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Re: toncatmad post# 161563

Thursday, 04/07/2022 3:29:23 PM

Thursday, April 07, 2022 3:29:23 PM

Post# of 162903
Correct!

The sad part is the bigger the construction company the worse it is. Big companies with huge overhead will go under as they can’t get materials fast enough and with big jobs getting out on hold they can’t keep their employees working.

It’s going to get much worse before it gets better that’s for sure.



I watched this play out back in 78 to 82 under "jimmy". Only then it was 14% interest rates.

In all honesty, at least with 12-14% rates we got creative. Paying 3 to 5xs more for materials today means...the project STOPS!

We just placed a 100-unit complex on hold, which is painful consider the high demand. If you thought rents were high now, guess what happens when the supply slows down?

Yes sir, retirement for Vystar couldn't come at a better time IMO.

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