The Expert Podcast

Building contracting has always been a very challenging industry, but the New York Times came out with an article this week about how the quality of work for many contractors is really, really deteriorated. Part of it's because skilled trades people, skilled labor people have left the industry. It all started uh really now almost 20 years ago. started in 2008 2009 when had the housing crisis and a lot of people who had been contractors builders for decades even even second generation families got out of the business and it wasn't replaced and then it wasn't until 2017 18 when there was a demand again for construction that builders need to get back in and the people who are retired they're long gone they're not you know they're not going to come back into the industry so there were fewer builders to get back again and there wasn't as much work to go around.

So people didn't learn as fast, people didn't learn the trade as fast and now what it's end up with is inexperienced workers, sketchy business practices, and low margins. That these contractors, they don't know what they're doing. They don't know how to run a business and they're not making any money. Which means that puts you as a client in a very bad place because if you give them money, even if they do the work, it's not going to be that good. It won't be up to up to snuff and they might not even do all the work that was contracted for.

There's all kind of stories about contractors and subcontractors that are taking people's money and not doing good work. So, it's very hard to find quality trades people, people that know what they're doing, people that have years of experience. Uh even to do basic uh handyman stuff. Forget about electrical, plumbing, skilled trades, even framing. It's very hard to find those because those people just aren't in it anymore.

And the money's not good. And if the money's not good, they're going to do something else. They don't have to be outside for 10 12 hours a day, work six days a week, uh, and be in a very, you know, high physical exertion environment. So, the contracting trade is is limited and that's also hurting home builders because they don't have enough people to put together a um a contracting job to do a spec home or to do a remodel.

Meaning you will be back in your video in just a few seconds. In the meantime, remember that actualhum.com offers you live one-on-one private video consultation with an expert in this exact subject. We want to listen to your story. We want to hear your questions. We want to give you expert advisement of your options and tell you what we know about your particular situation. Now, back to your video.

Thank you for watching. Remember, you can access live one-on-one personal consultations with a licensed private investigator, a licensed commercial uh insurance broker, licensed certified real estate title examiner, also a certified civil court mediator. So, if you have a need to talk to an expert in any of these fields or even a licensed building general contractor, you can click the link below, actualhum.com, and arrange a live one-on-one undivided attention with a licensed expert where you can ask any questions, get information about your situation, and we'd be glad to.