-2009, 01:49 PM   #29
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a month after i was hired the steel company i work for. They laid off 30 or so guys because about 10 big jobsites got cancelled. i havent been working solid since dec wich really sucks.. but starting monday im back at our old site that is back up..the construction industry has taken a huge hit.
What steel company do you work for? We get all our stuff from Salit Steel.

Jay
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Old 01-31-2009, 02:08 PM   #30
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My dad was laid off not too long ago, hes a tool and dye maker. he was lucky to get another job......seems to be alright for now. the make parts for the refineries here, and some other misc things for other companies.
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