Developers largely depend on the public teat. In many cases taxpayers are paying for sewer, water and road extensions.
DSM Developer, Charity Founder, in Some Trouble
- Thread starter McLovin32
- Start date
I can see being a developer being an impossible gig when it’s at a large scale.
Dozens of homes being built at once, all kinds of bills, lots of employees, and contractors all wanting money constantly.
Seems like you have to charge a crap ton to make sure you indeed are making a profit or run the risk of being seriously upside down as soon as the housing market slows in the slightest.
Guess that’s why developers all are richer than rich or belly up.
Dozens of homes being built at once, all kinds of bills, lots of employees, and contractors all wanting money constantly.
Seems like you have to charge a crap ton to make sure you indeed are making a profit or run the risk of being seriously upside down as soon as the housing market slows in the slightest.
Guess that’s why developers all are richer than rich or belly up.
Yeah and then you have contractors not getting shit done on time or not showing up and city hoops to jump through. It seems like a crazy stressful life.
Not to mention rule #1 as a developer is never use your own money. So they have to borrow from everyone to make it through. No Thanks.
Pettit is on the run for the second time in a year
https://www.desmoinesregister.com/s...wa-johnston-developer-on-the-lam/76621980007/
https://www.desmoinesregister.com/s...wa-johnston-developer-on-the-lam/76621980007/
He has violated the terms of his release. He has missed a court appearance, travelled outside of the state without approval, failed to cooperate with his creditors as promised, and hasn't been living with his mother as promised. He is on the lam according to police.
Vaudt issued the national bench warrant Monday for Pettit after he fled the state, missed a mandatory court hearing Sept. 27 in connection with the three civil cases and violated the terms of his early release.
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