Prices.... Going Up!!!
- Thread starter musichal
- Start date
YY1
Addicted Member
About a month ago, I found (on the side of the road) a 24"x96" sheet of 1/2" plywood screwed to two 2x6x8's.
I valued it at about $40.
I guess I need to rethink that valuation.
I have quite the collection of good, reasonably clean, usable wood found either on the side of the road or pulled from my dumpster.
I'll have to take a pic next time I'm at my shop.
I don't think I've had to pay for wood in several years.
This past weekend, we passed a 24"x24" square of 1/2 plywood on the side of the road.
I was shocked to see it there.
Should have stopped to get it.
I valued it at about $40.
I guess I need to rethink that valuation.
I have quite the collection of good, reasonably clean, usable wood found either on the side of the road or pulled from my dumpster.
I'll have to take a pic next time I'm at my shop.
I don't think I've had to pay for wood in several years.
This past weekend, we passed a 24"x24" square of 1/2 plywood on the side of the road.
I was shocked to see it there.
Should have stopped to get it.
we moved in here 4 years ago...lady next door lost her hubby so 2 years after we moved in, sold and hit new mex. she asked for, and got in a day, 187K 2 'kids' moved in, mid to late 20's with GOOD paying jobs, like a quarter mil annual earnings combined. they started starting a family so moved closer to work and her mom and listed the house after 20 months. we paid attention cuz both sides of us our comps are recent. they listed for 204. realtor pounded signs on saturday. house went up monday am 204K ask. all day monday it was like the house was giving away heisenbergs blue meth. over 40 offers. they accepted the 240K one at 5pm. the older kids (mid 30's) that moved in have good jobs, not as good as the last couple, but good. they came from a tiny apt. they want to start a family, they have nothing, no mower, no spreader, only 3 rooms of furniture, no idea how to even paint.
Agree 100%
it'd be a thread hijack....maybe start a new thread.....but there is more on the journey of oil exploration to the pump than what most know. It's not just evil business.
he and I are both in PA. they dont have to explore jack. we are a next exporter of oil and gas, it just oozes out. (ok with a little help) but our extraction cost is well under half, perhaps 1/3 of the current market. we literally have a town called 'oil city' and not because young 'ladies' slathered up with baby oil and danced nekkid on stage....
RobRoy
It's just stuff - but fun
I just got back from five weeks in Seattle, selling off all the stuff my dad had stored in and around his shop (he died last summer at 90). He was a wood hoarder. There was a LOT of lumber, OSB in odd sizes, plywood, etc.
We ended up getting about $700 from just the lumber alone. It turned into a bit of a feeding frenzy. There is STILL a lot left.
Meanwhile, my son works in construction in Seattle. Because handling it by hourly workers is too expensive, wood used for temporary uses like concrete forms, supports, etc. is simply thrown away after use. He is dumbfounded by the quantity of perfectly good lumber they throw away on a daily basis.
Meanwhile, nobody should be surprised by the price inflation. When the government prints money by the trillions and rains them down from heaven, this is ALWAYS followed by price inflation. Sometimes hyper-inflation.
Regarding the US now, the next step is Carter era interest rates. I recommend not buying a house and selling the one you have NOW, and move into a rental (unless you are in a rural area or in a unique place or plan on dying in the house you are currently in). People buy a payment, not a price. Higher interest rates will depress prices, probably causing a collapse worse than the one in 2008. But that precedes the buying opportunity. And when you buy while rates are high, your price is low. And when rates go back down, you can refinance.
This isn't my first rodeo. I was posting on Seattlebubble.com back in 2007-2008 and learned a lot about how this works by watching that one play out, not to mention the stuff I lived through in the Carter/Reagan years.
But yeah, get what you can right now, because it's gonna be a LOT more expensive quite soon.
And then there is this:
Gasoline shortages have begun…
We ended up getting about $700 from just the lumber alone. It turned into a bit of a feeding frenzy. There is STILL a lot left.
Meanwhile, my son works in construction in Seattle. Because handling it by hourly workers is too expensive, wood used for temporary uses like concrete forms, supports, etc. is simply thrown away after use. He is dumbfounded by the quantity of perfectly good lumber they throw away on a daily basis.
Meanwhile, nobody should be surprised by the price inflation. When the government prints money by the trillions and rains them down from heaven, this is ALWAYS followed by price inflation. Sometimes hyper-inflation.
Regarding the US now, the next step is Carter era interest rates. I recommend not buying a house and selling the one you have NOW, and move into a rental (unless you are in a rural area or in a unique place or plan on dying in the house you are currently in). People buy a payment, not a price. Higher interest rates will depress prices, probably causing a collapse worse than the one in 2008. But that precedes the buying opportunity. And when you buy while rates are high, your price is low. And when rates go back down, you can refinance.
This isn't my first rodeo. I was posting on Seattlebubble.com back in 2007-2008 and learned a lot about how this works by watching that one play out, not to mention the stuff I lived through in the Carter/Reagan years.
But yeah, get what you can right now, because it's gonna be a LOT more expensive quite soon.
And then there is this:
Gasoline shortages have begun…
twitch54
Super Member
and they're a lot of characters in 'Whoville' !
RobRoy
It's just stuff - but fun
It's hard to discuss this topic without delving into politics, so I won't, but in the end, the pieces fall into place for all to see. Sometimes it takes decades, though.
RobRoy
It's just stuff - but fun
Mine are $248. You beat me!. That said, we did just get our new assessment, thanks to the new 30x60 shop. Looks like they are going up to closer to $400.I'm heading right now to pick up the keys to my new to me shack on an acre. Bought and paid for, property taxes 202 bucks a year.
Depressing trip to Menard's yesterday:
Very poor selection of metal and plastic electrical boxes, prices high.
12-2 Romex, 75 cents a foot in 250 ft coils. Luckily, I have a hundred ft left that I bought at 25 cents a foot which I thought was plenty...
Varathane urethane products wiped out. Associate said they are having production problems.
Holes in shelves in all departments, very few customers. Unusual for Menard's.
And I had to look and see with my own eyes:
2 x 4's $8.00
5/8 osb $42
It's one thing reading about it, seeing it really puts it in perspective.
And that's just the Home Center...
To be honest, I'm concerned.
Very poor selection of metal and plastic electrical boxes, prices high.
12-2 Romex, 75 cents a foot in 250 ft coils. Luckily, I have a hundred ft left that I bought at 25 cents a foot which I thought was plenty...
Varathane urethane products wiped out. Associate said they are having production problems.
Holes in shelves in all departments, very few customers. Unusual for Menard's.
And I had to look and see with my own eyes:
2 x 4's $8.00
5/8 osb $42
It's one thing reading about it, seeing it really puts it in perspective.
And that's just the Home Center...
To be honest, I'm concerned.
RobRoy
It's just stuff - but fun
Those with an understanding of history and paying attention to what is actually going down are concerned. There need to be more of us.
But then, we are just seeing what I and a LOT of people paying attention last summer were expecting to happen now. Having seen this play out in our own lifetimes in the past is a big help.
This is just the beginning. With every passing day, more and more people will be "concerned" as this affects them personally. First in minor ways, then in serious ways.
I will avoid discussing the cause of this pending catastrophe as that violates forum rules (no political discussions). Rather, I'll just say that, whatever the cause, the boy scout motto is at play here: Be prepared.
4N$
Mine are $248. You beat me!. That said, we did just get our new assessment, thanks to the new 30x60 shop. Looks like they are going up to closer to $400.
My two ½ acre lots are $19 for the one, $75 for the one my mobile home is on.
Every year I take a C note to the tax office and get change back.
lets add a new one: paper freaking plates.
chutzpah (hootz-pah) n. 1) walmart getting $10 for 50 paper plates.
chutzpah (hootz-pah) n. 1) walmart getting $10 for 50 paper plates.
I live in harrisburg.....grew up in northwest La. (an oil and gas mecca) in the day.....flew for an independent oil producer and was a " landman" when not flying. I understand,on a basic nature, the intricacies of exploration, engineering, pre-drill, current drilling, and post drilling operations.....rules and regs, the infrastructure to support those operations.......and the costs.......it goes well beyond "exploring jack"......you just wanna argue and bluster...
.......you proved my point.....
yes.
