Prices of Everything Is Going UP - Value of Everything Is Going DOWN (Peter Schiff)
Comments
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That Costco gazebo is amazing. Eyed the shit out of it - $1499/$1599, I don't recall. But, alas, high priced wood means no gazebo for the palatial lodge.BleachedAnusDawg said:I bought a cedar gazebo from Costco yesterday at 5 am. They had it in their sale that started that day. Checked back a little after Noon and they were sold out. Not a HUGE ticket item, but not cheap, either. Too much funny money floating around right now. Roaring 20's all over again? What were the 1820's like, @RaceBannon ?
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You don't think it's the stimulus money / extra child credits? You are more optimistic than I.ntxduck said:
I wouldn’t say it’s funny money as much as it’s unused summer 2020 vacation funds/money saved not eating out/going to bars/going to sporting events burning a hole in people’s pocketsBleachedAnusDawg said:I bought a cedar gazebo from Costco yesterday at 5 am. They had it in their sale that started that day. Checked back a little after Noon and they were sold out. Not a HUGE ticket item, but not cheap, either. Too much funny money floating around right now. Roaring 20's all over again? What were the 1820's like, @RaceBannon ?
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Yeah the 12'x16' one was $1799. Considering wood costs, surprisingly not too much higher than it was last year. I think the 12'x14' last year that I almost bought was $1499.PurpleThrobber said:
That Costco gazebo is amazing. Eyed the shit out of it - $1499/$1599, I don't recall. But, alas, high priced wood means no gazebo for the palatial lodge.BleachedAnusDawg said:I bought a cedar gazebo from Costco yesterday at 5 am. They had it in their sale that started that day. Checked back a little after Noon and they were sold out. Not a HUGE ticket item, but not cheap, either. Too much funny money floating around right now. Roaring 20's all over again? What were the 1820's like, @RaceBannon ?
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Maybe partially. But I think the forced out of necessity habits of last year contribute more. I spent basically nothing on gas/entertainment/travel in 2020. When in a normal year that bucket would be filled with 10+ stimulus paymentsBleachedAnusDawg said:
You don't think it's the stimulus money / extra child credits? You are more optimistic than I.ntxduck said:
I wouldn’t say it’s funny money as much as it’s unused summer 2020 vacation funds/money saved not eating out/going to bars/going to sporting events burning a hole in people’s pocketsBleachedAnusDawg said:I bought a cedar gazebo from Costco yesterday at 5 am. They had it in their sale that started that day. Checked back a little after Noon and they were sold out. Not a HUGE ticket item, but not cheap, either. Too much funny money floating around right now. Roaring 20's all over again? What were the 1820's like, @RaceBannon ?
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EVERYTHING.gif.ntxduck said:
Maybe partially. But I think the forced out of necessity habits of last year contribute more. I spent basically nothing on gas/entertainment/travel in 2020. When in a normal year that bucket would be filled with 10+ stimulus paymentsBleachedAnusDawg said:
You don't think it's the stimulus money / extra child credits? You are more optimistic than I.ntxduck said:
I wouldn’t say it’s funny money as much as it’s unused summer 2020 vacation funds/money saved not eating out/going to bars/going to sporting events burning a hole in people’s pocketsBleachedAnusDawg said:I bought a cedar gazebo from Costco yesterday at 5 am. They had it in their sale that started that day. Checked back a little after Noon and they were sold out. Not a HUGE ticket item, but not cheap, either. Too much funny money floating around right now. Roaring 20's all over again? What were the 1820's like, @RaceBannon ?
@GrundleStiltzkin -
could be pent up demand since we had to shut the whole world down for the deadliest virus ever
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Inflation isn't causing lumber price increases. It's a combination of Canadian lumber tariffs, increased logging restrictions, record increase in new home construction, and people using stimulus money on home improvements instead of vacations. Demand >>> SupplyPurpleThrobber said:Inflation is here, folks.
Getting slaughtered on a construction job right now. Lumber prices are cray cray. -
Ummmm...that kinda is the definition of inflation. I guess you can argue it’s unique to lumber because of specific reasons but I’d argue if you’ve gone to the grocery store you’ve seen the same thing. Hell, I’d argue with oil demand down I’m still trying to figure out why WTI is 20% higher today than it was for most of 2019...greenblood said:
Inflation isn't causing lumber price increases. It's a combination of Canadian lumber tariffs, increased logging restrictions, record increase in new home construction, and people using stimulus money on home improvements instead of vacations. Demand >>> SupplyPurpleThrobber said:Inflation is here, folks.
Getting slaughtered on a construction job right now. Lumber prices are cray cray. -
But it's an abnormal demand, i.e., a Panic. And that ain't good for anyone.creepycoug said:I believe in the inflation game guysms.
But trust me: wood is going up (lolz) because of demand. -
Poors gonna poor.PurpleThrobber said:
That Costco gazebo is amazing. Eyed the shit out of it - $1499/$1599, I don't recall. But, alas, high priced wood means no gazebo for the palatial lodge.BleachedAnusDawg said:I bought a cedar gazebo from Costco yesterday at 5 am. They had it in their sale that started that day. Checked back a little after Noon and they were sold out. Not a HUGE ticket item, but not cheap, either. Too much funny money floating around right now. Roaring 20's all over again? What were the 1820's like, @RaceBannon ?
