The wondrous adventures of Sinn Fein (part 3) Mod Notes and Threadbanned List in OP

No they won't. Thats not how business works. Experts and professionals take paying jobs every day.

Exactly. The prevailing market rate they sell at sets how much profit, on top of costs the buyer is paying for.

Selling public land for a percentage of housing is something I'm against.

It didn't fail in the past. We went from slums to housing hundreds and thousands all over the country.

On a small scale leasing or renting is a good option for people on lower incomes. Not a country. I would hope neither SF nor any other new government would enter into such stupid deals.

There's no clause. Leasing luxury or regular apartments instead of building is not a good deal. Instead of putting families in state owned housing and charging rent we are putting them 8n privately leased properties. On a short term small scale, maybe. But not long term and so broad. Its bad for the tax payer.

Seriously? Are you suggesting we buy hospitals off daft.ie? We have a government who are either on the take or incompetent. Thats part of the problem we have with the NCH. The finance and previous health minister were not keeping an eye on it and played, I hope for their sake, dumb as regards oversight. Its a ridiculous situation that it seems nobody was keeping an eye. They don't do accountability after all.

I thought we both knew a developer wasn't a one man band and it didn't need spelling out. Earlier I said he wouldn't be sitting watching brickies all day. Any way.

Here's a list of companies that will build followed by some websites from companies that will design and build for you. They do it for other people all the time. In fact their websites have examples of projects were they were paid to carry out designs and builds and they got paid I imagine.

They'll have a price they want paid built in. Thats not profit. You don't know what profit is.

It happens all over the world every day. I posted links to companies bragging about works they designed and built for people. I think some of you are so indoctrinated to the current way of doing business you have trouble conceiving anything else.

Yes. Based on a decade or data I can confidentially predict it will be worse than today. Unless we change policy in the interim.

So you consider your weekly wage packet 'profit'? I've said all along they would get paid, even completion bonuses in some cases. I'm not sure were I lost you.

Costs would include wages.

Can you explain what you believe it means or like blanch are you confusing it with payment?

They can add what they like. It won't be based on profit. There is no profit in that scenario.

Profit is what you make after expenses and paying yourself. There is no profit in working for someone, there is payment.

If you pay someone to build a house to live in. No profit.

If they build a house and put it on the market. Anything they get for sale above costs and paying themselves their fee, is profit.

We avoid that higher pricing by building, not buying.

I cannot be more clear.

Developers do not work for free until if and when they sell something they built. They pay themselves and factor that into costs, be they building for themselves or others.

What do you call the money people make on the sale of a property they built, having paid the taxes, materials, land, construction crew and themselves?

Do you not see if I built a house and it cost 300,000 all in, with myself paid for my time. And I sold it for 400,000, the 100,000 would be the profit. So I'd be paid for my work and make 100,000 profit.

Now if I was paid by somebody and they covered all the costs and all in the build cost 300,000. They'd have a house for 300,000 instead of buying it for 400,000. Thats a saving of 100,000 in this scenario.

No I haven't. You are confusing payment with profit. You are paid for your time and work. Thats payment not profit. Where is the profit for you in me paying you to dig a hole?

Nobody. You lose 50,000. Thats business. Not every business venture makes a profit. Maybe get a job building for others.

Lots of developers went out of business after the Celtic tiger bubble burst.

Yeah, none of that makes any sense.

If a company quote you a price you pay that price. If they can't do their sums that's on them, unless you have a contract which allows for certain eventualities.

Okay. No problem.

Because some people like to do paid work with no risk of loss. Also they don't need pay out any money, just work and get paid. Some companies do both. What sane builder will turn down paid work?

As I said, I listed numerous websites linking to companies who will build you a house if you pay them a fee.

To recap;

If you build for 300,000 all in and sell for 400,000, that's 100,000 profit.

If you build for 300,000 all in and sell for 250, 000, that's a 50,000 loss.

That's business.

If you get paid to build a house, that costs 300,000 all in, you get paid and the client gets a house.

If the client buys at market they could end up paying 400,000 for the same house.

It's been fun times but I'm just repeating myself.

Nobody has showed me why buying is cheaper than building. Why would anyone bother their arse building, they'd make no money by that logic.

I posted what profit is. I suggest you read it.