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re: Crazy construction materials news I learned today
Posted on 3/2/21 at 6:03 am to Eli Goldfinger
Posted on 3/2/21 at 6:03 am to Eli Goldfinger
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.
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 on 3/2/21 at 8:08 am to SlidellCajun
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 on 3/2/21 at 8:12 am to SlidellCajun
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 on 3/2/21 at 8:14 am to SlidellCajun
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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