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originally posted by: EdisonintheFM
a reply to: JAGStorm
“It’s similar to what happened with toilet paper, except the process to make toilet paper is much easier than lumber,” Rendine, the general manager at Douglas Lumber, said. “There’s panic buying. Stuff gets snapped up at prices that, realistically, three months from now will be astronomically expensive.”
originally posted by: Stupidsecrets
It will simmer down. There is evidence of hoarding but there is plenty of wood. Eventually there will be no place to store it.
it’s probably already been paid for, and the company is meeting their obligations. Do you assume all things in transit are actually yours?
originally posted by: JAGStorm
Biden administration could double Canadian lumber tariffs even as wood and construction costs soar
I wrote previously about rising lumber prices and general supplies costing more.
Now I truly believe something much deeper is going on. The other day I was stopped at a train track.
What was on that track, you ask? ... Well it was only filled to the brim with lumber. Sounds good right?
Nope, all of it was headed to CANADA!!! What in the Sam Hill?
I’ve heard from others that places are stockpiling lumber while prices go sky high.
So what do you think is going on? Here is where I think this is is all related to housing. I think tptb are trying to disrupt housing like we’ve never seen before.
I wonder if they thought Covid would do it but it backfired and everyone started investing in their places and those in apartments started moving out. Maybe this is a push to secure city real estate at rock bottom prices. All I know something is very amiss.
There are major things at play right now. Take a look around and see where the disruption is...
The meat industry has a target on it’s back
The electronic market/chips/microchips
All forms of customer service and low level jobs that could be done by robots
The next 3-5 years are going to be real interesting.
....Oregon’s timber industry, made up of companies small and large, is still counting its losses. Nobody has a credible number yet. It’s huge. And equipment losses are the least of it.
One industry estimate is that the fires burned or damaged trees that might have produced 15 billion board feet of timber. Only a portion of that was in areas open to logging, but it’s nearly four times what Oregon’s industry harvests each year.
The fires burned through an unusually high concentration of private land, most of it industrial forestland, and hit a subset of companies particularly hard based on where they own land and operate. They also scorched federal forests, including big sections being managed for timber production....