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re: Crazy construction materials news I learned today

Posted on 3/2/21 at 6:03 am to
Posted by SlidellCajun
Slidell la
Member since May 2019
10631 posts
Posted on 3/2/21 at 6:03 am to
I’m thinking that prices are becoming unsustainable.

There’s just so much talk about it. There’s like 5 posts on this site alone about lumber and or building materials.
I was talking to a ups driver the other day and he commented that he wanted to build a shed but the price of lumber made it prohibitive.
My neighbor sells building materials and we usually only talk about sports and HIS kids but last week it was all materials.

I have a theory about the cost of things whether it’s housing, college tuition, stock market and now building materials- when everyone’s talking about the high cost, it’s a sign that things are about to crash.

This post was edited on 3/2/21 at 6:23 am
Posted by Art Vandelay
LOUISIANA
Member since Sep 2005
10730 posts
Posted on 3/2/21 at 8:08 am to
quote:

I have a theory about the cost of things whether it’s housing, college tuition, stock market and now building materials- when everyone’s talking about the high cost, it’s a sign that things are about to crash.


I don’t think there will be a crash. But it can’t sustain at these levels. But it’s crazy the amount of people that buy anyway.
Posted by SippyCup
Gulf Coast
Member since Sep 2008
6163 posts
Posted on 3/2/21 at 8:12 am to
quote:

I’m thinking that prices are becoming unsustainable.


I’ve been thinking this for 18 months now and I’ve been wrong for 18 months. I own a few vacation rental properties in NW Florida. One of the properties we purchased in 2018 for 592k. Last week, a new construction 3 lots down sold for 1.2mm. Same square foot as mine and cheaper finishes. It’s absolutely insane and I still don’t see how it maintains for much longer.
Posted by F73ME
SE LA
Member since May 2018
859 posts
Posted on 3/2/21 at 8:14 am to
quote:

when everyone’s talking about the high cost, it’s a sign that things are about to crash.


Or just a sign that we've been printing money like it's toilet paper.
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