ePilot22
BuyTheTicket~TakeTheRide
- Joined
- Dec 16, 2004
- Posts
- 903
Dave Benjamin said:Scenario 1. You own a house. The deck is badly deteriorated and needs to be replaced. You've got bids from several contractors ranging from $4000-$6000. You find out your neighbor 3 houses away is a retired general contractor and a master carpenter. He tells you he'd be happy to do the project for $2750. Since he's retired his schedule is flexible and he can start any time you'd like him to? Do you hire him or go with the contractor for twice as much?
Scenario 2. Same house. Plumbing needs to be redone. Turns out a neighbor is a retired plumber who used to have his own plumbing company. He's replumbed hundreds of houses just like yours. His bid is about half of what a regular plumber would charge. Who do you hire?
Scenario 3. Your wife swipes a guardrail with your car. You don't have collision coverage so the repairs are coming out of your own pocket. Body shop quotes 2500. Guy down the street is a retired body and fender guy who has been doing repairs and restorations since dents were filled with lead. He'll do it for a grand. Hire him or go with the shop downtown?
Scenario 4. It's tax time. You have a complicated return due to owning a few rental properties and a retail business. The fee at the place that normally does your taxes is $550. At a cocktail party you meet a guy that just retired as VP of accounting for a medium sized corporation. He tells you he has all the current tax software on his computer and that he does tax returns for friends and family just to "keep a hand in the business." He further explains that he wants to stay in accounting part time just to keep his mind sharp and so he doesn't get bored now that he has a lot of spare time. He'll do your tax return for $175 and a bottle of Ranch Zebaco Dancing Bull Zinfandel ($14). Who does your tax return?
Sorry Dave, but all your scenarios have one flaw.
What you lay out above describes a "one time" deal. Now, if I hired my neighbor down the street to do the work on my deck, car or tax return, then hired him/her to start a business and work on a full-time basis, the scenarios would fit the problem and reality a little better.
Hiring my neighbor one time to do my deck, sure. Hiring my neighbor one time to fly my jet ( I wish!), sure. Hiring my neighbor to manage or fly my jet full-time on a routine basis at a discounted rate, NO!
Besides my neighbor would have to be an idiot to work on decks every day at a discounted rate just because he's got some spare time or doesn't need the dime. If they're that well off, then take the full pay and give to charity.
These guys are right, people willing to work for less of PFT are undercutting the industry.
Just a thought...
eP.
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