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What evidence do you have that its temporary?
by TOSSAWAY_1 5y ago
What evidence do you have that its temporary?
- axaxs 5y agoAssumptions based on contributing factors. You had people more or less hold off on everything for a year, which tanked suppliers. Now that there's light at the end of the tunnel, everyone is buying making up for lost time, while supply hasn't recovered and realistically aren't going to double their capacity for what is seen as a short term spike. With lumber prices where they're at, you'd see mills popping up like oil wells if they had any hope those were permanent increases.
- Loughla 5y agoSo it's anecdotal at best, but where I live, anyone with an old portable sawmill sitting in a barn collecting rust has been getting them out, cleaning them up, and have started sawing again. I'm talking people who retired 20-30 years ago, or people who bought property with a mill on it and have literally never used it.
- bidirectional 5y agoInterest rates are near 0%. If inflation appears it can be combated incredibly easily.
- TOSSAWAY_1 5y agoUnless of course we've missed the time to raise them :)