72 virgins????? I know I would have to be in heaven or dreaming.. lol
But so true on the Lead companies. They are for beginners in business or companies that have a reputation of burning Contractors & need new ones. The same applies to Residential Lead Companies.
They make money on Business that buy spots for their ads and from Contractors that haven't learnt yet & probably shouldn't be in business anyhow.
They are about as reliable as one who states they can build you a custom house for $100.00 per sq ft. Having a fixed price up front don;t make sense when stating a "custom" house. It sounds good, but how can one build another a "custom" house for a fixed price without first sitting down to decide what specs to go by? "Starting at" $100 per sq ft maybe. But it sounds good and it attracts inexperienced buyers.
And one thing that never makes sense to me is, "no one had an idea this was going to end".
I have heard this so many times since the slow down of the building boom. Makes one want to shake someone to wake um up.. lol
When homes sell for thousands more than appraised for and one does not believe house market will or could ever slow down, what planet they from???
Here in Charleston, SC, since 2002 I have been saying if house prices don;t stabilize things will go to hell and fast. Since early 2000 houses were selling here for more than appraised for and rose steady from then on. From 1995 residential litagation began increasing as well and is when an Engineer asked me if I would consider going into it, take over jobs where Contractors & Homeowners could no longer work together and Lawyers had been brought in. In late 1994 I closed down business building custom homes because the work force was getting so bad, it made it hard to maintain 10 good men let alone 28 as i had a few years previous.
From 1995 thru 2003 I could not keep ahead of the litagation work and kept 2 to 3 of them jobs going steady thru them years. Only when we discovered my wife was terminal in Oct of 2003 did I totally close down my business. After she passed away in May of 2004, I took time off and didn;t open back until late 2006 and only after constant calls from old customers requesting I return to work because of them not being able to find suitable Contractors for their needs. The majority of my customers are ones most Contractors prefer to stay away from, but their pay is great and to me, they are fantastic to work for. The reason most Contractors prefer to stay away from them is not they are hard to deal with or hard to collect pay from, it is where the work force has gone in the past few decades.
Don;t get me wrong there are some great contractors and workers out there. But both have steady customers as well as the good workers are secure in their jobs. Because any building boom attracts so many that should not be in business. Guys I fired because they could not make it working for me even as a helper or apprentice I ran into in business for themselves and working.. lol. I am sure so many of you can relate to this as well.
But anyhow, back to my point, anyone that has been in business for more than a decade in residential construction had to have seen this coming for years. Anytime one grows so fast and even has a hard time to make bank deposits and or invoice, knows this will not last...
Next time you hear one say "who would have thought this market would ever fall out or slow down", please restrain yourself from shaking that person back to reality and just ask them, how long have you been in business?? Then you will get your answer as to why they said what they did.. lol
Business is like the stock market, you don;t jump in to get rich over night, you jump in for the long haul and in the end you will reap the rewards.
If not, like with the stock market, you will be left scratching your head wondering why others did it and you hit bottom blaming everyone out there.
We will get thru this poor economic time and come out even stronger. For those that have been in this for the long haul, enjoy this time while we have it and there are some great deals to be had out there.
Remember the glass is half full, not half empty.
Happy Holidays to all !!! Eat well, sleep better, & hammer harder