Lumber prices have fallen 47% year to date and are down 65% from a 2021 record high of $1,733 per thousand board feet. The big drops should help ease inflationary pressures in the housing market, and the costs to build should come down, Markets Insider reports.
A closely watched gauge of mortgage application activity slid to a 22-year low last week, as elevated home prices and rising interest rates dragged further on purchase and refinancing activity.
Here’s what my Grandfather said about the great depression… he was 11 in 1929 when it started, and living in rural TN:
“The strange thing was… you could have a whole shoebox full of money and it didn’t matter… there was nowhere to spend it! Most of the stores were closed, and the ones that were open had nothing to buy! There’d be empty shelves, maybe some old fruit with flies buzzing around on it…and some old guy just sitting behind the counter reading a 2-3 day old newspaper!”
There will be inflation AND deflation… unnecessary items like TVs and Newest latest gadgets will Come down in price… they actually respond to market laws of supply and demand… where things that are lighter and necessary like potato chips may stay stable— but raw potatoes, weighing a lot and therefore costing to be diesel-trucked in, will shoot sky high. The farmers will initially be happy, and when they go to plant more potatoes, the fertilizer and diesel for the machines will eat all of their profit margins…
We are about to see some wild see-saw shit. It’s gonna be nuts. It’s gonna be like India up in the US. People riding horses on the freeway alongside McClarens and shit. A whole class of shanty town untouchables… we’re just one big credit crunch away, actually.
https://conspiracies.win/p/15IEJlzNJK/odd-shoe-anomalies-at-the-buffal/c/
Real story in the comments, as usual.
https://conspiracies.win/p/15IEJlzNJK/odd-shoe-anomalies-at-the-buffal/c/
Real story in the comments, as per yoosh.
It’s genius on their part. Inflation, deflation, lockdowns in china where 99% of our shit comes from—-
Boom! There’s nothing in the stores, and no demand for actual non-essential items. And no way to replace inventory for things that do sell… like maybe game consoles… Then comes the unemployment, massive layoffs— this is a recipe for a depression, not a recession—
But we have a backup weapon for clothes AND non-essential items: thrift stores, yard sales, facebook marketplace, craigslist, etc. I’ve been buying my clothes for pennies on the dollar by using charity owned thrift stores—most of the stuff i buy was worn once or twice— a lot of it still has the tags on it, Polo, Old Navy, and even more upscale brands over the years.
It keeps all the unsightly uber eats deplorables out of your friendly neighborhood applebees. Wouldn’t want One’s fat white entitled suburban wife chowing down on n*sync babybacks to actually put a face to the name she can’t pronounce and refuses to tip who rode in on a George Soros raft.
Final version at gab.com - @No_EZ