They claimed the saw mills had to shut down because of covid. It was a lie just like the rest of covid, but it justified the doubling and tripling of the prices for lumber.
The real goal? The destruction of the housing industry. It was no different than the destruction of the energy industry with the fracking ban. They are determined to send America into bankruptcy and get their global reset.
We can be slaves or we can rise up and slaughter these fucking demons.
There is no inventory, thus the high prices. There has been a dirth of building until recently, and with the shutdowns, delays, manufacturing and supply chain issues have made building much slower and far more expensive.
Once people start defaulting in paying their mortgages once the “Covid pandemic passes” expire things will change.
You either have inflation by a roaring economy because everyone has excellent jobs and maybe dual income in a strong capitalist economy. (but wait I'm told we're in a pandemic and so many people are dead or being laid off)
Or you have inflation by artificially printing and giving away money, completely devaluing the currency and increasing the "value" of hard assets in a normal socialist or communist society (but wait, surely someone would have said something by now if we transitioned to socialism/communism).
Dude. They are legislating TRILLIONS like it’s no big deal! TRILLIONS!! Just one trillion is a staggering amount of money and who knows how many multiples of our GDP.
It’s the interest rates that are driving the demand. Even though the property values going high, it’s math. And right now everyone knows the economy’s going to take a fat shit and drive up the interest rates.
I remember reading some where that mortgage forbearance and an inverted yield curve were both harbingers of impending financial collapse. CoVid was a convenient excuse to halt foreclosures. There are millions of auto loans in default as well. Sooner or later it’s going to get ugly.
They claimed the saw mills had to shut down because of covid. It was a lie just like the rest of covid, but it justified the doubling and tripling of the prices for lumber.
The real goal? The destruction of the housing industry. It was no different than the destruction of the energy industry with the fracking ban. They are determined to send America into bankruptcy and get their global reset.
We can be slaves or we can rise up and slaughter these fucking demons.
I choose the slaughter option.
I'll gladly pop some popcorn and pay to watch the pay-per-view execution of these human demons, however!
London Bridge is Falling Down... Falling Down... Falling Down...
Yep.
don't forget historically low interest rates
There is no inventory, thus the high prices. There has been a dirth of building until recently, and with the shutdowns, delays, manufacturing and supply chain issues have made building much slower and far more expensive.
Once people start defaulting in paying their mortgages once the “Covid pandemic passes” expire things will change.
Could it be...I don’t know...INFLATION?
that's exactly what it is.
You either have inflation by a roaring economy because everyone has excellent jobs and maybe dual income in a strong capitalist economy. (but wait I'm told we're in a pandemic and so many people are dead or being laid off)
Or you have inflation by artificially printing and giving away money, completely devaluing the currency and increasing the "value" of hard assets in a normal socialist or communist society (but wait, surely someone would have said something by now if we transitioned to socialism/communism).
Whatever the answer, something is fucky
Dude. They are legislating TRILLIONS like it’s no big deal! TRILLIONS!! Just one trillion is a staggering amount of money and who knows how many multiples of our GDP.
If the 'Rona shots are actually fatal for many people, it seems that housing prices will decline soon.
Syndicates pushing rental slavery on the masses? Investment companies coordinated efforts. Laundering.
That's my "closing 100 tabs" have to be quick assessment.
I thought the market was sparked bc everyone is leaving the democrats cities.... ?
It’s the interest rates that are driving the demand. Even though the property values going high, it’s math. And right now everyone knows the economy’s going to take a fat shit and drive up the interest rates.
I remember reading some where that mortgage forbearance and an inverted yield curve were both harbingers of impending financial collapse. CoVid was a convenient excuse to halt foreclosures. There are millions of auto loans in default as well. Sooner or later it’s going to get ugly.
I'm glad we got rid of our house when we did last month. Whew!!
I got a house 8 months ago and the estimated price has gone up $15k.