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re: A 2x4 stud was $1.87 give or take just 2 years ago. $8.25 each currently
Posted on 3/27/22 at 12:13 pm to StringedInstruments
Posted on 3/27/22 at 12:13 pm to StringedInstruments
quote:
So people can either afford this shite just fine or the credit card business is swimming in people’s future problems.
This. When there is a small hiccup which a big one is coming the shite is going to hit the fan hard.
0
Posted on 3/27/22 at 12:21 pm to StringedInstruments
quote:
The car salesman told me yesterday that they can barely keep cars on the lot because they sell so fast. Despite the gouging prices.
You do realize they get relatively little inventory right? So there is some pent up demand as you can’t simply buy from a selection of cars whenever you want.
Posted on 3/27/22 at 12:24 pm to biglego
quote:There ya go.
I must be the only person who isn’t up to eyeballs in debt..
This post was edited on 3/27/22 at 12:26 pm
Posted on 3/27/22 at 12:31 pm to stout
quote:
A 2x4 stud was $1.87 give or take just 2 years ago. $8.25 each currently
Bidens* America
Posted on 3/27/22 at 12:37 pm to stout
There's also the Trump 25% price hike from tariffs on imported lumber to factor in, as well as the fact that the housing collapse happened right at the time that new lumber would have been planted, causing virtually all construction and all planting of new lumber to grind to a halt at that time, making for reduced supply now.
Posted on 3/27/22 at 12:38 pm to TBoy
quote:
There's also the Trump 25% price hike from tariffs on imported lumber to factor in
you mean the one Biden just renewed? 
Posted on 3/27/22 at 12:42 pm to stout
Last summer I found my materials list with Lowes pricing from the house I built in 2012. It was a shade under $6k for everything.
Out of curiosity I looked up the current prices on lowed.com. I quit adding them up at $25k about halfway through.
Out of curiosity I looked up the current prices on lowed.com. I quit adding them up at $25k about halfway through.
Posted on 3/27/22 at 12:44 pm to Taxing Authority
quote:
you mean the one Biden just renewed?
It wasn't 25% under Trump but Biden doubled the tariffs on Candian lumber
quote:
The Biden administration's US Commerce Dept. on Nov. 24 followed through with expected anti-dumping and countervailing duties on Canadian softwood lumber producers, placing tariffs of 17.99% on their imports, more than twice the rate of 8.99% during the Trump administration.
US Doubles Tariffs on Canadian Softwood Lumber
Posted on 3/27/22 at 12:51 pm to StringedInstruments
quote:
Apparently there’s just a frickton of money in people’s pockets because you’d think everything would come to a grinding halt with these prices.
Almost as if the government gave away trillions of dollars to the general public the last two years.
Gentlemen, I regret to inform you that the Federal Reserve is devaluing your currency.
Posted on 3/27/22 at 12:56 pm to Horsemeat
quote:
This bubble is going to pop and it's going to be painful for a lot of people.
And what do you think will happen? Don’t you think the cardholders will just say frick it? And the government will bail the banks out again. Sure, responsible people way actually pay their debts off. But most will just offer a settlement and the Dems will bail the lenders out with the blessings of the Republicans.
Posted on 3/27/22 at 1:02 pm to stout
4 - 4x4x8 treated
6 - 2x4x8 treated
6 -60lb bags quickcrete
$157 w/tax
This was yesterday…..
6 - 2x4x8 treated
6 -60lb bags quickcrete
$157 w/tax
This was yesterday…..
Posted on 3/27/22 at 1:17 pm to Taxing Authority
quote:
I must be the only person who isn’t up to eyeballs in debt..
There ya go.
High inflation combined with relatively low interest rates is the ideal situation to be using debt.
This post was edited on 3/27/22 at 3:02 pm
Posted on 3/27/22 at 1:23 pm to stout
I really don't understand lumber prices. They're like 5x more than they were two years ago. The workers aren't making 5x more. The trucks, gas, and tools aren't 5x more. Where is that money going?
Posted on 3/27/22 at 1:23 pm to tigeraddict
I hope you are building a chicken coop with that material, cause it sure ain't going to build a solid fence
Posted on 3/27/22 at 1:31 pm to EA6B
Two sheets of treated 1/2” plywood and a corner vinyl piece for the camp. $160
Posted on 3/27/22 at 1:33 pm to tigeraddict
(2) 4x4’s
(4) 2x4x8
(10) 6’ dog ears pickets
(2) bag shitcrete
$154 last week
(4) 2x4x8
(10) 6’ dog ears pickets
(2) bag shitcrete
$154 last week
Posted on 3/27/22 at 1:47 pm to stout
quote:
People will be upside down due to paying over asking and appraisal price for houses. You won't have the subprime factor but people overspent and won't be able to sell when they get in a bind.
This right here. Crazy people are spending over 300k for 1700sq ft house out here. I'm sure that's avg now across the nation but in 5 years or more when the market cools they aint selling that house at what they bought it at currently.
This post was edited on 3/27/22 at 1:49 pm
Posted on 3/27/22 at 1:53 pm to stout
Everyone understands how the fundamental supply and demand curves work, right?
If people quit buying things, the price would go down. However, no one seems to be stopping consumption of anything.
If the dollar is tanking, and everyone is racking up debt, 2 things could happen:
1) the value of the securitized debt will drop, which will frick the secondary markets (I’m saying this all wrong)
2) people will just default on bad credit card debt
I could then ramble more, but pretty easy to draw a line to socialism from there. By god, idiots can’t be allowed to starve on the streets, right?
Edit: we will all be happier when we don’t own anything. Thanks Uncle Sam.
If people quit buying things, the price would go down. However, no one seems to be stopping consumption of anything.
If the dollar is tanking, and everyone is racking up debt, 2 things could happen:
1) the value of the securitized debt will drop, which will frick the secondary markets (I’m saying this all wrong)
2) people will just default on bad credit card debt
I could then ramble more, but pretty easy to draw a line to socialism from there. By god, idiots can’t be allowed to starve on the streets, right?
Edit: we will all be happier when we don’t own anything. Thanks Uncle Sam.
This post was edited on 3/27/22 at 1:54 pm
Posted on 3/27/22 at 2:12 pm to stout
Any idea on how much the cost of vinyl siding and windows has gone up? Looking at getting those replaced on my house soon and hoping they haven't gone up as much as other stuff....
Posted on 3/27/22 at 2:28 pm to stout
quote:
Did you know, that in the middle of this pricing crisis, Biden chose to add more tariffs to Canadian lumber despite them being our biggest importer? The timing was terrible and could have waited but this administration makes stupid decisions so why would this be different?
Once you realize what their intentions are (remember they want to “fundamentally change” America) and that they are the enemy, then their actions make sense.
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