Lumber prices too high

[Magicman]

Gee thanks.  :

I don't sell lumber but hindsight says that I should have stacked a few hundred 2X4's.  I have the logs and still could but the wet weather seems to be breaking and I have too many anxious customers waiting.

[ohiowoodchuck]

Called today on a 12x32 office area inside my pole barn. 2x6 92&5/8's studs almost 19.00 each and 3/4 osb 89.00 a sheet. I'll just sit and wait. 

[Magicman]

My next week's job will be quite different for me.  I will be sawing framing lumber for a customer who intends to sell it for a profit rather than using it himself. 

It is a road trip 106 miles away sawing 64 sixteen foot Longleaf Pine logs.  I have pictures but won't share them until I begin sawing.  The logs and log whacks look very nice.

[tamarackman]

With the prices offered for used mills, some of you may be able to take a year long vacation and buy your mills back when the sawmill bubble pops.

[mike_belben]

Price of spf 1k on bloomberg dropped to $1435. From a high of $1800.or $1900. a week ago.

Ed it was me, im sorry.  I found enough tinfoil and wire to get the dialup on my camper working and took out a short position on my margin account against SPF futures.  I gotta think about me man. Hope you understand. 
;D

[Mooseherder]

This will make things better. :
copied from an article posted at Zero Hedge Tuesday.

The U.S. Department of Commerce says it will seek to double tariff rates on most Canadian softwood lumber, angering home builders. New rates vary by company. West Fraser goes from 9 percent to 11.4 percent, Canfor from 4.6 to 21 percent, Resolute Forest from 20.3 to 30.2 percent, and J.D. Irving from 4.2 to 15.8 percent.

[Southside]

And just this afternoon a guy sent me a text trying to beat me up on 2x4's that he wants.  Asked if I could "work on the price".  Yup, I sure can add $1.00 to each of them.  What? Not what you wanted?  Ok - lets make it $2.00 more.  

[barbender]

You sound fun, Southside😂

[mike_belben]

This will make things better. :
copied from an article posted at Zero Hedge Tuesday.

The U.S. Department of Commerce says it will seek to double tariff rates on most Canadian softwood lumber, angering home builders. New rates vary by company. West Fraser goes from 9 percent to 11.4 percent, Canfor from 4.6 to 21 percent, Resolute Forest from 20.3 to 30.2 percent, and J.D. Irving from 4.2 to 15.8 percent.

Is it my tinfoil talking or is some group of rulers designing in another level of crisis?   

[Southside]

The only thing I can come up with is politics.  Planning on the mid terms and getting certain groups of big business on "their side".  Keep rates low, folks will borrow the additional $$ is that logic.  Bankers are happy, Wall St is happy, Koch brothers are happy.  Pass around some additional stimulus $$ within memory time of the election and suddenly the people are happy too.....

[Tacotodd]

The only thing I can come up with is politics.  Planning on the mid terms and getting certain groups of big business on "their side".  Keep rates low, folks will borrow the additional $$ is that logic.  Bankers are happy, Wall St is happy, Koch brothers are happy.  Pass around some additional stimulus $$ within memory time of the election and suddenly the people are happy too.....

Yet they quickly forget about being in debt, until they have to start paying it back. Talk about some public manipulation   :(  Now, isn't that the wrong way to ultimately get the "crowd" in your corner? (rhetorical)  "I" think it is. But, what do I know?  smiley_eek_dropjaw

[mike_belben]

It is a simple move to make housing forever more expensive and unavailable to another generation of citizens.  Forces more people onto government, into subsidized housing etc etc.  Creates more forever cushy jobs for more bureaucrats.

When youve got a republic an element in it screams for a democracy.  Once youve got a democracy an element in that cries out for socialism, and once youve got socialism theres nothing preventing the murderous from achieving communism. (edit) each group is willing to sabotage the existing structure to bring in the one they are "advocating" for under a banner of harmless activism and community organizing.  there are many many many volumes on how to do all this, and theyre on every campus.   

Only republics are stable.  Once youve lost the republic, the rest are only transitions to the next phase.   and that is the meaning behind ben franklin's supposed "a republic, if you cant keep it" quip.


free housing, food and healthcare arent features of a stable republic.  theyre signs of a nation in transition.  ive spent over half my life now, clutching at straws trying to reverse this process, unsucessfully.  (/edit)

[rojen]

This will make things better. :
copied from an article posted at Zero Hedge Tuesday.

The U.S. Department of Commerce says it will seek to double tariff rates on most Canadian softwood lumber, angering home builders. New rates vary by company. West Fraser goes from 9 percent to 11.4 percent, Canfor from 4.6 to 21 percent, Resolute Forest from 20.3 to 30.2 percent, and J.D. Irving from 4.2 to 15.8 percent.

Is it my tinfoil talking or is some group of rulers designing in another level of crisis?  

Our 401ks and pension plans haven't bought into lumber futures yet, so the big money needs to keep the prices high until enough of our money is in the market to cash out the commodities traders before the crash.
When you see a news article about one of the big teacher's pension funds, like the Ontario Teachers' Pension Fund or California Educators Fund, buying in, then you'll know the crash is coming. 

[Resonator]

$31.49 for a 2x6x10 construction at the local big box store yesterday. Price came down a couple bucks today, but still wow. Just wow.

[mike_belben]

Our 401ks and pension plans haven't bought into lumber futures yet, so the big money needs to keep the prices high until enough of our money is in the market to cash out the commodities traders before the crash.
When you see a news article about one of the big teacher's pension funds, like the Ontario Teachers' Pension Fund or California Educators Fund, buying in, then you'll know the crash is coming.

when a supposed epic money manager buys high and crashes a whole lot of trusting people's nest egg, i just chalk them up as an infiltrator or suicide bomber.  they did what they came to do. 

[Peter Drouin]

I sell my 2x6x10 for 8.50

[bitternut]

If lumber is so expensive and in high demand maybe some of the big tooth aspen in our woods will someday be worth dragging out of the woods. Just had a sale marked and did not see a single one with a horizontal paint line. Seems to be no market for aspen logs.

[quilbilly]

This will make things better. :
copied from an article posted at Zero Hedge Tuesday.

The U.S. Department of Commerce says it will seek to double tariff rates on most Canadian softwood lumber, angering home builders. New rates vary by company. West Fraser goes from 9 percent to 11.4 percent, Canfor from 4.6 to 21 percent, Resolute Forest from 20.3 to 30.2 percent, and J.D. Irving from 4.2 to 15.8 percent.

Is it my tinfoil talking or is some group of rulers designing in another level of crisis?  

Our 401ks and pension plans haven't bought into lumber futures yet, so the big money needs to keep the prices high until enough of our money is in the market to cash out the commodities traders before the crash.
When you see a news article about one of the big teacher's pension funds, like the Ontario Teachers' Pension Fund or California Educators Fund, buying in, then you'll know the crash is coming.

We have had all sorts of pensions involved with timber out here. Some got out bc logging is bad for the environment etc. There are plenty still involved though.

[mike_belben]

[chevytaHOE5674]

But Mike that isn't true lol. Trailer prices have nearly doubled in the last year. Last January I priced out a dump trailer for 7400ish dollars, today the same spec trailer is 12,249 with a 6-8+ month lead time.

[Tacotodd]

I'd be surprised if he WASN'T kidding. It's funny though, you've got to admit! 😂

[Resonator]

My late uncle back when I was a kid used to talk about the Shoudah brothers. They were known for saying: "Shoudah bought land when it was cheap, Shoudah built years ago, Shoudah... Shoudah..." ;D

[mike_belben]

My wife bought an 18ft aboveground walmart swimming pool a week ago for $370.  It went up to $1500 along with all their others.  Shows the margin theyve all got in this stupid free money era. 

[HemlockKing]

My wife bought an 18ft aboveground walmart swimming pool a week ago for $370.  It went up to $1500 along with all their others.  Shows the margin theyve all got in this stupid free money era.

I wanted a steel shipping container to make into a mini garage car shelter etc, 2 years ago when I was browsing then they were 1500-2000 CAD now they're 5000! I'm not even. I'm going full homestead over time. I'm not paying into this exploiting system, or at least as little as I can.

[HemlockKing]

I am done. This cow is done being milked, dried out. Pockets hanged upside down. I’m changing my lifestyle heavily over the next bit.