Posted on 06/17/2021 3:46:05 PM PDT by blam
That’s good.
Is Blackrock still buying houses for >25% over list?
Yes
I don’t know, but I’ve been wanting to extend the back deck into a lower party deck so I can put a hot tub in for purely scientific reasons.
The prices have been so bad I haven’t even fixed some basic stuff like fencing.
Although occasionally I like to flex my wealth and shoot at my 100 yard target which is backed with OSB. *flex*
“This week’s latest housing report showed May permits plunged to the lowest level since October. The chart below suggest surging costs are halting new construction.”
“home buying intentions among consumers are at the lowest in two decades as lumber and other costs push housing prices to unaffordable levels.”
bidenomics fuchs construction workers as well as renters wanting to own their own homes ... of course, when dwelling prices skyrocket so does rents, so renters are double-fuched ...
Good because hurricane season is coming up and people need plywood.
Nothing short of mania seems to govern the market this last half decade. We are just limping out of a self made depression and copper and lumber went to new highs? Doesn’t make sense. My financial advisor wondered what I thought and I said I just can’t invest in equities or real estate right now. Just doesn’t make sense.
Most this lumber problem is artificially caused by the 5 or so major Lumber companies. Loggers haven’t got a raise. Lumber yard margins are still the same, mills, and transportation people aren’t making more money.
But Corporate lumber profits are going through the roof.
Bkmk
Say it three times fast:
Lumber bubble bursts
Lumber bubble bursts
Lumber bubble bursts
Been trying to get replacement windows for MONTHS.
BTW..hello, Leland (my fave talker.) I know you are reading our threads. 😊
Yup
Rents have to go up
Lots of landlords are paying mortgages that can be impacted
It would have been nice if there was a way to go to Home Depot, Lowes, or lumber supply, show a card and get the normal prices.
While the home builders, slamming up home after home after home, to accommodate the massive liberal invasion into the suburbs, have to continue to pay through the nose.
You have a backyard target???
I am so jealous…..
as well as renters wanting to own their own homes ...... if Wall St, hedgefunds and companies like Blackrock have anything to do with it, there won’t be any homes for renters to buy.
BlackRock owns America’s homes — and a whole lot else
I’ve said many times, the cure for high prices is high prices. Producers scramble to produce, buyers buy less or hold off, and prices start falling.
Out to 2500 yards, yes. You’re welcome to come try it as long as you’re a real American and not a closet liberal lover heh.
It’s amazing how people are amazed at the interplay of supply and demand.
They can give you a thousand reasons why things don’t make sense or are too high or detached from reality or too low (wages, or whatever they are selling) or secret central bankers etc. but supply and demand never crosses their lips.
If you can shoot out on your yard like that you're a wealthy man - no matter how much or little money you have.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.