Vehicle prices are through the roof in my opinion because of charging what the traffic will bear and it will bear a lot. People don’t seem to care what the price is so long as they can afford the payments. That is so long as the lenders are willing. Same goes for houses. Stick framing lumber is up right at 400% in the last year and other building supplies have followed suit.
Why is anyone in their right mind building anything right now? Why is anyone in their right mind loaning money on a house that is so clearly over priced in a bubble? Why is anyone willing to move or buy in such an inflated market? Why is there no resistance to these exploded prices for goods?
Gasoline is merely going back to where it was pre-scamdemic. There should be no surprise or fear in that. It was historically cheap even before the prices fell.
Lumber and building supplies on the other hand have exploded and still show no sign of slowing. I sincerely hope this comes to a screeching halt and the suppliers choke to death on inflated price inventory and have to eat it all.
my point is, is that we are far from rich...getting by...but we have "enough" to live very comfortably....
yet we wouldn't even consider going out and buying a brand new truck or car....
these younger people are in debt up their eyeballs and they just don't seem to care.
> Why is anyone in their right mind building anything right now?
If you’re looking to sell it, you can almost name your price. Thats why. ;-)