/biz/ - Business & Finance

Pretty tiring Sunday, I burnt some chicken and spent some time listening to Schiff and Uneducated Economist talk about housing.

I don't see housing crashing anytime soon due to the rising lumber prices & slowing down of new construction (due to insane treated wood prices, can't build homes on shitty untreated wet cedar for example).. Actually I see a further squeeze on lumber coupling from paused forbearance. Investors and homeowners will try every method before foreclosing. And since housing prices are rising, people are reverting to using houses as speculative and 'safe' investments, taking the chance to move to new areas (cheaper areas pretty much) with WFH becoming commonplace across America. And if landlords have to lower rent in urban areas (LA, Bay, NY for example) then renters are more than happy to move to those cheaper units. So I think for now there is a fine balance that won't cause a housing bubble pop.. we're in a very weird state. Although, this can't last much longer (and when I say much longer, it could be anywhere from 1 year to 5 years because who knows what the fed will do?)

Anyways how was your weekend? I'm always actively trying to make plays on my TDA and the other 5-10% of my portfolio on Kiddiehood.