Lumber crash leads to 'blowout' sales as prices crater

Post by sneak » Thu, Sep 16, 2021, 5:41 AM UTC

octopoc wrote: post #60

hellbannedguy wrote: post #37

Earlier quoted context omitted.

I would wait. I'm an licensed inactive General Contractor. If 14 months ago, they were building them for $450,000, I'd wait. I'd shop around for another contractor too. A young guy starting out, might save you a lot. (There's no way to verify he knows what he's doing though.) If you are some what handy, it's not that difficult to owner build your own house. That is if you get the blueprints past the town's council. G…

If I may ask, what are your thoughts on BuildZoom? If I go through them can I be more certain about quality work? I have heard many horror stories of people who had houses built and the builders made terrible mistakes. The person having the house built had to micromanage them and kept finding bad mistakes, like "forgetting" to put insulation in walls before the drywall, putting a window in the wrong spot, or putting…

Post by Kiro » Thu, Sep 16, 2021, 5:46 AM UTC

xnx wrote: post #61

hoppyhoppy2 wrote: post #46

Earlier quoted context omitted.

Perhaps they were just quotation marks rather than scare quotes and they genuinely wanted to show how wild the price fluctuations have been. Cynicism abounds on the internet, but people are still sometimes genuine.

Thanks. I'm legitimately quoting, but also prefer use of more specific terms like "tripled" or "fives times more expensive" etc. than common dramatic headlines words like "crushed", "slammed", "blasted", "surged".

Post by [deleted] » Thu, Sep 16, 2021, 5:49 AM UTC

scottLobster wrote: post #103

NikolaNovak wrote: post #41

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I like the chart, but it's exactly what the article indicated, no? Article indicated It went up to 3 times the price and is now down to pre rocket prices. Charts seem to agree?

I wouldn't define "returning to historic norms" as "cratering". Would you define a plane landing smoothly on a runway, even after a steep dive, as "cratering" the runway?

Post by tayo42 » Thu, Sep 16, 2021, 5:57 AM UTC

Dylan16807 wrote: post #133

tayo42 wrote: post #124

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Ehh I think it would be irresponsible to use all my savings like that, plus you need to buy the land to build on and pay for your current place

You still end up owning the house, so it's more of a conversion in savings. And you'd probably be paying it off over time, with the help of ongoing income, if the mortgage rate isn't super high. Land depends on where you go, no comment there, but keeping up payment on your current place during construction just means you end up paying for 21 years of housing on a 20 year mortgage, or 31 years of housing on a 30 year…

Post by [deleted] » Thu, Sep 16, 2021, 5:58 AM UTC

vmception wrote: post #137

JohnJamesRambo wrote: post #42

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I don’t understand your comment and scare quotes, do you think a quadrupling in price of a commodity is not skyrocketing? That’s a cool website thank you for sharing it.

“Prices crash to pre-pandemic levels 18 months ago”