There is some serious misunderstanding of the market on this forum. And yes if they prove to be right (unlikely) I will own up to my statements.

People love to predict crashes. The old joke is your buddy who has correctly predicted 12 of the last 2 recessions. It’s human nature.

I have a buddy who pulled out all of his 401k and put it in cash when the market was going down during the height of covid. Problem was, just like almost all Market timing, he didn’t have a solid plan on when to start buying back in. If you aren’t watching, the market is in the high 34’s right now, he’s still heavy on cash. Ouch.

bumber lubble what now?

Yeah. The great Pumber Lubble has bopped.

quote:

Originally posted by PHPaul:
Had to pick up some 2x4's today.

A month ago, an 8 foot 2x4KD (Kiln Dried, as opposed to Pressure Treated) was $13.99

Today, it was $7.99.

Sales guy (a friend, I used to work there) said "And you're happy to pay only double what they were a year ago!"

Sad, but true...

Strange times. At this moment 2x PT is cheaper than 2x KD at our local yard. 5/4 PT decking is still high, though.

quote:

Originally posted by SIG4EVA:

quote:

Originally posted by old rugged cross:
It is coming alright. Wait till real estate "pops." It is going to get exciting.

The real estate market isn't going to pop. It's drive by high demand and low supply. They stopped building during covid and even years before that.

Part of the low supply is government market manipulation for COVID preventing foreclosure. Somewhere between 2.1 and 3.9 million homes avoiding foreclosure due to various federal and state COVID moratoriums. FHA's expired June 30th, and several large mortgage lenders we're supposed to start pushing foreclosures after the 4th of July. This article aligns with conversations with two of my neighbors - one manages a title office and other in management at a mortgage lender. Adding 2.1+ million homes to the real estate market is likely to really shake things up.

With courts being shutdown, many locales also implementing things like temporary judges and temporary court rooms to catch up. Harris County (largest county in Houston Metropolitan Area) is doing this in the Houston's Texans' indoor football stadium.