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Thread: Housing market

  1. #11
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    Quote Originally Posted by ChattanoogaPhil View Post
    I hope to leave my house feet first so the value doesn't much matter as far as selling. Unfortunately, the county is assessing property values for tax purposes.

    Building materials aren't cheap. April 28 2021: National Association of Home Builders, lumber prices have tripled over the past 12 months and have caused the price of an average new single-family home to increase by $35,872
    And what the F is that about? Did we suddenly stop making wood? Did covid kill all the trees? What is the deal with wood shortages and spiked prices? They know 2x4s aren't 9mm right?
    It's hard to be a ACLU hating, philosophically Libertarian, socially liberal, fiscally conservative, scientifically grounded, agnostic, porn admiring gun owner who believes in self determination.

    Chuck, we miss ya man.

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  2. #12
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    Quote Originally Posted by SteyrAUG View Post
    And what the F is that about? Did we suddenly stop making wood? Did covid kill all the trees? What is the deal with wood shortages and spiked prices? They know 2x4s aren't 9mm right?
    The claim is that mills and manufacturing plants were closed or downscaled in operation due to Covid so they lost 90 days of production, plus distribution cut back (warehousing etc) for the same reason. The shortages are especially noticeable, my guy said, for manufactured products like TJI, microlam, glulam, etc.
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  3. #13
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    Quote Originally Posted by chadbag View Post
    The claim is that mills and manufacturing plants were closed or downscaled in operation due to Covid so they lost 90 days of production, plus distribution cut back (warehousing etc) for the same reason. The shortages are especially noticeable, my guy said, for manufactured products like TJI, microlam, glulam, etc.
    Looks like we also get a lot of our supply from Canada and now there are several problems at play. Thanks again Bill Clinton for NAFTA, when he dies I hope they burying him in a plastic bag because of wood shortages.
    It's hard to be a ACLU hating, philosophically Libertarian, socially liberal, fiscally conservative, scientifically grounded, agnostic, porn admiring gun owner who believes in self determination.

    Chuck, we miss ya man.

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  4. #14
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    been looking for fun and many are double what they were just 2 years ago hahahah

    we have this place free and clear but would like more property less home but might just put some into bringing this up to date ? OR just live with it and get a nice earthcruiser and travel the country

    if anything I think going to Portugal or Italy and buying a nice getaway place and fixing it up sounds more fun these days than the prices I am seeing here !

  5. #15
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    There is no lumber supply problem if you are willing to pay. It's my primary business and we are at the end of the supply chain where I'm at. No shortage of TJI's here, or any other type of normal building material. It's just ungodly expensive right now. The only lumber product I currently can't get is 1x pine stock, and that's because it's all being made into 2x framing material at a better profit margin. I use Weyerhaeuser as one of my suppliers and they are overstocked on many items and keep sending me lists of "specials". Until they knock down the price, I'm not buying. They are basically panicking because the price has started down and they are going to get stuck with a bunch of overpriced inventory at the wholesale level.

  6. #16
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    Quote Originally Posted by thepatriot2705 View Post
    Saw an article today that firms like blackrock are buying houses for 20-50% over asking. I think it’s time to ban single family home investments if you have an AUM of over $100,000,000. When people are being forced to rent because they can’t compete with these mega firms, you have a problem
    And when the property bubble pops, they will bail out of those properties and tank the market. If they go under, we’ll bail them out. Normal people, not so much.

    You should be made to sign something that says that you realize that this isn’t financially sound.

    We were looking for a house out of the city proper, and finally gave up. Looked at buying a mountain house, forget it.
    The Second Amendment ACKNOWLEDGES our right to own and bear arms that are in common use that can be used for lawful purposes. The arms can be restricted ONLY if subject to historical analogue from the founding era or is dangerous (unsafe) AND unusual.

    It's that simple.

  7. #17
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    Quote Originally Posted by chadbag View Post
    The claim is that mills and manufacturing plants were closed or downscaled in operation due to Covid so they lost 90 days of production, plus distribution cut back (warehousing etc) for the same reason. The shortages are especially noticeable, my guy said, for manufactured products like TJI, microlam, glulam, etc.
    Don't forget about the the guys at home collecting the big unemployment checks doing home improvements. They took materials out of the yards at a much higher rate than it was being replaced.

  8. #18
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    Quote Originally Posted by SteyrAUG View Post
    Looks like we also get a lot of our supply from Canada and now there are several problems at play. Thanks again Bill Clinton for NAFTA, when he dies I hope they burying him in a plastic bag because of wood shortages.
    My dad runs a very large lumber company. Mills and yards nationwide have been shut down due to covid all this while. It's also very hard to find people willing to work these jobs even before covid-related unemployment payments. He says that the industry will be almost entirely automated within the next few years and that without migrant labor it would've been already.

    As far as construction lumber goes, we get A LOT of it from Canada which has been even more restrictive.

    As far as the market goes, my house and property are easily worth over 3x what I paid in 2011. Homes are selling sight unseen regularly around here for 400-600k. Insane
    Last edited by gunnerblue; 06-10-21 at 07:15.

  9. #19
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    My house has doubled in value in under 10 years. Homes in our neighborhood rarely go on the market as it's a pretty settled neighborhood, but when they do, they are listed for about 10 days before they are sold, and there's been bidding wars.

    My wife's friend is a realtor/real estate agent (apparently there IS a difference...). She said if you don't HAVE to sell, don't. People like the idea of having a cash cow...until they realize they may be outpriced when they start looking for another house and end up settling.

    We are committed to staying for another 8 years, when our youngest child is 18 and presumably leaving for college or whatever. Then, we don't know. We'll sell and make a fortune, or the bubble will burst, in which case we'll stay.

  10. #20
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    Quote Originally Posted by SteyrAUG View Post
    And what the F is that about? Did we suddenly stop making wood? Did covid kill all the trees? What is the deal with wood shortages and spiked prices? They know 2x4s aren't 9mm right?
    Yup, that's what happens when people don't go to work... things suddenly stop being made. Lockdowns and paying people to stay home have consequences.
    Last edited by ChattanoogaPhil; 06-10-21 at 07:51.

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