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Low quality construction materials

Here is the place to discuss real estate crowdfunding.
alex_mercer
Posts: 12
Joined: Tue Feb 20, 2018 5:51 pm

Low quality construction materials

Postby alex_mercer » Wed Jul 18, 2018 2:53 pm

I've been investing in the real estate sector for over 2 years. It's a promising industry and there's so much money being moved across several accounts. The cost of raw materials and logistics have been increasing but, one thing I've noticed is that the number of projects is on the rise too.

That didn't sound right and I was more curious about the procurement of raw materials. Luckily, being in the trade has enabled me to build good relations with many contractors, suppliers, traders etc. Most of their secrets are hidden in their sleeves but a contractor revealed to me that there's a huge demand for counterfeit construction materials. That's what's reaping all the huge profits for the builders and construction companies. This is economically viable but certainly not human-friendly.

Personally, I feel it's mandatory to obtain construction materials that are trademarked and licensed by anti-counterfeiting technology. Moving forward, I've pledged to not get involved with such shady businessmen and work with real builders. A greater population of the world has no idea of what's happening; there have two solutions- either stop the use of counterfeit raw materials or reduce the prices of condominiums or villas.

Unrealistic expectations but something has to be done.

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