GHETTOBLASTER » 11 Jul 2024, 4:01 pm » wrote: ↑
The price of building materials had been relatively stable since the market correction of 2009.
Once Brandon declared war on our gasoline based economy that created a very predictable panic driven increase in demand that caused HOARDERS FROM HERE TO JAPAN to outbid one another.
Of course transportation costs increases were the other prime factor.
Price increases reached early stage hyperinflationary levels and the proof was when building material retailers were forced to install electronic price tags next to all merchandise that automatically updated the very same second that the prices rose...!
Imagine paying almost 9 bucks for an 8 foot long two by four. that should only cost 2 dollars..?
Not only were we left with lumber prices that sky rocketed, but the standards for what is considered "sub standard lumber" were relaxed tremendously.
The homes that were build during Brandon's first term of office are of lower quality as a result of this and not just because those homes were carelessly slapped together by millions of Brandon's hand picked crews Illegal Alien Carpenters from Third World **** Hole Nations.
When my wife was still doing closing as a para legal she would tell how the prices of a home were changing due to lumber costs. And now she is retired and goes in once a week to do post closing stuff or fills in when the new girls is off. The amount of closings are way down because interest rates are still high.
If I had bought my house now the monthly mortgage would be over 4,000 instead of 2300.