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Reply to "I think the bubble is popping."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Lumber down 60% from highs... [img]https://cms.zerohedge.com/s3/files/inline-images/image001_7.png?itok=5gLyCtTZ[/img][/quote] The problem is that although lumber is down, the trades are charging a ton so labor is up massively. The reason being that supply and demand is such that they can turn down jobs.[/quote] And that will normalize quickly as well. Either they will come down in price, or new entrants will come in at a lower price to grab their business. Cycle of life.[/quote] I hope you’re right. Have had a piece of land in CCDC and have wanted to do a custom build and right as I’m ready to pull the trigger prices have exploded. Your jaws would drop at what the top tier builders are quoting per square foot today. [/quote]
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