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Brown Cafe UPS Forum
UPS Union Issues
COLA is a 33 cent adjustment to top scale
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<blockquote data-quote="Commercial Inside Release" data-source="post: 5627505" data-attributes="member: 93336"><p>The recent collapses of apartment & condo buildings, and two decades of flipping shoddily refurbished houses... Let's see how it works out for the institutional investors.</p><p></p><p>Things are going to have to give, before a whole generation is homeless. With the flip of a pen, permitting costs, and square footage requirements will be changed overnight. The institutional investors will have the rug pulled out from under them.</p><p></p><p>People just don't want $600,000 to $1,500,000 houses.</p><p>Cleaning a mcmansion sucks. Maintaining one even more, as costs spiral out of control.</p><p></p><p>Institutional investors do two things well. Price themselves out of the market, and run things into the ground.</p></blockquote><p></p>
[QUOTE="Commercial Inside Release, post: 5627505, member: 93336"] The recent collapses of apartment & condo buildings, and two decades of flipping shoddily refurbished houses... Let's see how it works out for the institutional investors. Things are going to have to give, before a whole generation is homeless. With the flip of a pen, permitting costs, and square footage requirements will be changed overnight. The institutional investors will have the rug pulled out from under them. People just don't want $600,000 to $1,500,000 houses. Cleaning a mcmansion sucks. Maintaining one even more, as costs spiral out of control. Institutional investors do two things well. Price themselves out of the market, and run things into the ground. [/QUOTE]
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COLA is a 33 cent adjustment to top scale
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