Lumber prices dropped a shit ton. https://markets.businessinsider.com/commodities/news/lumber-prices-today-fall-eighth-week-inventory-shortages-demand-2021-7
In California Home prices drop about every 22 years. In 2011 I was putting offers on homes of $300,000 that are $750,000 today. (Chinks were paying cash and .85 cents on the dollar.) The home I purchased in 2013 for $300,000 I sold for $420 in 2017 is back on the market for $585,000. This home was $575,000 in 2004. https://www.aei.org/carpe-diem/the-real-estate-crash-of-the-1980s/ https://www.mercurynews.com/2009/01/21/2008-silicon-valleys-worst-year-for-home-sales-in-decades/ https://latimesblogs.latimes.com/money_co/2011/08/home-prices-and-sales-fall-statewide.html
Things are cyclical, they will change. Don't put too much faith in what (((they))) say. They really have no fucking clue other than what is going on this week.
Don't put too much faith in what (((they))) say. They really have no fucking clue other than what is going on this week.
This^
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