Construction costs are currently skyrocketing

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.

I also like the stories from Durran every now and then – on TV it would be preceded by "Stories from the Paulaner garden"...

You can count the people who take him seriously here on one hand, after 45 years as a pensioner in a sawmill ;)

Topic:
Internorm is raising prices on March 1st... However, I don't know by how much...

I also like the stories from Durran now and then - On TV they would still say "Stories from the Paulaner garden" before that...

Now the penny has finally dropped. I've been thinking all along that I've read similar stuff somewhere before :cool:

Construction prices will not decrease but will adjust downward again as high collective wage agreements (8%+) provide more salary to afford building at stable prices. And of course, companies can no longer fully exploit their generous profit margins.