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re: The Texas Builders Association threatens GOP if they take away their cheap foreign labor
Posted on 11/12/26 at 9:58 am to stout
Posted on 11/12/26 at 9:58 am to stout
Yea, any cheap labor costs are not being passed on to homeowners. Construction used to be a simple business. Now, people not only can't do the work themselves, they don't even know how to. It is a complete mystery to them how anything works or is put together. If you're gonna pay a crew of guys to do something that you have no idea what they are doing or how to do it yourself, they can charge you whatever you're willing to pay. Roofs became the big ticket item, because houses got huge, and you really do need a team of several guys who kinda know what they are doing to complete the job. And if they mess it up, there's a good chance you'll know by the next time it rains.
Posted on 11/12/26 at 10:01 am to stout
quote:
I always laugh because about once a week I get an inquiry from a PE firm. All they see is I run a multi-state property management and construction firm, so they think they want to buy me out. What they don't understand is that there is very little room in my industry to raise margins since it's literally HUD-controlled. One day, I might not tell them that part and sell to them anyway.
Maybe you’re dealing with some podunk “private equity” firms, but don’t you think a legit shop would be doing its due diligence before making offers?
Posted on 11/12/26 at 10:03 am to Big4SALTbro
quote:
The PE guys piss me off, just seems like such a lazy dirty sleezy model they run.
PE is more than just the stereotypical buyout model.
Posted on 11/12/26 at 10:06 am to SlowFlowPro
quote:
rom a business perspective is I don't get how they can write off the cash/illegal payments and make it work. If anyone wants to explain that to me, I'm down.
What a ton of people fail to realize is how many illegals have work permits and get paid legally and/or how many have ITIN numbers and pay taxes, at least in the Hispanic community.
I have a buddy who works for a home builder who swore to me they only hire people here legally, I said I'm sure your company only hires people with work permits but are technically illegal. It didn't click until crews started getting picked up in the last 1.5 years that work permit=/=legal status.
Posted on 11/12/26 at 10:07 am to stout
Please insert slaves instead of cheap labor. That is exactly what is happening.
Posted on 11/12/26 at 10:08 am to Mo Jeaux
quote:
Maybe you’re dealing with some podunk “private equity” firms,
Why do you always come off as such a miserable tool?
quote:
but don’t you think a legit shop would be doing its due diligence before making offers?
Sure, and my business is profitable, very established in my industry, and there is still room for growth. The growth is expanding to other states, getting more clients, taking a larger cut from what I pay subs, etc so even with due diligence, I am confident I could sell to one.
I simply stated there is no room to constantly push higher pricing, as they have done in other industries.
Posted on 11/12/26 at 10:10 am to SDVTiger
quote:
Man Kirk would have been a formidable candidate for 28
The evil really took that chess piece off the board
Much more to this than a bent out of shape tranny.
Posted on 11/12/26 at 10:13 am to Mo Jeaux
quote:
PE is more than just the stereotypical buyout model.
Obviously, there are varying forms. No one said otherwise, but there are some that are strictly in the buyout and maximize-prices model of whatever industry they decide to tackle.
In the roofing industry, there is a pretty rich guy on YouTube who had no idea how to run a roofing company, but he bought a 50-year-old established one anyway and documented the ways he was going to raise prices. His previous experience was buying out laundromats and car washes.
There are tons of PE firms that operate the same way he does.
It's a pretty typical model but yes there are other types of PE investments.
Posted on 11/12/26 at 10:14 am to BCvol
quote:
All other industries operate under the same environment of entitlements. Why are construction and farm jobs different?
They arent
Posted on 11/12/26 at 10:15 am to stout
quote:
Why do you always come off as such a miserable tool?
I don’t know. Maybe it’s how you interpret things. You at the very least implied that some PE firms were making inquiries about buying businesses that they didn’t understand. I was just pointing out that any shops doing that wouldn’t be around for too long. I didn’t realize that you’d be so sensitive about the “podunk” description. I’ll try to be more careful in the future.
quote:
I simply stated there is no room to constantly push higher pricing, as they have done in other industries.
Cool. That’s only one tool in their kit.
Posted on 11/12/26 at 10:19 am to stout
Prices for the consumer doesn't even need to go up much. Every general contractor I know lives in a mansion and owns a 30+ ft catamaran. When i was a kid, contracting was a blue collar job. These guys got crazy rich on the backs of foreign labor. I have no problem gaming the system. But I'm a true capitalist and believe in letting supply and demand dictate the market. If they have to hire "expensive" domestic labor, and consumers are willing to pay more so be it. If consumers are not, then go out of business or go back to blue collar profit margins.
Posted on 11/12/26 at 10:31 am to EasterEgg
quote:
If they have to hire "expensive" domestic labor, and consumers are willing to pay more so be it. If consumers are not, then go out of business or go back to blue collar profit margins.
Earlier this year a rental house I bought needed to be rewired, but I also ripped out every single piece of sheetrock in it so it was like wiring a new construction. Not the same as having to wire a house full of sheetrock and insulation while crawling through an attic. Homeruns were able to be pulled using a ladder, so it was easy.
I got two quotes from electricians. Both were in the $14K+ range.
I said F that and bought the materials for like $3500 and did it myself
I know not everyone can do that but the point is that you are correct that some of it is optional and if more people say no then prices will have to adjust
BTW, the city told me that since I wasn't living in this house, they were not going to issue me a permit since I am not a licensed electrician. I then asked them why do they have inspectors if they are going to force people to use licensed electricians. The guy at the permit department asked, "What do you mean?"
A licensed electrician knows the code the same as an inspector so why do you guys have to inspect behind a licensed electrician? I said I figured you guys were there to inspect after DIY people. He said we do that too, but you can only wire your own house. Not a flip or rental.
It doesn't make sense at all. You can inspect my personal house then you can also inspect a flip or rental I did and sign off or fail it that same as you would do for an electrician.
I eventually got the permit and the power has been on for months with no issues.
We really need less red tape on bullshite like this so people can and are willing to do some of their own repairs.
Posted on 11/12/26 at 10:38 am to stout
Wed have plenty of people doing trades is schools had not been basically telling young men they are losers if they dont go to a 4 year college for the past 40 years
Posted on 11/12/26 at 11:12 am to stout
quote:
It's not that Americans won't do the jobs. Sure, some of it is, but that unwillingness would shrink with better wages on those jobs.
This would be shaken out over time by the market itself, but it can't because government's allowance of such labor end-runs keeps the market from seeking other solutions.
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