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Housing boom, on and off production, everything is in short supply for many reasons. One builder I know has had a slab down since May 6 and has yet to start framing because they can't get flooring systems. Another has two month delays because they can't get windows, another can't get garage doors. Just wait until next year when the fed raises interest rates and the housing boom screeches to a halt. About 18 months after that we will have another recession and houses will be on sale again.
the fed rate is currently artificially low. it will be raised next year, probably by a lot. historically, 18 months after a significant increase in fed rate there is a recession. mortgage rates are extremely low right now which is what is driving the housing market.Very unlikely for price declines in housing. Inflation is here for a long while. Buy now if you can in my view.
Yep, 80 million votes for the corrupt houseplant in the oval office is what doesn't add up...Was at the supply house yesterday for drain pipes.
Earlier this year it was $53. Last week, $87. Yesterday $95.
Same length, same size, same manufacturer.
YET, somehow the gubberment says inflation is only a few % for 2021.
It's not just drain pipes. Groceries, gas powered machines, vehicles, etc., all up for 2021. Not sure I can name many things that have gone down or remained the same price in 2021.
I'm a finance guy and have an MBA degree. Something just doesn't add up.