I am riding the multi-family construction tsunami in northern California (in what I am calling the new fertile crescent--from Fremont around San Jose, Santa Clara and up the peninsula to Redwood City). As a trade subcontractor we were nearly bankrupt a year ago with only one project on the books. Now we have 14 projects booked for $30+ million. Only things I have learned here at EPJ and at mises.org keep this in perspective for me and I have personally prepared myself. Our only struggle is how to take advantage of this huge influx of work without over investing in capital so that we can scale back when the crash comes. It seems several times a week, I have a conversation with someone in the industry who says "looks like the economy is finally getting better" and I have to remind them that we are just in another bubble.
Wednesday, December 12, 2012
The Multi-Family Northern California Construction Tsunami
Lifted from the comments:
at 9:48 AM