Construction firms are collapsing after a loss-making boom, and 'massive greed' is to blame

 After witnessing four decades of boom-to-bust cycles in Australia's residential property industry, experienced Gold Coast developer Soheil Abedian puts the construction industry's current woes down to one simple reason: greed.

In fact, it's "massive greed", he says, that is a product of "the capitalist system that we have in Australia and the Western world — that everybody would like to have more and more profit".

He says the construction industry's current woes were created by too much government stimulus, short supply and unsustainable prices.

Read More: https://www.abc.net.au/news/2022-08-23/greed-construction-loss-making-boom-sees-builders-collapse/101334170



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