Prices will come down when the interest rates go up and people stop building.
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Originally posted by riverbowman View PostFor reference, what was it when prices were "normal"?
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Originally posted by 7sdad View PostPrices will come down when the interest rates go up and people stop building.
The housing crash of 2008 means that we are already low on inventory when measuring the 2010- 2020 decade and the amount of houses built. I think they could raise rates a full 2% right now and it wouldn't do a **** thing.
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$65 osb
[quote=BlackoutRam2500;15603780]I don't think so. Historically you are right BUT we are dealing with hyper inflation in every sector **** near. My guess is people are going to keep buying because they need safe places to park large sums of cash to protect themselves from the diminishing value of the dollar. Even with rising rates, where will people want to park their cash? The stock market is very volatile and the bears have been screaming "correction coming" from the rooftops.
The housing crash of 2008 means that we are already low on inventory when measuring the 2010- 2020 decade and the amount of houses built. I think they could raise rates a full 2% right now and it wouldn't do a **** thing.
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Inflation does appear to be present, definitely agree but seems reversible if America’s supply chains can catch up..
Stock market has seen more volatility but investing is the only way to beat inflation.
‘08 happened due to bad loans and builders just building away saying “the people will come and buy”, we have the opposite situation right now with way more buyers than available properties for sale and builders are trying to catch up.
The “stock market will see a down turn” crowd sure missed out on a lot of money in 2011-2020. Each year, practically, was a new record high. If you didn’t invest due to this, you lost. That decade forged a lot of millionaires.
I agree with you on rising rates being slow to stop this train we have but I think it might tap the breaks at least a bit and pose a reality check to those willing to listen.
Just my thoughts.
Sent from my iPhone using TapatalkLast edited by whitetailtrail; 05-05-2021, 01:36 PM.
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Originally posted by cj7zrcool View PostWe're selling standard 7/16" 4x8 OSB @ $45 right now and literally can't get/keep enough. If you can find a truckload on the open market, it sells @ premium of $400-$600 over Random Lengths. I heard yesterday that a large chain lumber yard bought multiple trucks of 7/16" OSB Radiant-Barrier decking @ $2000/M ($64/sheet). That's crazy....
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Originally posted by Russ79 View PostRight now 7/16 is selling for $1450/M. In the past we thought $400/M was insane.
Originally posted by Dale Moser View PostAt least you can still GET lumber.....
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Originally posted by cj7zrcool View Post
Unfortunately that's not the case with us. We're having to turn away homeowners, remodelers, and "new" builders from sales of some allocated material so we'll have enough for our loyal builders.
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Originally posted by Man View PostIf prices do not drop....does this not open the door for entrepreneur/innovation to come in and create a comparable product for much much cheaper? (I'm not in this industry so I do not understand the product).
Plus, we'll be in a bust by the time a new plant comes on line.
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