BUSTED: Engineered lumber shortage. - The Great Awakening

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BUSTED: Engineered lumber shortage. (media.gab.com)

posted 3 years ago by undine53 3 years ago by undine53 +578 / -0

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– CherokeePede 18 points 3 years ago +18 / -0

I truly believe the lumber shortage is to slow new home build and increase home values to try and prevent the mortgage short that is bound to happen again. Decrease new home loans eithout having to raise interest rates.

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– Gold-Eyed-Cat 10 points 3 years ago +10 / -0

Seriously. My area went from YEARS of "buyers market" to "sellers market" overnight! A house near me sold in hours of being listed. One a little further, sold in 9 days. Nothing else for sale. I know two owners frantically remodeling/upgrading to get their homes on the market while the sell prices are high and the volume is so low.

They are still building homes here as well. I have no idea what's going on. :p

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▲ 3 ▼

– American-Patriot 3 points 3 years ago +3 / -0

What is the best bet for someone currently renting but looking to buy a home for the first time? I finally get a stable and high paying job, at the same time that all the houses increased tremendously in value.

For context I live in Socal with a $2k rent, and average decent home price is $550k and up, with a $60k salary :(

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– PlumberFag 4 points 3 years ago +4 / -0

move

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