In this episode of the Deconstruction Podcast, the hosts discuss the current economic climate, focusing on the impact of trade wars, rising costs in construction, and the challenges posed by government interference in the housing market. They explore strategies for contractors to navigate these uncertain times and emphasize the importance of community and unity in addressing these issues. The conversation highlights the significant increase in development charges and the implications for housing affordability, ultimately calling for a collective response to the challenges faced by the construction industry.

Takeaways

• Rising costs of materials are impacting quotes and project pricing.
• The trade war is causing uncertainty in the construction industry.
• Contractors should diversify their client base to mitigate risks.
• It's crucial to keep receivables tight and avoid unnecessary debt.
• Government interference is complicating the housing market.
• Development charges have increased significantly, affecting housing affordability.
• Community disconnection is a barrier to collective action.
• Contractors need to be proactive in preparing for economic downturns.
• Education on tariffs and economic conditions is essential for contractors.

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