[quote=urod][quote=Rt.66]
This is odd. So many contractors are out of work right now that they are bidding jobs at 1/2 the rates of 2006. Construction materials have come way down. [/quote]
Contractor do not bid jobs at 1/2 the rates of 2006. They still trying to charge their imaginary
year 2006 rates ($200-$300/h). I know that for sure – building a house in RB. And they prefer to be on unemployment, but not to work at normal rates.
And there are quite a few vacant burned lots for sale in RB with no permit fees, no school fees ( at least $40,000 value) to build. And they are still do nothing.[/quote]
I can confirm this. Contractors, are still bidding at delusional prices. And we interviewed contractors that were based up in Riverside. They’re semi-hungry – willing to commute. But not willing to drop their 2006 prices. We’re holding off on doing more projects because of it.