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Big Offsite Week |
October 10, 2004 |
Well a lot of action this week, but off the building site unfortunately.
A further progress payment was due, and on the due date, the bank decided to tell me that they will not make any further payments until I have found the additional $20,000 required to make up the mortgage/cost shortfall. I knew this amount was required, but had discussed with the builder to pay this at the end. But as the banks do oh so often, they decided that it needed to be paid up front. If they had told me this 5 months ago when the shortfall was identified, things would have been different!!!
Of course my next problem is, what happens when the cost of the house goes up again? Like it did this week when I did the electrical plans. An increase of another $3,000 is likely, so will the bank hold payment AGAIN until that amount is paid?? Its no wonder that the banks in Australia are among the most profitable businesses in the country!
Well after all that, a little action did happen on the block. They managed to get the plumbing hooked up to the mains. And then on Saturday (yes the weekend) they delivered the first parts of the framework.
Posted by grahamh at October 10, 2004 04:20 PM