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Apr 9, 2021
6:13
:44
am
novacoug1
All-American
Expensive lumber limits new housing supply which raises the price
And lumber supply was limited by factory shutdowns at the begining of the pandemic.
This message has been modified
Originally posted on Apr 9, 2021 at 6:13:44am
Message modified by novacoug1 on Apr 9, 2021 at 6:18:49am
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novacoug1
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novacoug1
Joined
Jan 31, 2012
Last login
May 18, 2024
Total posts
9,732 (28 FO)
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Messages
Author
Time
How much of the housing price boom is due to the foreclosure and eviction ban?
stenso
4/8/21 11:04pm
4million homes in forbearance
Nat Gas Man
4/8/21 11:09pm
I think that number is a little inflated.
CougCoug3
4/8/21 11:10pm
It's very inflated. The vast majority of those just took advantage of it.
breakingblue
4/9/21 12:00am
This is probably true. But if they are unemployed they will not
Nat Gas Man
4/9/21 10:59am
In most areas homeowners have equity, they're not going to let their homes go
BYUFBDAD
4/9/21 11:20am
It’s also inflated because the government is mandating that they can have a
cougarfann888
4/9/21 11:41am
I think a large portion of the inventory shortage is also sellers that don't
BYUFBDAD
4/8/21 11:09pm
I know several people that want to sell, but there’s nothing to buy
JOPE
4/8/21 11:12pm
I also know a family that cashed out last year because they thought the market was nearing the top
JOPE
4/8/21 11:15pm
There’s a senior missionary couple serving in my ward
cougarfann888
4/8/21 11:24pm
Prices aren't going to go down. The cost to build is out of control.
breakingblue
4/9/21 12:01am
Cost has little to do with price.
ToasterChive
4/9/21 12:58am
Expensive lumber limits new housing supply which raises the price
novacoug1
4/9/21 6:13am
But that won't last
IrishBlue
4/9/21 7:39am
There’s a difference between expensive lumber and a scarcity of lumber.
ToasterChive
4/10/21 10:58pm
You have foreclosures and sales to prevent default. . .
CosmoK
4/9/21 12:07am
Good point. There is still a moratorium on evictions right now for the past year
septicpumper
4/9/21 7:29am
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