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Started By
Message
re: A 2x4 stud was $1.87 give or take just 2 years ago. $8.25 each currently
Posted on 3/27/22 at 10:13 am to Basura Blanco
Posted on 3/27/22 at 10:13 am to Basura Blanco
quote:
While that is certainly contributing to the blowing up of construction costs, in a lot of areas (gulf coast especially), it was a strong sellers market long well before covid and inflation.
Exactly. See this is the conundrum. In a real economy, yes prices would crash. We live in an artificial economy with an expiration date. When that date arrives it wont result in house prices plummeting, it will result in that 2005 100k house now being worth 10million dollars
This post was edited on 3/27/22 at 10:14 am
0
Posted on 3/27/22 at 10:15 am to Horsemeat
quote:what bubble?
This bubble is going to pop and it's going to be painful for a lot of people.
Posted on 3/27/22 at 10:16 am to stout
quote:
A 2x4 stud was $1.87 give or take just 2 years ago.
I’m not sure when a 2x4 was ever $1.87. Definitely not 2 years ago.
Looking at my quote from 2017-2018, a 2x4x12 was $5 and a spruce stud was $3.50.
Posted on 3/27/22 at 10:17 am to DomincDecoco
quote:
Goddamn you Vladimir Putin
Just a small price to pay to support Ukraine ;)
Posted on 3/27/22 at 10:17 am to stout
Stupid fricks keep voting Democrat.
Posted on 3/27/22 at 10:21 am to LSUtigerME
Looking at my receipts from a few years ago and purple studs certainly were hovering around $2
2x4x8 treated were $4.98 in July of 2020. Now they are $10.78
2x12x8 ft was $12.74 August of 2020. Now - $29.22
2x4x8 treated were $4.98 in July of 2020. Now they are $10.78
2x12x8 ft was $12.74 August of 2020. Now - $29.22
This post was edited on 3/27/22 at 10:25 am
Posted on 3/27/22 at 10:21 am to stout
Putin’s wood prices.
Posted on 3/27/22 at 10:24 am to stout
Posted on 3/27/22 at 10:24 am to stout
Biden’s Lumber Yard. 84 Lumber is now 8400 Lumber.
Posted on 3/27/22 at 10:26 am to BigPerm30
Building your own home with all the amenities doesn’t exist in communist countries. Starting to look familiar
Posted on 3/27/22 at 10:27 am to HogBalls
quote:
Stupid fricks keep voting Democrat.
You can lay a lot of this on MTV and their get out and vote crap years ago, getting people who couldn’t find a political principle with a road map, and had no idea how the government actually works, but wants to vote now.
Democrats aren’t stupid. They just find stupid, and get stupid to vote for them, and they do that by giving shite, and promising the moon, but delivering on nothing but pain and suffering for us all. They prey upon people’s single social issues, fears, and emotions, rather than concrete fiscal principles to actually run a flippin country, and everyone’s all surprised with the economy is in the tank, rampant inflation everywhere you look, and our enemies are doing as they will without any fear of consequence from America.
It’s a shite show, but it didn’t get here accidentally or because of intelligent and well thought out discourse over the course of years. It got here because the Democrats simply wanted power, and it didn’t matter what they had to do to attain it. They did it.
Posted on 3/27/22 at 10:28 am to stout
quote:
A few years ago the argument was we won't see a pop as bad as '07 because people have so much equity but I think that is being wiped out by the bidding wars for the new buyers. It will essentially be the same problem on a smaller scale.
Agreed. I almost got into this exact argument on here a few days ago but I've just been too busy.
People keep using the "lending standards are stricter" but the cash buyers are the ones really driving the housing inflation.
Even if theses houses are being bought with 100% profits from expensive areas, those people are going to lose a ton of equity immediately. That may not directly affect housing prices, but it's going to have negative effects across the economy. Money in the system will just go poof like in 2009 and that will create a crunch.
Posted on 3/27/22 at 10:30 am to LSUtigerME
quote:
Looking at my quote from 2017-2018, a 2x4x12 was $5 and a spruce stud was $3.50.
I mean yea 2x4x12. I am talking about 8' purple studs
Here is some more crazy info from looking at my receipts.
Studs
July 2021 $3.82
December 2021 $4.85
Today. $8
7/16 OSB
July of 2020 $12.05
November 2020 $24.25
November 2021 $18.15
Today. $48.
My digital receipts on Home Depot only go back 25 months but I can dig out paper receipts showing it was less than $8 before the summer of 2020. Same with wall studs.
This post was edited on 3/27/22 at 10:37 am
Posted on 3/27/22 at 10:32 am to Mike da Tigah
closely located 1000 foot sq new home construction is running 350 thousand, in Corpus Christi . 25 being built and all sold.
Posted on 3/27/22 at 10:40 am to SlowFlowPro
quote:
People keep using the "lending standards are stricter" but the cash buyers are the ones really driving the housing inflation.
Also, subprime still exists but in different forms. There are no 110% LTV loans now but money is easier than ever to borrow on all fronts. Not just mortgages. When you look at it as a whole, and consider the meager savings people have, it's not as cut and dry as people think.
We (my company) are now doing a ton of cash for keys for banks in several states. Cash for keys all but died 6 or 7 years ago due to a strong market. We would get the occasional one but they had become rare. This is just the beginning too. The word in the industry is the ball will really be rolling around May or June.
Posted on 3/27/22 at 10:42 am to BigPerm30
quote:
Build back better. What a complete failure. Make shite so expensive to where people can only survive with the help of big daddy government. They’ve figured out a way to slowly usher us to socialism and living wages.
To think a majority of Americans actually voted for this. Embarrassing.
Posted on 3/27/22 at 10:44 am to stout
Stout - I could use your help. House is borderline tear down from Ida (well over 50% mkt value in repairs and some structural issues), right after I was definitely thinking to tear it down but with prices like this considering saving all I can trying to rebuild. Currently renting in a place too small for us. Housing stock so damn expensive would either overpay on something on the market or rebuilding my house whether I save it or tear down and start new. Also would love to borrow yesterday but condition of my house makes it impossible to pull out “equity”. Starting to get hot, I have no electricity and don’t think any Sheetrock can be reasonably saved at this point. Made some progress with insurance recently but still have a gap in scope.
Just no good options at this point, any thoughts you may have would be helpful. Even considering renting for longer just to see if prices settle down but don’t want to try and catch a falling knife
Just no good options at this point, any thoughts you may have would be helpful. Even considering renting for longer just to see if prices settle down but don’t want to try and catch a falling knife
Posted on 3/27/22 at 10:44 am to StringedInstruments
Everything is insane right now. We bought our home 7 years ago for $155k and we literally had a real estate agent knock on our door last week asking if we would be willing to list it with then out of the blue for $310k. Shits just wild.
Posted on 3/27/22 at 10:45 am to stout
quote:
A 2x4 stud was $1.87 give or take just 2 years ago. $8.25 each currently
Well what did you expect to happen after Covid killed all the trees?
If only trees could wear masks...
Posted on 3/27/22 at 10:45 am to stout
How high is chainlink fencing right now? Did it follow all the other prices through the roof?
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