Posted on 04/14/2021 9:33:00 AM PDT by blam
Don’t most people buy a fixer-upper as a first home?
I saw OSB go from $8 a year ago to $39 now. Fortunately I don’t have to buy any wood. I’ll wait ‘till it comes down, even if it takes years.
ouch, building when costs are temporairly high doesn’t necessarily mean the house is worth more...
my husband just built three garden beds from free pallets....now, pallets seem to be hot commodity....Harbor Freight posted free pallets...maybe 50 or so...come and get em.....when we got there....all gone....
Seems this is just the beginning thanks to the progressives. Biden and Harris are taking us down.
Last week I bought two 3/4 inch 4x8 pieces of pressure treated plywood,$136.00 for both.
It’s not just the lumber/home market. Copper is up dramatically, oil has risen, raw plastics are in short supply, chip market is seeing drastically longer lead times.
Some of this has to do with last years layoffs and slow rehiring.
Some is due to people still getting govt monies and not rejoining the labor force.
Some is inflationary pressures from continuing to print.
Some is pure high demand. And I’m sure some is govts playing games with each other.
But - it’s across the board. My company has been attempting to hire folks for 4-5 months and hasn’t been able to make headway for the most part. We were lucky to place a large number of purchases immediately when COVID hit so we were front of the line for parts, but we’ve gotten past that and are now back with the herd with significantly longer lead times on everything.
The houses in Florida are mostly block now...the sky high prices are the democrats fleeing where ever they live....I have been seeing a lot of cars from California...
I have 25 acres of hardwood trees. This may be a good time to get it logged.
I need to finish the interior of my new shop building, but fortunately it won’t take much wood and I’ve already purchased a lot of it. I also already bought the wood for our raised gardens last year, so this won’t be very painful for me personally. Thank God, who has been looking out for us for a very long time.
Even fixer-uppers are outrageously priced now. People think, probably correctly, that these low mortgage interest rates aren't going to be around long now that Traitor Joe, the Ho and their cabal of incompetents are in charge.
Maybe they can build houses with Spotted Owls.
Here's a tip: PAY MORE.
Why the high demand when millions are out of work and thousands of businesses closed? I would think there would be a housing glut - a buyer’s market.
“Don’t most people buy a fixer-upper as a first home?”
Many younger people don’t like physical labor and want it now.
Lumber packages for a SFR that were in the $35K to $50K range are over $100,000.
So, printing money leads to inflation?
To the blogger who wrote this: If you can’t afford a a house/mortgage, don’t buy a house. Banks don’t “owe” you anything and you don’t have a “right” to homeownership. There is no shame in renting or living with family to save money to buy a place when the bubble pops.
>>Maybe they can build houses with Spotted Owls.
LOL!
Whaddya think? Wood just grows on trees?
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