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The Water Cooler
General Discussion
Lumber Prices Record Biggest Weekly Drop Ever
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<blockquote data-quote="1shott" data-source="post: 3592881" data-attributes="member: 29"><p>I hope it drops as well and soon, and I sell the stuff daily. </p><p></p><p>How fast and how much it drops are the questions of the day. I doubt we see more than a 10-15% drop tho. I will shocked to see more. </p><p></p><p>Which brings up another question, how will this effect the latest trend of home prices shooting up. Will this effect the market and house prices drop, if so by how much? Then you have the issue of folks buying at inflated prices, now seeing that what they bought is no longer worth what they paid for it, do they walk away like in 2008 when the bubble burst, or ride it out and pay on a mortgage thats higher than the homes actual value?</p></blockquote><p></p>
[QUOTE="1shott, post: 3592881, member: 29"] I hope it drops as well and soon, and I sell the stuff daily. How fast and how much it drops are the questions of the day. I doubt we see more than a 10-15% drop tho. I will shocked to see more. Which brings up another question, how will this effect the latest trend of home prices shooting up. Will this effect the market and house prices drop, if so by how much? Then you have the issue of folks buying at inflated prices, now seeing that what they bought is no longer worth what they paid for it, do they walk away like in 2008 when the bubble burst, or ride it out and pay on a mortgage thats higher than the homes actual value? [/QUOTE]
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Lumber Prices Record Biggest Weekly Drop Ever
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