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Timber! Lumber prices are falling hard

 
Crypto-Tard

User ID: 78144147
United States
06/10/2022 06:10 PM

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Re: Timber! Lumber prices are falling hard
What happens when all the lumber workers, loggers, sawmill workers die from the deadly covid shots?
How bout the house building contracts dying from the deadly covid shots?
 Quoting: Butch DeFeo


Not one of the loggers I know took the shots.

They work outside and away from people.

It makes zero sense for them to take any shots.
When you are afraid of losing your life, you have already lost your life.

Don't be afraid.
Crypto-Tard

User ID: 78144147
United States
06/10/2022 06:12 PM

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Re: Timber! Lumber prices are falling hard
Home Depot, a 8”x6’ oak board is $50. I mean oak is nice and all, but $50 for ONE board?!?!!?
 Quoting: glp-smilies


It's sold in "Board feet".

Assuming that board you mentioned is one inch thick, that's 4 board feet. for $50. so it's about $12.50 per board foot.
When you are afraid of losing your life, you have already lost your life.

Don't be afraid.
Weyoun

User ID: 81110693
United States
06/25/2022 03:52 PM
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Re: Timber! Lumber prices are falling hard
Much of lumber around the world comes from Russia. People dont' realize how much Russia is commodity king. All the russophobia is causing scarcity.
BoneTrout

User ID: 81802822
United States
06/25/2022 04:01 PM

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Re: Timber! Lumber prices are falling hard
Demand is dropping off a cliff around here (western PA). Homes that were finished a month ago are still sitting with nobody to buy them, not even BlackCock. Just wait until mortgage rates hit 8%. With the "offical" inflation rate hitting 8.6% that means the real inflation rate is pushing 24-26% that means 8% on a 30 year is guaranteed even with 830 credit score and zero debt!!!
 Quoting: Anonymous Coward 82609303


demand here just fucking completely stopped

in 2 weeks like the lights fucking went out

property prices dropped 25%

its the interest rate shock

you cannot sell a property anymore to anyone

who will loan out 500k with interest rates spiking
 Quoting: Anonymous Coward 82667312


the three year goal is 6.66%
All my post are theatrical artistic writing .
Weyoun

User ID: 81110693
United States
06/25/2022 04:05 PM
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Re: Timber! Lumber prices are falling hard
Demand is dropping off a cliff around here (western PA). Homes that were finished a month ago are still sitting with nobody to buy them, not even BlackCock. Just wait until mortgage rates hit 8%. With the "offical" inflation rate hitting 8.6% that means the real inflation rate is pushing 24-26% that means 8% on a 30 year is guaranteed even with 830 credit score and zero debt!!!
 Quoting: Anonymous Coward 82609303


demand here just fucking completely stopped

in 2 weeks like the lights fucking went out

property prices dropped 25%

its the interest rate shock

you cannot sell a property anymore to anyone

who will loan out 500k with interest rates spiking
 Quoting: Anonymous Coward 82667312


Don't take out a 500k loan. Stop buying Air Jordans and Starbucks and save money.
Anonymous Coward
User ID: 8462405
Canada
06/25/2022 04:18 PM
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Re: Timber! Lumber prices are falling hard
time to buy that fixer upper or plot o land
 Quoting: Anonymous Coward 78152436


not yet, nowhere near the bottom yet, if you have the cash
just hold it and wait for the big ass fire sale that is
coming but it's still probably a year or more away!
 Quoting: M R E


Nope....the government needs runaway inflation to wash away their debt nightmare.
Anonymous Coward
User ID: 80856294
United States
06/25/2022 04:21 PM
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Re: Timber! Lumber prices are falling hard
Due to extreme rise of interest rates, lumber demand has dropped hard





GLP