Browse Forums Building A New House Re: Real property construction goes bankrupt!! 11Feb 11, 2008 4:34 pm Internal and External Building and Colour Consultant Online - Worldwide http://www.denovoconcepts.com Re: Real property construction goes bankrupt!! 13Feb 11, 2008 4:52 pm Internal and External Building and Colour Consultant Online - Worldwide http://www.denovoconcepts.com Re: Real property construction goes bankrupt!! 15Feb 11, 2008 5:34 pm Thanks gelly1 and to everyone for your kind thoughts and wishes.
I wasn't going to post on here about our situation because to be honest, i know this will sound stupid but i was actually a bit embarrased. I know it is not our fault that this has happened but you start thinking to yourself "Why did we have to pick this builder!!" " Maybe we could have done something differently!" But i realize that's it's just one of those things. Re: Real property construction goes bankrupt!! 16Feb 11, 2008 5:55 pm Quote: At least this way we know now that yes it's going to take a bit of time to sort everything out but at least we can stop driving past our block everyday hoping that someone was working on our house! We will probably get a better built house anyway!! I can just imagine how disappointing it was on your part to not seeing any progress to your site when you drive past your block. We know the feeling. We wish you the best on your next build... ----------------------------------------------------------------------------------------- Built the Nevada 42 Next project - landscaping! Re: Real property construction goes bankrupt!! 17Feb 12, 2008 7:13 am Don't be embarassed!!! The reason I posted this topic in the first place was I thought it might have affected someone on this forum and I wanted anyone to know that this is why we are all here. To give support to people in the same situation (building).
When no one had posted I was kind of relieved as I thought there might not be anyone on here that had been hurt by these jack*****. I'm so sorry to hear that I was wrong. I agree with Phoenix, you will find that your house will be much better built and by someone who wants to build it. Please let us know what happens on Thursday at your meeting. Jet Re: Real property construction goes bankrupt!! 18Feb 12, 2008 9:43 am As intrest rates head up (RBA talking about up to 4 more increases this year) we can expect a lot of turmoil in the housing market.
The lower end of the market is where it will show at first and then it will move up. House prices may stagnate, fall a bit or crash. The result will be a huge fall off in demand for new housing and a move towards rentals. This will cause more and more home building companys to fail with the resulting fallout for those building through them. The bad stories will feed already skeptical home builders and encourage them to back out. This is how a market collapses. The real question is whether the RBA knows when to stop (I'm not confident at the moment) and whether inflation can be brought down before the trigger point is reached. Once a certain point in intrest rates is reached, a growing market can suddenly and unexpectedly swing to a falling market - it is not a gradual process. Some think that as intrest rates rise, the market will naturally cool or slow down - but this is not the case, slow downs occur as a result of prices topping out (sydney), crashes occur due to changes in conditions (intrest rates). /END POINTLESS BLURB Essentially what I am saying is that we all need to be very careful when choosing a builder - more so that at any other time in the last few years. Personally I am a bit worried about my builder but we are too far down the road to do much about it - just keep our fingers crossed and push hard for completion. Watch out for some of the bigger builders too as they may get overstretched. Good luck to all who were with RPC, I would be very intrested in what happens to those affected. Re: Real property construction goes bankrupt!! 19Feb 12, 2008 9:54 am Zozomiester,
Just wanted to let you know that I admire your ready acceptance of what must be a harrowing experience and, please, do not be embarrassed - none of us have a crystal ball! enigma+family Re: Real property construction goes bankrupt!! 20Feb 13, 2008 8:51 pm This building group was featured on today tonight this evening ...There are alot of very unhappy customers and trades people that dont know what is going to happen next... and the guy who ran the company is still living the high life Hi Abraham and Vicky, we got the same letter. Officially on Thursday they went into liquidation through ASIC. I have attached the liquidation notice. Following up… 1 4861 You might be able to apply to divert the sewer at your expense. In NSW you would contact a Water services co-ordinator and they would give you advice as to whether or not… 1 16150 Ask for some kickplate to be added and also for tradies to be requested to use lanyards on tools on that side of the building. Be respectful and have the discussion… 1 1699 |