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re: Are Lumber Prices Ever Going To "Normalize"?
Posted on 6/13/21 at 2:46 pm to GAFF
Posted on 6/13/21 at 2:46 pm to GAFF
I always look at it like this - following the BP oil spill the prices of oysters skyrocketed bc shortage in supply due to the pollution. It has been many, many years since the spill, the waters are back to normal, but prices never came down. As you said, if there is still demand at the elevated prices, why would you voluntarily reduce them?
1
Posted on 6/13/21 at 3:10 pm to jfw3535
If prices are this high and the number of lumber isn't curtailed, then the price will never come down.
If we see a significant reduction in purchasing it'll come down until purchasing is resumed.
If we see a significant reduction in purchasing it'll come down until purchasing is resumed.
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