Found out my HOA is caught up in a fraud lawsuit.

[neurosis]

You have Boeing to thank for that. The Tier 1's want fewer suppliers plain and simple. And since the knowledge, expertise and experience to start up something like that is difficult at best, buying up smaller or focused companies is the course of least resistance.

I do know that most of the tier 1 suppliers back in the day were getting worn out by the paperwork and constant audits. SPC requirements.  It was easier to give up and start contracting tier 1 suppliers that could absorb the costs. 

Some of the shops that were purchased by Primus didn't have to sell.  I knew quite a few people who worked for most of them.  The companies were gutted to please investors.  Now, when you try to talk to anyone they are cheap pickups who don't know squat about the industry.  Or at least it appears that way.

[neurosis]

Dontcha mean Berkshire Hathaway?
Beancounters love engineering 'cus it's easy - "look at all the money being turned over - if we cut our spend by 20% we'll make a fortune"
#VultureCapitalists

Them too.  All of the tool sales companies. 

Hold on here. Are we saying that some of these corporations are


bad? 

This is going to devastate @mkd

[mowens]

There's little to no product liability on the Space/Defense side... IOW, no incentive to not suck. And since the only primes left are Lockheed, Northrup, and Boeing...

The untold billions that Boeing have poured into the single use Space Launch System and the Starliner crew capsule have been rendered virtually moot by SpaceX. Boeing still has not had a successful crew flight of the Starliner, while SpaceX makes regular trips to the ISS. My brother made a lot of money working for Boeing on the SLS.
There is a crewed flight of the Starliner soon. I truly fear for the astronauts making that trip.

[CNCAppsJames]

I do know that most of the tier 1 suppliers back in the day were getting worn out by the paperwork and constant audits. SPC requirements.  It was easier to give up and start contracting tier 1 suppliers that could absorb the costs. 

Some of the shops that were purchased by Primus didn't have to sell.  I knew quite a few people who worked for most of them.  The companies were gutted to please investors.  Now, when you try to talk to anyone they are cheap pickups who don't know squat about the industry.  Or at least it appears that way.

Tort reform would help the paperwork and audit quagmire. Then again, in large corporations you have completely worthless oxygen wasting humans who's SOLE purpose in life is to justify their pitiful existence.

The thing of selling/not selling a business... I've seen companies sell that "didn't have to"... What Ive seen in a number of instances is there was no succession plan or the succession plan was going to be inadequate at best i so rather than fold up all the assets and close, selling the company seemed to be the best course of action. It's such an individual decision the relies an awful lot on the owner's compass and desire for legacy.

I had the pleasure of dining with two 3rd generation privately held companies this week, one was the President of Matsuura Japan (Katsu's grandfather started Matsuura in the 1930's) and listening to him talk about how he feels responsible for the 420 people (and their families) at the factory in Japan, how he started (sweeping the floors as a child), his thoughts on succession planning (his son Yuto will be taking over when the time comes - he's in his 30's now), etc... there's a LOT of companies doing things right. And some doing things wrong (:cough: yeah Dr. Mori I'm talking to you... you legacy sellout :cough:). Mori WAS a family business, the Doctor sold out. Definitely not the company I worked at in the 90's when the old man (Dr. Mori's dad) signed off on every company hire.

[CNCAppsJames]

The untold billions that Boeing have poured into the single use Space Launch System and the Starliner crew capsule have been rendered virtually moot by SpaceX. Boeing still has not had a successful crew flight of the Starliner, while SpaceX makes regular trips to the ISS. My brother made a lot of money working for Boeing on the SLS.
There is a crewed flight of the Starliner soon. I truly fear for the astronauts making that trip.

Boeing is NASA's darling. Boeing gets a pass, SpaceX gets scrutiny.

Somebody better get in there and right that ship and do it quickly. I feel like I'm watching a 1970's US Automaker shit the bed again... but it's Boeing this time.

[neurosis]

The thing of selling/not selling a business... I've seen companies sell that "didn't have to"... What Ive seen in a number of instances is there was no succession plan or the succession plan was going to be inadequate at best i so rather than fold up all the assets and close, selling the company seemed to be the best course of action. It's such an individual decision the relies an awful lot on the owner's compass and desire for legacy.

This wasn't the case. At least not with the ones that I knew.

Primus bought them for far more than they were worth. 

Now, if you want to make any money you have to work for SpaceX or Blue Origin.  I hate to say it, but I like the small shop environment. 

One of the guys (wont mention any names)was best friends with the original owner of the company that I work for. He still comes around and bullshits once in a while. He made out like a bandit and his Company was very well known back in this area in the 80's. My current boss was named after him. 

These days it's hard to find anyone who actually knows what it was to be a machinist. 

[Incogneeto]

Not to be a facetious butt hole.

Too Late!!!

[mkd]

I honestly don't know what the solutions is. I'm don't like gov regulation because lawmakers just make regs that benefit their donors, IE, big corps. I do feel like the all or nothing mentality needs to go away. Liberals have always been willing to call out big corp greed, but R's will defend it at all costs. That needs to change. The funniest part is the right claims to be the party of the Christian, yet the bible does not defend those greedy business practices, it actually condemns them. I guess the Olsteen type prosperity preachers have fully bent the word of God to support their views on money.

 I know what the solution Isn't. It isn't commie Karens in gov't or their Karen voting block that wants to rule by feel good decree. Free marketplayers doing what is in there best interest has not be surpassed. Communism has failed everywhere it's been approached.

That's correct; usury (interest) is sinful in the bible. I never directly called you a commie, and you never directly accused me of being a 'stupid party' Republican. I'm a (righty) Libertarian; there is a difference.  Come to the dark side, we have cookies.

[neurosis]

I know what the solution Isn't.

no you don't.  lol

You don't know what the solution is or isn't.  You just shill.

[mkd]

no you don't.  lol

You don't know what the solution is or isn't.  You just shill.

:burp:
  

[CNCAppsJames]

Shill he does... he's HyperShill's #1 shill. 😜

[neurosis]

Back to the original topic - I've been trying to get a hold of the HOA for six days and can't get a response from anyone. I've been told that I'll get a call and they never call.  lol.

I can't help but wonder if these guys are getting ready to sink.

:burp:

That came across a lot snarkier than I meant it.  It was the cocktails.   

[mkd]

Might have more luck getting info from their legal representation?

[neurosis]

Might have more luck getting info from their legal representation?

I talked to some people today who used to be on the HOA board. They had no idea what was going on.

I don't have the kind of money I would need to battle a property management company.  I'm going to see what my options are but really don't know at this point.

[mkd]

facebook group to form a pitchfork and torch rally.
get a competitive quote for insurance, and file a lien on the HOA for your portion of the difference. aka, play their cards.