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by eagleinparadise
330 days ago
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I work in commercial real estate. There are massive amounts of monopoly/duopoly interests in construction. Want to build affordable housing? Well if you are taking public dollars, you have to work with certain vendors which are approved and meet certain qualifications. Guess what, only 2 electrical vendors are approved! And so they work together and act as a racket to hold your project hostage unless you meet them on their terms. Actually had a call today with an exec with one of the largest construction general contractors and this topic of "we can't do XYZ project [e.g. compete in that type of project type... driving costs down through competition] because we hire ABC union labor and it would screw us and our relations with the unions we work with." Every developer has a war story of getting burned exactly in some way by being beholden to political or labor issues. This results in higher costs... which ultimately is one of the main issues among others. |
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