As we have watched the economic conditions for Main Street businesses and blue-collar workers continue to worsen, the horizon grows ever more dark. Last month when we reviewed the inflation data we noted as follows:
“The rapid increases in the price of food and gasoline are hitting the middle-class hard. This will have a downstream effect on more luxury items and durable goods. Spend more on food/gas and you might not be able to purchase that new table you wanted. Durable good inventories increase and layoffs in those sectors begin.
It will be very interesting to watch how the housing market responds over the next few months. If the trendline continues we should see a considerable softening in home sales, again depending on region, as the inflation hits the working class” (link)
Today we get the first set of housing data to accompany the inflation forecast: “New home sales dropped 5.9% to a seasonally adjusted annual rate of 863,000 units last month, the Commerce Department said on Tuesday. March’s sales pace was revised lower to 917,000 units from the previously reported 1.021 million units. Economists polled by Reuters had forecast new home sales, which account for a small share of U.S. home sales, at a rate of 970,000 units in April.”
[…] “The median new house price soared 20.1% from a year earlier to $372,400 in April. Sales were concentrated in the $200,000-$399,000 price range. Sales below the $200,000 price bracket, the sought-after segment of the market, accounted for a mere 2% of transactions last month.” (link)
Some of the drop is likely attributable to low inventory in hot markets like Florida. However, that said, inflation, high unemployment and lower wage rates are hampering the ability of blue collar workers to afford entry level homes (as noted above). Financial security is now a concern as real wages continue to drop and inflation bites hard into working class incomes.
U.S. new home sales drop in April; March sales revised sharply lower https://t.co/9s9siaHhG9 pic.twitter.com/9ivY8A0cCX
— Reuters (@Reuters) May 25, 2021
At least Jimmy “the nut job” Carter thought he was doing the right thing….This clown doesn’t even think.
…as they say
Carter made the wrong decisions
Biden creates the wrong decisions
He can’t think. Alzheimer’s impairs ones ability to think or reason. Anyhow, we know who’s really running the show!
Biden’s not making these decisions. This is Obozo and his lieutenants, taking directions from the globalist bankers/ Wall Street, guar-on-teed. ..!
If Obama took credit for the Trump economy is this not Trump’s turn?
President Trump is highly intelligent and quite pragmatic, and amazingly honest. There’s no way on Earth he’d even consider taking credit for any part of JoeBama O’Bidens economic disaster.
gr8 point. succinctly put.
Jimmy was well intentioned – he was just naive to the point of being a complete imbicile.
This clown has been bought and paid for so many times, there’s no place to stick a price label on him any longer.
Zimbabwe economic policy.
This sucks- even during the pandemic, under Trump, home sales were strong (I think I’m remembering that correctly). I hope all the Dems realize why this is happening- then again, I also hope to win the lottery ?
You don’t actually get it, do you? It’s not an accident. They aren’t basically good people with mistaken ideas. It’s intentional. And it’s just beginning.
Put another way, Chinese-backed Democrats *stole* an election so that they *could* do this. To you. Plan accordingly.
Exactly
I do get. I just wonder if the people who voted for this get it. (Regardless of how Biden got in the White House- some people did actually vote for him).
The voters obeyed the Tv.
I think there were 16 people who knowingly voted for Biden
Tiffthis has been getting it for quite a while, right here.
Everyone in the CTH is pretty up to speed on all this crap, and have been for a few years.
Who the hell are you?
A newly minted noob…..
FretlessT,
Yes I came on strong. We may argue here but we look after each other as well.
Welcome to the CTH. This discussion board is unlike just about any open comment section on the web.
Hang out and lurk a bit. Get a feel for the board. Lots of these folks have been here for years. There is a wealth of info you will not find aggregated anywhere else.
Read some of the posts going back years. I promise you will learn things you never thought of.
Good luck and enjoy your stay.
Thank you for standing up for decorum. Even when I don’t agree with a poster here, “You don’t actually get it, do you” is not in my repertoire.
Maybe, some have been conditioned to be rude; hopefully, that’s the last time for the poster. It’s not needed here.
I’m all for decorum, I love that about this site.
Having said that, “you don’t actually get it, do you” isn’t cool. Tiffthis certainly gets it.
But the rest of what was said is 100% TRUTH, which I appreciate reading.
FretlessT, can you suggest specifically how to prepare accordingly?
Think of it as the housing market expanding bubble at its beginning of the end. The Stock Market is right on the heels of housing.
I was thinking the other day how the Trump team kept things going and Team Xi JoeBama just turned off the spigot.
Isn’t it amazing? (not in a good way) I really hope those few who honestly voted for JoeBama recognize how horrible he is.
A lot of people do realize their error. These are the ostrich head-in-the-sand apathetic and complacent. They are the idealistic suburban Soccer mom variety. Amy C. Barrett symbolizes the persona of these type creatures.
Most Left-wing Libtard Democrats are soft and spoiled. They do not know what it is to be fire-tested. I am not talking about the Communist Libtard rioters. They are strictly the operating “useful Idiots” in the scheme of things.
Gee it will almost be worth suffering Armageddon just to watch all those sanctimonious Libtards squirm.
I think of that a hundred times day. I wish there was a way they suffer but we don’t. I know they are a miserable lot, but what is it which drives them to the point of making us miserable like them? I gues i answered my own question.
What need to leave justice up to God. He is in the drivers seat. The book is already written. Let Him lead the way.
Satan would like nothing more than to lure another lost soul into the desert. Don’t give him the satisfaction. The Lord is our Shepherd.. the Truth the Light and the Way. Peace be with you brother.
Thanks joe…..
Someone forgot to flush the big bidet.
They are still building new homes hand over fist in SW Missouri.
I was a home builder at one time and you are pretty well committed 3-6 months in advance. Think of it as turning an Aircraft Carrier 180-degrees.
well with land acquisition, permitting requirements, local zoning and building regulations, and the build plan to coordinate all the trades at the right time it is no easy endeavor….my bro is a contractor that does renovations, new builds and commercial contracts so he is into it all…he has been moving more towards the commercial side as it is more stable and lucrative in the long term
Your brother is experiencing the natural progression of single-family home builders. I take my hat off to him. ….been there done that.
I hope he doesn’t slap up all those high density, section 8 HUD tenements like the contractors all do around here?
There’s big government funding (blood money) in that, but you sell out your community in the process. Turns formerly cozy, residential neighborhoods into bright blue cities in no time flat!
All I know besides the new construction, is once a decent used home hits the market, it is under contract in a matter of hours.
The housing market is going to get very regional. Red State markets are going to experience the “Once a home hits the market”. The blue States and Cities no so much.
Very true, that is why I chose to live in a red state
I was looking at condos in Sarasota Florida about a month ago and they were on the market for like 10 dys at the most. Now there is really no new listings showing up on a daily basis. My realtor was telling me a lot of out of staters are buying up the properties.
My home hit the MLS on 5/15/2021 and I signed a contract 8 days later on 5/23. It’s getting crowded here. People are idiots on the roads. Lots of accidents. I’m a headin north to FL. horse country and rolling hills and blue spring water fresh out the ground!! Been wantin to move there for a couple of years and chances like this only come around a couple of times in a lifetime. Will rent till the bubble bursts and buy new!!
Wishing our lolli would come with me. I asked her to marry me before but she requires a boat an I ain’t got none,LOL.
I live in California (3rd gen) I know a number of people who are selling their home and renting until after the housing bust. I think it is a prudent move. I can see home equities and the Stock Market could drop 50% at least.
The caveat would be how soon Trump gets back and how severe the Biden/Communist wreck.
Same here in my town. Population went from 60K to 107K in less than 8 years. Every square inch of this town has ripped up green space and farmland to shove subdivisions into every nook and cranny. We are incredibly congested with transplants from all over the usa. They are paying top dollar and houses sell in a couple of days. Gossip at the gym has the population topping 500K for my county in the not too distant future. Even my shoebox home has appreciated almost 100 percent! Crazy!
My area continues to decline in population. Eight counties with increasing unemployment, three more recent factory closures and 209-1,000 days to sell a home.
Enjoy the benefits of growth.
Soon the stock market will fall, the economy will crash and there will be a correction of a lifetime including the world! The World has been living on cheap credit!
Congress doubles the deficit spending of every prior administration. They are not going to stop.
Indeed. It’s all smash and grab looting
However, then come the tax hikes?
Petz…same scenario in AZ. Pretty soon the desert will disappear.
The price of lumber has sky rocketed. No one can afford a new home
They can here in Texas!
$8 for a single stick of 2 x 4
5/8 good one side 4×8 plywood here in B.C. approx $90.00 ( Can) $75 r so U.S. per sheet.
We have dozens of plywood mills here along the Fraser river in Greater Vancouver B.C.
A builder friend of ours figures a home he built 18 months ago, now cost 40% more to build.
Lumber, Steel and Concrete are extremely expensive, and in very short supply.
Welcome to Biden and we haven’t seen anything yet. I hope Trump enjoys cleaning-up after disasters and toddlers.
the workers and resource procurers are not making the money….it is the huge lumber mill conglomerates who are profiting….their P&Ls are showing marked increases in profits
This morning at the local Lowe’s in Massachusetts an 8 foot 2 x 4 went up to $10. Yesterday they cost $9.
?
no fear. they’ll soon be “constructing” them of Chinese wallboard and recycled polyurethane
Lumber is usually around 30% of the home cost.
If they think new home sales are bad now, just what. As you said, all lumber prices are way up a and still going up. In two months new home sales will be dead!
If average price of new homes is around $300K (median between 200k and 400k), then this article implies that lumber accounts for $36k of new home price increases since a year ago.
FTA – “Lumber prices have skyrocketed more than 300% since April 2020, causing the average price of a new single-family home to increase by nearly $36,000. NAHB is working with government officials to develop solutions to these sharp price increases which threaten housing affordability across the nation.”
Ref. https://www.nahb.org/News%20and%20Economics/Housing%20Economics/National%20Statistics/Framing%20Lumber%20Prices
Framing comprises about 17.5% of new home that sells for about $300k.
Ref. https://www.24hplans.com/how-much-does-it-cost-build-new-house/
Covid interupted the supply chain. That’s why prices of everything are going up. Combine that with getting more money staying home than working and it’s easy to see that it was all part of the plan. There are help wanted signs everywhere here in Indian River county FL. , a lot of people don’t want to work.
They are foolish not to work. Employers can’t fill vacancies now. When these people finally decide to come back from their hiatus, there will be no Main St economy left for them to return to.
Everything that you say is true Judith, just part of the eugenix plan.
Now the economy becomes Obama’s economy in his third term, turning into that bland nothingness of Obama’s first two terms, where a job at McDonald’s is seen as the best that can be hoped for and a $15/hr minimum wage will price fast food out of most people’s tight budgets. Starter homes? You gotta be joking; let’s see tent city.
As if this wasn’t the plan.
Remember back in 2008 when Obama was voted in and by 2010 everyone was in an uproar and the Republicans (Party A), took back
Power from the Democrats, also (Party A), and nothing got done?
Well, Here we are again. Only it’s 2020 and JoeBama’s is in and by 2022 the Republicans (Party A), will take back power from the Democrats, also (Party A), and just like the last 20 to 30 years or more in America, NOTHING will get done.
Are the American people “Gluttons for Punishment”? Sure seems that way, After all… We seem quite content based on our past report cards that no matter who we elect, Americans still lose in the end.
Flip a coin 10 or even 100 times and you will find that throughout history, the world population has always been divided 50/50. The problem we have here?! Governments always control the odds and just like a Casino, the house always wins in the end.
So what does it matter if an election is rigged or not, do the voters not still choose the people “they” put front and center? Why, because they say pretty things to us? They’ll work hard for us? Promise us change? Smaller government? Replace the previous idiot who did nothing for us?
From where I stand and what I’ve seen over the years, our Government has become a leviathan! President’s Lincoln, JFK, Reagan and Trump were phenomenal Presidents. Yet, here we are… Leviathan still controlling the levers of power.
It wasn’t taken from us, we gave it to them!
Sadly, your comment is right on target! We do really need two parties, the Political Elite and the People.
JFK doesn’t belong in the same boat as the other three, imho.
Inflation caused recession or stagnation unfortunately can’t be fixed without out a bad recession as we saw in the first 2 years of the Reagan Presidency. It can’t be fixed with socialism.
Everything that will continue the destruction of this country is deliberately being done while all who swore an oath will sit and watch.
The long-standing leftist, environmentalist plan, preceding C0-Vid, preceding the Green New Deal, was the end, literal end of the single-family home. The suburbs are to be destroyed.
People must live in tiny condos or apartments, within big cities. Food is to be grown in littoral (fringe) areas of the big cities, and on every available patch of land (rooftops, vacant lots etc.). The countryside is to be off-limits. AOC wants to require a government permit to leave your big city. Bill Gates is buying up huge tracts of land. So is the federal government.
Americans, of course, especially after C0-Vid, want to live in the suburbs. Something’s gotta give.
The private automobile has to go. The Left is deadly serious about this. They will destroy the oil industry by every means. Notice the sudden shortage of the microchips required to operate modern autos.
The huge lie is that the long-term goal is to put you in electric cars. Ha! Where are the charging stations? Where are the government plans to create more charging stations? A few token efforts, head fakes. You’ll ride the train or bus, Bub. That’s your future.
You won’t surrender your gasoline-powered car? And when there’s literally no gas? You’ll push it along with your feet, like Fred Flintstone?
No wonder they’re trying to kill us all. Americans are too used to the good life to put up with that crap! This is not a third world country and those who come here from third world countries are even more adamant not to repeat that.
We live in Northern Arizona and it seems overnight the value of our house nearly doubled. Our neighbors put theirs on the markets for 450,000 when they bought in 2018 for 240,000. I don’t know how it is everywhere else, but it’s definitely a sellers market here. There would be no point in us selling now because we would turn around and have to buy another house for the same, if not more. Spending almost half million for a home is outrageous, so we are staying put for now. If we were to sell, we would buy land and a modular, but even the land has skyrocketed, so that’s out of the question for us right now.
politicians love this because when your house doubles in value your property taxes double even though your quality of life stayed the same. (except for less disposable income due to increased taxes). Then when the bubble collapses, they will raise rates because of the drop in property tax collections!
Property taxes are the main reason I stay in CA. Back in the 70s we passed Proposition 26 which limits property tax increases to 2% of the purchase price per year. Bought my house way back in the early 80s and I still pay well below $1000 per year. No way could I afford to move someplace where property taxes can skyrocket one year to the next.
I thought it was Prop 13, or did it double? S/
You are absolutely correct! It was Prop 13.
The bay area in CA is another universe altogether, but subject to the same astronomical real estate trends in the better neighborhoods. My 70 year-old 3/2 <1,200 sq/ft starter home is now supposedly worth over $950k. The home up the court, about the same size and vintage as mine, was bid up over $100k of asking price and sold for over $1M in just a few days. The job market (tech) and our good schools (not the norm locally) are, of course, big factors. But still… what homegrown first-time buyers wouldn’t seriously look elsewhere to plant roots? I’m not in a position to sell in this mania, so I’m just trying to keep my balance on this precarious bubble. Biden’s got the pin poised and ready…
one BIG solution to housing costs that PDJT proposed but for a different reason….send ALL illegal ALIENS home and make them come back the legal way….less demand = lower prices and rents….you could see this in CA for the last 30 years since Simpson-Mazoli and now with an open border it is hitting the rest of the country
Shhhh dont tell anybody but if you sell that Arizona house you can come buy 3 like it in Texas or Oklahoma.
Under 200,000 are investor homes. People buy to convert to apartments, flip or otherwise rent for income. With the cost of Lumber, plumbing supplies and electrical gone through the roof, many investors either sit on cash or invest in digital and hard coin. Just my observations.
Yep, exactly we recently sold a downtown Vancouver rental unit and parked the cash.
My guess, and it is only a guess or let’s say a gut feeling.
Is that the next few weeks could be very, very shaky.
Canadian Bank Stocks have soared, Energy stocks too.
Real estate is truly insane.
We’ll see…
Thanks to all CTH supporters, I learn so much.
And the U.S. dollar has lost maybe 12% of its value of late v the Can $.
From today Dekester,
USD/CAD
1.2041
-0.2237%
Cheers! It is really surreal the massive shift in Real Estate, Stocks and the Cryto Currency scam.
It appears as though The Resident is accomplishing his goal in his attempt to destroy the United States of America
His boss, Mr Xi demands it
From 2009 through January of 2017, every negative financial report was “unexpected” and they were always revised downward later, which made them even worse!
From 2017 through 2020 every good report was “unexpected” and they always ended up being revised upwards later.
As Sundance says, once you see the strings you can never unsee them!
And almost every Trump report was later adjusted up Obama/JoeBama numbers always need to be adjusted down, kinda like the Democrats always gain votes in each subsequent recount.
All the above simply impossible statistically without purposeful intervention.
The jest of this economic piece is that inflationary pressure will create market dislocations for home building. The government’s response will be to spend infrastructure money on more section 8/government housing at bargain prices for rent. After all the government will be happy to give you everything you need. You just won’t own anything. And that’s the Final Solution…along with the jab for depopulation ,surveillance and corporate financial gain.
Interesting. You can never trust the “statistics”. Take the population of L.A. or San Francisco or New York or any other highly populated urban area and look at the trends. People are moving out in droves, by the tens of thousands, most headed for suburban and rural areas. Problem is that there are not enough built homes to satisfy the desire to get out of the blue cities. Add that to the lumber shortage and you have very high demand for few homes in the most sought after areas, which happen to be freedom loving areas. Maybe fewer homes are selling, but the ones that do sell, are selling for a premium over last year’s prices if in a sought after area. And even “middle class” Californians can buy 3 homes in another state’s rural area for the 1 they sell. I’ve also seen the reverse, in that a “middle class” person so desperate to get out of a “blue” area, will settle for much, much less, just to get away from the insane people.
I’m still seeing a ton of movement “on the ground”.
Add to that, some areas are demanding a “vaccine passport” – Santa Clara County, CA for instance, Western Oregon, etc., and you’re going to see even more movement out of those areas. People are even buying raw land and a used trailer, and camping out on their own land just to get out of the cities.
My theory, that I’ve put forward a few times here, is still in force, from what I can see. The Great Migration out and away from the Democrat run areas will not be stopped by gas prices, lumber shortages, or vaccine passports. They’re going to have to try harder.
The JoeBama Administration is such an enormous disaster that Liberals are turning into Conservatives because… ya know… the Freedom thing.
Do you think the liberals realize that Biden is all about America last? I know some of these idiots may have bought into that whole white-man-bad narrative, but were they really willing to give up everything they own and give it all away to live their lives in squalor and decay? Who did they think these people were coming to displace, anyway?
I have said it before and I still believe that it was the shocking increase in gasoline prices … up to $5.00/gal. here in the SF Bay Area that caused the 2009 “junk mortgage collapse”.
Yeah, yeah, “default swaps” yadda yadda yadda … but it was the HIGH PRICES of essential goods that DROVE the mortgage collapse. In other words … the mortgages defaulted because the average man could no longer afford life’s essentials … let alone 3 mortgages he couldn’t pay, nor could he find renters
We are heading for the same kind of a collapse. Builders are literally leaving projects unfinished now … while they wait for building material costs to come down from the stratosphere.
And JoeBama Heiress havent even gotten started on raising taxes! We are gonna crash … soon.
we saw that in SoCal….for years the bedroom communities were developed to travel into the cities with commutes of 1 1/2 hours not uncommon….when gas prices spiked it became a choice of gas + job OR mortgage
Just so everyone is clear, higher inflation and a drop in home sales is a feature, not a bug of this administrations economic policy.
The whole idea is to impoverish as many as possible and then cram them into multi-family housing units in dense urban areas. Travel will be limited since it will be prohibitively expensive, and of course, the newest pandemic (courtesy of the CCP) will make governmental restrictions on travel much easier.
Prog Dem housing –
?1
How much does the penthouse rent for a month?
500 rounds.
😀 😀 😀
Cloward-Piven
People have fled California, Illinois, NY, NJ, and Maryland in droves. They are relocating to Texas, South Carolina, North Carolina, Idaho, and Arizona. The state with the biggest influx of new residents is Tennessee. I imagine once the great migration is over we’ll see house sales drop even further once inflation sets in. The housing sales bump was just a temporary trend while people relocated.
Tennesssee used to be such a wonderful place, well at least Nashville , Franklin and Leipers Fork.–areas I frequented. So many transplants flooded in and now its a mini Austin . So sad.
Unexpectedly — a favorite from the Barak regime
In the Omaha, Nebraska area, houses are selling like crazy in the outlying areas especially. Alas, our once rural 2 acres will soon be surrounded, more or less, on three sides–the latest will be a quite crowded development, judging from the plat.
Wait until a year from now. Housing completions are going to fall through the basement.
Highest real housing prices in over 100 years:
“Posted in Big Stupid Government.”
Co-signed,
Joe Bama
I am always being asked by those in real estate and investors to sell my home. I bought it in 2006 at 119,000 and is now worth between 250,000 and 280,000. I have almost paid off the mortgage. It is a single family home and only duplexes are going for similar prices. Most homes in Northern Utah are around 400,000. Housing market is still strong here, but if you buy now you are buying on the bubble.
I got you beat, I bought mine in 1996 for 89,000 an is worth 375,000 now, Boise, Id.
Follow the Economic Sector Reports, it has been plain as day from the first bailout package and EO cancelling energy independence signed by Sock Puppet Joe.
The winning Sectors are those tracking with each and every $2 Trillion Bailout bill passed, which have zero to do with helping US GDP, with bailing out main street or US middle class citizens. Insider trading involved, you ask??
US GDP building items are still in the RED, as middle class America can not afford anything much beyond basic day to day necessities and investments move off shore. Service Sector related items related to selling stuff or bringing stuff back on shore are mixed to OK.
Also, as happened during Comrade Obama’s regime…On shore US IPO’s have tanked, while off shore IPO’s using US Bailout Money are going up.
“The median new house price soared 20.1% from a year earlier to $372,400 in April”
I just looked in a family history book that one of my cousins put together some years ago. .My maternal grandmother bought a house (SE 65th street in Portland, Oregon) after her husband died of malaria he contracted while in the Marines. She put $200 down, paid $16.50 a month, $11 real estate taxes (per year) and the total cost of the house was $1,200. This was in 1937.
Hosing prices have gone up a bit since then I would say.
I just looked that house up on Zillow and it is valued at $509,255.
I try to double my investments every 7 years. Starting with $2400 in 1937 would mean nearly five million today, with no home maintenance or remodeling (but would have use, which of course has value). Real estate can be a great investment…it’s my main one…but not from appreciation only. It’s a mix of appreciation, cash flow, leverage and tax benefits.
In Redfin’s annual survey of nearly 2,000 homebuyers, 63% reported having bid on a home they hadn’t seen in person.
People want to get as far from Minneapolis as they can get.
Friends in Twin Cities had a visitor they didn’t know the other day. He told them he thought he could get $700,000 for their house. Since they paid $150,000 for it 15 years ago they sold it for more than that and moved to an apartment. Another house brought over $160,000 on Easter Day and you had to lift the roof eve up to open the door.
Carter was stupid by accident.
Biden is stupid on purpose.
If you think the magic Kenyan isn’t behind all this you may be a Liberal.
Bammy has never had the brains. He spent most of his time on golf courses complaining.
China is running the show.
I don’t think the term is “Kenyan”. Then again, you’d probably get put in the doghouse if you used the correct term–even though it is NOT a racial epithet.
I’m shocked yes shocked that prices are going up yes up on items today. Why the commies promised that we would have the good life, nobody need to work we have government checks every month? We can open our borders and let in the best from each nation especially from our enemies (best way to make friends). You can see how the commies bastards open there own home to anybody. Ya right!!!
Wake up America we have an enemy that is h3ll bent on destroying your Country,Life and Family so push back while you can. They are the enemy called demonrats spawn of daddy satan!
New building sales will fall through the floor in two months. This in turn will trigger massive unemployment.
Food prices are on their way up and up as you no! McDonald will soon be downsizing, right along with Walmart, etc.
Expect inflation and depression not seen since the 1930s
McD’s, WMart, Kroger, etc, have the “self service” kiosks and registers all ready to go.
The interesting part is the shift in where the in-store staff is deployed within retailers selling perishables. They are NOT cutting staff but shifting staff to cover filling remote shopper grocery carts, stocking shelves and managing self-checkout.
Other retailers, with on-line shopping are doing the same.
Top job in Sock Puppet Joe’s economy will shift from the Obamanoic “burger flipper” to shopping cart filler.
As for fast food joints…they started testing robotic cooking and ATM check out long ago.
Heck I remember my first stay at a micro-hotel in Tucson, AZ almost 15 years ago. Chieck in via a machine and ordered food in their common dining area via touch screen. Can’t say I like it but its been around a long time.
I agree, thedoc00.
Top in Sock Puppet Joe’s economy will shift from the Obamanoic “burger flipper” to shopping cart filler.
How long before there is less of a need for the “Actual” store?
Good point for non-perishables but for perishables it could be a different story. However, there will always be a need to cart stuffers, cart checkers and shelf stuffers.
For perishable retailers, there will always be allot people young and old who want to pick their own produce, not trusting some remote avatar shopper to pick the best, freshest items or unspoiled items.
The big box stores that have gone , on-line, actually have a huge infrastructure investment advantage in that they have located their “consumer” distributions centers (my new terms replacing “the store”) for customer access. Their conversion will have near zero pain. Anybody wanting to break in may have a problem.
The major question becomes who wants delivery to their door and who is not too lazy to go get their order. Plus, order accuracy will become the new major metric.
“Plus, order accuracy will become the new major metric.”
Not if you have only one “Brand” to choose from… (fellow traveller) because of “Distribution” problems.
The “Perishable” items might simply be available “Farmers Market” style.
(Smaller “Footprint” real estate wi$e)
An example might be…
WMart’s “Neighborhood” market might be the ONLY outlet for “Perishables; while “Non” perishables are available only for delivery or “Drive-by” self pick up.
It’s not branding but product availability.
Order accuracy will always be a major metric even if single brands are available, as the metric also involves the right product being picked off the shelf. I have spent allot of time in grocery stores watching the shopping cart stuffers as I shopped. The only quality checks are the hand-helds carried by the cart stuffers.
I have been to many Farmers markets in Texas, Arkansas, Missouri, PA and New York. THe number of people actually shopping for produce is not even close near the numbers who use Grocery Stores for their produce.
The only way Farmers markets become “the source for fresh produce” is if retailers stop selling it. Now that is a possibility but not very likely at this point in time.
The military could help us.
They are now the Deep States military, not the Peoples.
I hope not
I do not see that happening unequivocally before the chain of command is excised of all the bad actors and or traitors, stating from the top.
You would have to break the basis of their (un)lawful authority over the military I suspect. Not so straight forward in practice.
They could, Snoopy.
The military has a hierarchical rank structure… Top to Bottom.
Imho, any help will have to come from a little closer to the “Upper Middle” section of that structure…
Perhaps, outside of that structure; as that structure has been “Realigned” to not offer much hope of “Help”.
It might be about that time you start hearing news of mass defections to “violent extremist” groups and the need for new organizations to “safeguard democracy” and/or outside assistance.
I would hope this would not turn out this way.
These days though… I would be prepared for a lot of the worse case scenarios in order to protect those close to you. To include your families, friends and members of your local communities.
The “Outside Assistance” part is what keeps me up at night, walking the floor.
Obama foreclosed on that option already.
Marxists know their history–and how to wield power.
That’s what I thought. And they were all so gung ho after 9/11 too. So what the hell happened?
Actually in the 1930s there was deflation in America. More like inflation around 1980.
Yep, amazing the lack of knowledge I hear about the Depression.
You are right. Deflation, then Hoover tightened the money and everything was over.
Where’s the beef? said Walter Mondale to Gary Hart..
The top 1 percent could care less…..fed policy makes the rich extremely rich
What a mess FED has created.
Bubbles everywhere.
People are getting hurt. Really feel sorry for this guy.
Well, he paid for an education.
Just not the one he was thinking of.
Better off playing Black Jack in Vegas. (Never hit a soft 17.)
You will still lose everything, but at least they give you free booze.
Maybe he should have invested in tulips.
Early!!!
that’s what my wife said
Really? I don’t feel the slightest bit sorry for anyone who gambles away their money. And if the video is even real, it was probably his parents’ money because any kid who worked for his college tuition would never do something that stupid with it.
….and then, apparently, he videotaped himself freaking out and shared it online.
He’s not ready for college. Or life.
I am seeing the word(s) hyper-inflation used a lot lately.
The coming crash is going to make the crash of 1929 look like the good times!
If you’re seeing it a lot, then the super rich have already figured a way to make more money off of it.
Two comments. One, Covid and New York’s Comrade de Blasio and Cuomo drove so many New Yorkers into neighboring states, which drove up prices. Our area is inundated with so many vehicles it has become a nightmare to drive down the highway. So many out of state plates. They have apparently unlimited funds, and natives can’t buy homes in the area their ancestors came to in 1621.
Two, “there outta be a law!”, that people who would live in homes get dibs over investors. Any house priced under 200K is scooped up by investors to make another mil, while people like myself can’t get into a home they would actually live in.
As my mother would say, that’s not America.
Oh, and the housing market was artificially extreme, with doghouses going for over 200K. Driving up prices absurdly and having people competing for those doghouses is not something that can last, it’s got to end, because it’s not normal. It’s been a seller’s market, but it needs to cool down and become a buyer’s market. So if they say it’s lower than it was, it’s only because it’s moving back to whatever “normal” is in these insane days.
I figure mostly Agenda 21 style ‘apartment-homes’ would be getting built. They all look the same.
$55 for a 4 X 8 sheet of OSB doesnt help. Canada produces most of the OSB, but their borders are closed. It would take businessman like Trump who would get those products manufactured here, and sent to market.
Meanwhile…..
‘Republicans Nearly Double Counter Offer to $1 Trillion in Negotiations over Joe Biden’s Infrastructure Package’
https://www.breitbart.com/economy/2021/05/25/republicans-nearly-double-counter-offer-trillion-negotiations-joe-bidens-infrastructure-package/
Not sure whos hearts and minds theyre trying to win here but its sure the heck isnt mine.
Putting the home I grew up in, located in greater Boston in a week or two, hope it sells fast so we can get this over with.
Good luck ?!
Thank you!
Houses in my area (suburbs NW of Austin) are selling for $25K- $125K over asking. Home across the street from me sold for $125K over…made me look real hard at selling, however I can’t find what I want without it costing a lot more.
Real estate agent told me this will last about 2-3 more years (high selling prices) and then it will fall off.
Lots of building of apts, houses, etc. and it’s all moving further west into the hill country.
I’m just hanging in and maybe will find what I want at a better price in a few years.
In my neck of the woods in FL existing homes are going for unrealistic prices and it’s all like an auction. The seller puts the home up for sale and it’s gone in two days, AT A PREMIUM, considerably more than the asking price.
I believe it…houses around here are getting 60+ offers in 2 days…
Part of the problem is people hunkered down last year and instead of selling and moving ‘up’ to a newer home they just remodeled/updated. So there has been a shortage of homes for the ‘normal’ amount of people that move into areas.
You got the name, texgrl, now have you got the accent. I would buy in Brownwood.
Don’t forget to post this on the pages of all your Liberal friends’ social media. There comes a point where the INTENTIONAL economic destruction being wrought on the country by the fake President is going to be impossible for even the most die hard Liberals to ignore. Their gas bills have increased 50-100%. Their home values are going to tank. The grocery store bills are escalating. And that’s before the massive “trailing indicator” known as massive unemployment kicks in. Make sure to point out to Liberals you know that this is INTENTIONAL and that they are as much the target of Jobama’s anti-American wrath as you are.
From a home sales point of view, we’ve put our plans to build in the Fall on permanent hold. We cannot afford to add $100,000-$150,000 to the total price of the house because lumber is trading like GOLD right now (gold per oz = $1,800, lumber per board foot = $1,400). It affects home remodels. It affects new home construction. It affects a guy I work with who is a model train hobbyist…he put off some work on his trains because the plywood has grown absurdly expensive.
Our builder looked just frazzled last time we met (back when lumber was at $1,650/bf). This will destroy a lot of smaller builders who are still trying to recover from the Plandemic.
Washington D.C. is at war with us. I wonder when people start to put that together.
I keep telling people our government is our enemy, and they look at me like I ripped off a 10 octave, bench clearing fart in church.
Pretty soon, I’m gonna look like a prophet. (wonder if I can make any money on it?)
My kids want to buy houses. I told them to wait, prices will go down soon. Real estate market may crash again. It’s all cyclical. We never learn……..
They forgot to add one HUGE factor. Building prices have skyrocketed and it’s insane. Wood alone has driven up the price of building a house by at least 20%. With that kind of jump, people are not building new homes.
I betcha I could get a Libtard to buy my house before they feel the pinch. These people are in LaLa land.
The next one is here. Tighten up you britches and take you 401ks to cash ’cause the stock market is next. I’ve seen this 5 times in my working lifetime. For the second one I was four years out of college, good job, Condo on the water, boat and a Porsche.
Lost all my investment in the stock market, sold the boat at a loss and the condo didn’t appreciate a penny for almost 10 years.
Millennials don’t have a clue, they have never gone through one of these while trying to make a living. That second one started ( for me) in 1987 with Black Monday and went through 1991, The G H Bush years.
Talked to my libtard sister, yesterday. She had been getting her home, in the Phoenix area, fixed up to sell. Had a realtor, had thrown lots of stuff out, etc.
Was getting offered, twice what it cost her, so $450,000, but shecouldn’t find a house to BUY, to move into,…
So, she decided to stay where she is.
To my simplistic mind, the prices are grossly inflated, have been for many years, due to Govt policies, and “investments” by people not buying their family home,…but thats me.
Well at least she decluttered! ?
Lumber prices are through the roof….Having a 2×4 is like having a gold bar in today’s upside down world….Having said that, as a Realtor, I can tell you New Home Builders in our area are not taking new contracts and if they do it’s limited to only a few contracts per month….Home Depot and Lowes need to put a ‘Ticker sign’ in the Lumber department, prices are changing like the Stock market…But, there’s no inflation…Lol, sure…
?
Perfect!