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There were significant factors. We had major wildfires, some nutcase blew out all our trade deals with Canada, plus then you had a huge decrease in need with Covid, then a massive increase with Covid recovery. Lumber will settle in time. Large amounts of new starts are generally a good economic signal, but takes the market more out of my reach so I'm good/bad on that. Buying bounces from housing and real estate speculation to equities, to bonds, to consumer spending, and around she goes.Good site here that shows prices of commodities like lumber. You can see here how lumber prices went nuts last year and this. Starting in May they have come down. Prices down now 57% since May but they still have a long way to go. They were up about 300% in May.
Lumber PRICE Today | Lumber Spot Price Chart | Live Price of Lumber per Ounce | Markets Insider
Lumber Price: Get all information on the Price of Lumber including News, Charts and Realtime Quotes.
Yeah I'd like to see metal framing done for residential homes. A friend of mine owned one that was built in the 60s, so I know that it's been done in the US. Problem is from what I understand, there aren't many workers trained in how to do it. Metal is cheaper, stronger, lighter, and fire resistant. Not too many downsides I think.
I would have liked to do that. Would have been half the cost. The only problem is that I have a brick house. The design that most closely matched the house (wood w/insulated siding and red and slate colored trim and roof). The new garage has it's own breaker box, a side entrance, two windows, and an automatic garage door. All the windows are heavy duty insulated and all trim matches the brick. I did go with the metal roof with a full length vent and rain gutters because the slate color matches really well. The all steel/aluminum designs I looked at were pretty basic. Not as "homey" looking. More industrial looking.
No real surf on the Yucatán. What you gonna do there homey, besides siesta?
One added thing: when it comes to my primary residence, I get all out of wack with anxiety with these projects bc unlike investment properties much of my leverage for additional mortgages depends on total equity of all my homes and on hand cash (down payments) which is barely over 2 million dollars. Like many have mentioned here, the stability of my primary residence is paramount. Even if my properties, portfolio, and on-hand cash all evaporated, I'd still have my primary residence unencumbered. I don't have the 100's of millions many have here. I'm less than 20 on paper. In Pennsylvania, that might as well be 100 million in CA, FL, or Arlington suburbs.
Beachfront hammock, margaritas, pool, seafood, and to be the total slob I always dreamt I could be!
Sounds awesome, I’ll be on the other side of the country doing the exact same thing except add in catching some nice mellow peeling point breaks
You can do it now on Virgin for just $250,000.
It very well could. Especially if you have a retirement/pension to add. Then you can shift the bulk of your portfolio into dividend paying stocks (usually pay out quarterly), plus have some income from the properties, all while keeping the 0.5 mil invested, yeah sure. I don't see why not. But I would consider that the absolute minimum to be comfortable.
A week in space would be the absolute bizomb! A sunrise every 90 minutes at that speed. 24 million $...damn. His week on the ISS is costing him more than my net worth! I just read that ppl were offering over a million for a seat on the Virgin flights. Apparently Bezo's is going to reach higher altitude. Let's see how this all plays out. I want to add astronaut to my resume so bad.
This is happening all over Florida. The higher interest has slowed their pace but they still have projects under construction and future site work in progress for the next communities. From Tampa to Marco island built to rent is part of Florida’s new lifestyle.
