Reno Prices Down?
So after reading some of the recent posts about varying kitchen reno labor costs, it got me wondering. Are contractors prices kind of down now because of the economy/lack of projects? I’ve heard this in the news lately but didnt know if it applies to nyc. We’re looking to renovate our kitchen…is now the time?
So after reading some of the recent posts about varying kitchen reno labor costs, it got me wondering. Are contractors prices kind of down now because of the economy/lack of projects? I’ve heard this in the news lately but didnt know if it applies to nyc. We’re looking to renovate our kitchen…is now the time?
Belief that we are headed to another great depression is reserved for those on the lunatic fringe.
READ MY LIPS: THE RECESSION IS ALREADY OVER.
BHO, again, there was no FDIC during the depression and there was no Minimum wage. Are you saying that a government will miracously LOWER minimum wage if there is a deflation?
You are correct on one thing, no one knows what tomorrow is going to bring. I might get hit by a bus tomorrow and die but I am still thinking about eating dinner tonight and sleeping and showing up to work tomorrow. That’s calling LIVING life unlike you and your bunker buddy The What.
BHO, no one asked here about Great Depression you educated fool. I used to think that you make a bit of sense but you totally lost me on this one.
The OP asked whether the kitchen labor costs were less now then before and whether he should be redoing his kitchen NOW.
Stick with the program kid.
Kensingtonian,
If the economy continues to get worse and competition stays fierce, he’ll have no choice but to lower his rates. Same thing works for liability insurance and worker’s comp – those rates can fall too. Deflation affects the whole economy. Whether up or down, costs are not just fixed indefinitely. During the Great Depression, people did anything to get by. Don’t sleep on what your glorified super would do. Things might be well today but that is a snapshot. The cameras are still rolling. Who knows where we are going. It’s logical to think the worse.
This is a very simple supply and demand discussion. Your details do not cloud the thesis.
I’m still not “so full of it”.
***Bid half off peak comps***
“The boom is over, but its not the Great Depression.”
I’m still not “so full of it”. Booms don’t peak and stay flat. They bust. The bigger the boom, the bigger the bust.
You’re right, it’s the GreatER Depression. Our manufacturing/production base is far worse. It’ll take a major war to get us out of this one.
***Bid half off peak comps***
BHO, I usually don’t get into your rants but you are totally full of it on this one.
The contractor (glorified handyman) I hired approximates his work on labor at about 250 bucks a day for him and 100-125 bucks a day for the day laborers depending on skill level (which is what he pays them) that he picks up on the street if needed. You actually think that in a bad economy he’ll go down to 50% of his rate and charge 125 bucks a day to do tiling and other work while keeping liability insurance and workers comp? That means he’ll pocket less than minimum wage. At that rate, he might as well go work as a cashier at Shoprite of some kind of union maintenance worker and just not bother doing physical labor.
nonesense, the media overplays everything, their job is to make normal people crazy and crazy people totally gaga.
realtors are hurting, developers are hurting, hedgefund guys will have to stretch out the millions and millions they made during the boom. The rest of us are more or less the same as ever. Those of us who save have lower balances n our 401K’s those who don’t, don’t.
The boom is over, but its not the Great Depression. Please.
10% is the unemployment number…more people are hurting than that…particularly in NYC. The folks that still have jobs aren’t getting anywhere close to the kind of money they were getting a few years ago.
Contrary to your comment, Minard Lafever, I think that the media severely understates the problem or “hype”