17
Are Homebuyers Getting Scammed…We Returned to the $2M Disaster (ft. FriendlyJordies)
(www.youtube.com)
this post was submitted on 20 Apr 2024
17 points (87.0% liked)
Melbourne
1866 readers
48 users here now
This community is a place created for the people of Melbourne and Victoria. We are a positive, welcoming and inclusive community. We might not agree about everything, but we always strive to stay civil and respectful.
The focus of our discussions is based around things that effect Victoria, but we are also free to discuss our local perspective on wider issues. Or head to the regular Daily Random Discussion thread to talk about anything.
Ongoing discussions, FAQs & Resources (still under construction)
Adoption Certificate for Nellie, the Daily Thread numbat (with thanks to @Catfish)
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
How do builders get away with this shit, the legal system is an absolute joke in this country.
It is currently the only domestic retail industry. Previously, there was automotive, but over time, the secondary automotive manufacturing (parts and components) was outsourced overseas (because it was cheaper by cents-in-the-dollar), which was the beginning of the end.
The building industry is still supporting the secondary industries of building materials. Forestry, plaster/concrete/brick manufacturing and other bulk industries rely on builders to stay solvent, so they do get a fair bit of leeway.
With the cessation of the Home Owners Grants and other corporate welfare, the builders Ponzi schemes are starting to collapse and the national economy cannot afford another major fizzling out of another major industry. Builders can’t squeeze their suppliers any more, so the only way they can continue is to rip-off their retail customers.
They could still be punished