Reply to I think the bubble is popping.

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[quote=Anonymous][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]
Top tier builders have and always will quote "jaw dropping" prices for custom builds. That's not going to change.

What will change is this insanity in raw material costs, handymen trying to screw you over for simple tasks (like building a deck), tract housing/standard new builds etc etc. That will normalize.[/quote]

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