COMMENT OF THE DAY: THE ROYCE BUILDERS LEGACY “I think the real story is all the trades and other businesses who wound up getting stiffed out of tens of thousands of dollars in some cases. Royce was a poorly managed company… especially in its final year. They built an empire building houses on credit and pocketing entirely too much cash. When the loans on new starts stopped, Royce found themselves way over their heads in debt from the thousands of spec homes sitting on the ground. But the cash was in their pockets… so they walked out and left all the trades and homeowners to drown. Anyone ever stop to think how this effected small companies like Conkir Electric or all the painters and sheetrock crews who worked for pennies anyway?” [Former Royce, commenting on A Chance To Relive All the Excitement That Was Royce Builders]
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You bet! It’s an instance where the ripples out-size the initial splash.
And it’s compounded when builders, such as Ryland, change to a bi-monthly pay-period while Subs need to pay their people weekly in cash.
“worked for pennies anyway?”
“need to pay their people weekly in cash.”
Pay taxes much? my heart is bleeding
what bank now owns the sub dividions in NC and around the country??? we have tried to find out but all tax records still go back to Royce Builders and of course all their phones of off-could you supply this information as we are looking to buy one or more to finish
I worked for a builder that did this as well. I think A LOT of builders did this and probably still do this. I know quite a few builders and there are a handful of reputatable builders. The rest are thieves. AND the one I worked for claimed to be a wonderful christian. He was always preaching values, etc, etc and in the end turns out he was one of the most evil people I have ever known. He cost a lot of people a lot of money and he is still attempting to do his thing. I just pray karma gets him. Royce is just one of many and if you disagree you are fooling yourself. I was in the building industry for a year and a half and never saw so much deception and outright thieves.
AND the one I worked for claimed to be a wonderful christian
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I’ve learned when people talk about “being a Christian” to run as fast as I can.
Remember Chuck Rosenthal and his “WWWJD?” bracelet?
Apparently Jesus would lie, cheat, and steal his way to heaven on earth.
@ Matt Mystery: You stole my life philosophy! I have discovered that the more someone flaps their gums about religion and the depth of their faith and Christianity, the faster you better run. I call it “convenient Christianity” and it appears to be all the rage. It is a ploy specifically designed to throw-off vendors and mask the perpetrator’s true agenda.
As a small business owner, the two most unethical and dishonest clients I ever had were ‘convenient Christians’ (one prominent Catholic and the other a born-again) and both stiffed me as well as their subcontractors for many thousands. They each apparently believed that lying and cheating were chapters of the Bible and one of them demanded that his staff find other vendors to cheat when the ones he hadn’t paid refused to do work for him. This particular azzhole liked to open our meetings with a prayer.
The other f*cktard contributed so heavily to the co-Cathedral in downtown Houston that the Cardinal personally invited him and his family to the first Mass. Shortly after, he shut down his office, fired most of his staff and moved the remaining two employees to a model home. Then his alcoholic wifey came onboard to ‘manage’ the ‘staff’ with her wine-fueled rants and rages and would instruct their accountant to lie to vendors about payment.
If that’s Christianity, I’ll pass. AMEN!
The other f*cktard contributed so heavily to the co-Cathedral in downtown Houston that the Cardinal personally invited him and his family to the first Mass.
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Yes well the story of the co-cathedral pretty much sums up the priorities of the Catholic Church and several parishes objected to the cost of a co-cathedral that really wasn’t needed since we already had one and which seems to be a monument to the cardinal more than anything else and the parishes were in essence told by the cardinal to “go and sin no more” as in “shut the f__k up.”