Cosmic Janice's Magickal Musings

When are we rich?

The only time I feel somewhat rich is in Dollar Store and in my garden.

The only bags around here are Dollar Tree and Lowes.

This leads me to ask, does anyone know why construction materials have gone up in price. Lumber is up 110% in one year and 10% in the last month. 

"

 Increased demand for single-family housing, much of it driven by the coronavirus pandemic, has housing starts up 30% year over year, according to the U.S. Census."

Now we all have to ask... with unemployment at it highest due to the pandemic. Foreclosures and evictions are poised to be catastrophic once the moratorium is over.

Who the Hell is going to buy all these new houses?

Why are banks financing the construction?

Is someone lying to us?

"New numbers from the National Association of Home Builders shows that since mid-April of 2020, lumber prices have risen by 130%, and those increased costs have increased the cost of single-family homes more than $16,000 on average"

And it is just not lumber that is going up in price. Remodeling is going through the roof, too.

Guess what dear ones.... This is a legacy from good old Trump. As I keep saying, we may have beat the rap but not the ride and it isn't over yet. How the Hell are we going to afford the improvements to the infrastructure with these inflated prices due to Trump's Tariffs? The one line in this article that really caused me to pause was "“Whoever the home buyers are, they have been able to pay for it,” said Todd Tomalak, who tracks building products for John Burns Real Estate Consulting."

Yes, we should all be asking with everyone out of work and about to be evicted or foreclosed on, WHO ARE THESE BUYERS?