Vystar Corp (VYST)

[dukeb]

VYST being garbage aside, I don't agree with your analysis here. I've spoken to several people who price out construction projects and every one of them tells me that they are busier than they've ever been. It's true that material costs are up (as are labor wages) but the work is there.

I also work with people who produce building permits and they continue to be swamped.

Bids for things like school projects are not coveted during boom times in construction for several reasons...just a few that come to mind:

* The contracts often include financial penalties if the project can't be completed by a date certain, say a week before schools are scheduled to open in the fall. If you can't get a key material due to supply chain issues (classroom doors, for example) you take it on the chin. So...assume you are going to be penalized and factor that into your bid.

* Along the same lines, the bid has to lock in prices for items where the cost might vary considerably from the time the bid is prepared until the time the material is needed on the job. So what does a smart bidder do? They come up with the "worst case scenario" and charge a big premium over the current material cost to make sure they don't lose money if the cost does indeed rise.

* Why sharpen my pencil on a bid when I can make real money making projects elsewhere? Sure, I'll throw in a sky high number just because why not, but that largely explains why the school's bids came in where they did. These guys are BUSY!

And nothing that I've read indicates that rising mortgage rates have put a significant dent in housing starts.

If folks understands what that means, they know that the building industry is under more than heavy pressure due to raising material cost.