Construction costs are currently skyrocketing

Unfortunately, a high price for the tiler does not necessarily mean high quality. Whether the tiles actually lie as straight as desired is another matter entirely.

And another problem, at least in the past, was simply finding a tiler at all. They prefer tiling 100 sqm of industrial hall rather than a 6 sqm bathroom. I usually had to lay my tiles myself. Simply because the tilers did not want to take on my relatively small orders.

Our first construction company recently sent us a letter. It is possible to refer construction prospects and we would receive a bonus for a contract concluded with you. We built with them in 2020. I don’t know if they have done this before or if this is now a new way to improve the order situation. I suspect the latter, perhaps another sign that demand is declining given the current price and interest rate developments?

I don't know if they had done this before, or if this is a new means to improve the order situation. I suspect the latter, maybe another sign that demand is decreasing given the current price and interest rate developments?

They did it before, now again.
We are also receiving house construction catalogs in the mail again because we checked in 2021.
Our general contractor for the renovation is also extremely flexible and considerate (has not received any order yet).
So it looks like the market is currently shifting back towards the customer.

I also think that the wind is changing. In 2017, it blew quite differently. We were now able to choose the start date for our project. That is not always the case; some companies are apparently still very busy. But something is definitely happening. Unfortunately, at a high price level....

To illustrate the economic decline with a concrete example, I have to briefly talk about Adidas. And anyone who thinks such a company cannot go bankrupt is probably wrong. The business model of producing cheaply in China and then selling at a high price apparently no longer works.

Sales in China have dropped by 30 percent, worldwide even more. Meanwhile, Adidas has rented huge warehouses and accumulated 6 billion euros worth of unsellable inventory. That is madness.

So this is what it looks like behind the scenes of these so woke companies. The masses simply cannot buy a pair of trendy sneakers for 300 euros every six months anymore with rising food and energy prices. And it doesn’t help if you dump the crap cheaply at Penny.

It will be interesting.

Oh, is it doomsday again? That would already be the... 7th one I consciously experience. The Gulf War was the first, then came the dotcom bubble, financial crisis, wave of refugees, diesel scandal, corona... and now the interest rates... oh wait, Ukraine war, so the 8th.

How are construction prices supposed to actually go down? The collective wage agreements are breaking all records, energy remains expensive, especially electricity. Oh, and the shortage of skilled workers is intensifying.