John wrote:Apparently lumber is so scarce in the US right now that it's cheaper to just chop up IKEA furniture than it is buy plywood. This is driving home prices up tens of thousands of dollars.
Looks like another apartment year for this dude.
Yeah, it's bad. I have 6 weeks off and just can't justify triple priced lumber for the projects (steel and wood furniture) I had planned. I'm running down to the steel vendor to pick up all the steel for them and just going to wait to do the wood portions.
As for home prices, it's doubly frustrating here in metro Detroit where people are protesting a lack of affordable housing, new construction and existing homes in the burbs are seeing astronomical price increases, but in the city, almost 1/3 of available housing stock is vacant with a large portion owned by the city. While it is complicated navigating the purchase of a home from the city, almost no one who would benefit from it wants to buy one.