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re: Anyone follow lumber prices?

Posted on 2/2/21 at 10:32 am to
Posted by Art Vandelay
LOUISIANA
Member since Sep 2005
10708 posts
Posted on 2/2/21 at 10:32 am to
I just don’t see it coming down. Not enough to justify waiting. Unless you can wait until October. Get your shot done before it becomes more of a problem getting stuff. Then you stuck paying fees on your loan for taking too long. And if you are not borrowing you should. Rates are too cheap to use cash.
Posted by SlidellCajun
Slidell la
Member since May 2019
10501 posts
Posted on 2/2/21 at 5:22 pm to
quote:

just don’t see it coming down. Not enough to justify waiting. Unless you can wait until October.


Afraid that It’s about to go higher

Very large recent fire at a lumber mill in Mississippi is going to put a dent in the supply side

Posted by GoIrish02
Member since Mar 2012
1390 posts
Posted on 2/11/21 at 9:46 pm to
Thanks to you and others for this insight, I am getting to the same conclusion, that any slight savings won't be enough to justify waiting nor a large enough decrease versus our initial costs.

We're definitely borrowing, as much as possible, while being invested in the market. The low rates are the only thing that makes this big a swing palatable.
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