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Money and Finances
Reply to "Contractors gouging or are the prices fair?"
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[quote=Anonymous] Profiteering. That's the word, OP. Building contractors have always worked this way, because their financial health directly depends on boom times. So in recession, when no one can afford repairs or renos, they fall over themselves for the contract and give you stuff at cost. In wealthy areas that are insulated from recessions, and in boom times (we haven't gone through the Covid backlog of people desperate to renovate their homes), they can pick the larger, more lucrative projects and pass on the rest, or increase costs on the smaller projects just to make it worth their while. [/quote]
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