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lumber Price hyperinflation Pushes The Cost Of New Home Construction Up $25,000 Home Prices Surge!
Lumber prices have recently reached a record high and housing industry experts are warning of systemic consequences
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There is no map for where we are heading. I have been impressed at the stock market's performance as it broke free from all economic norms. The closest you could compare our current dilemma to is the hyperinflation of the Bolivar and the Caracas stock exchange reaching record highs. Most of the talking heads just keep saying it's a good thing but the prices of everything that affects consumers is rising much faster than market conditions can sustain. Lumber prices are soaring and it's pushing the prices for new home construction up by a considerable $25,000 per home. Industry experts warn of supply shortages and this could have untold consequences as it ripples through the rest of the economy.
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https://www.youtube.com/watch?v=MfnToKEFoTM
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Corey Chambers
3 years ago $0.07 earnedHyperinflation and Home Prices
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