I don't claim to know much about economics, but according to the St. Louis Fed data, the near vertical upward surge in the M3 money supply began in March 2020, not on Biden’s watch. According to their data, it was 15.4T in Jan 2020, and 19.4T by Jan 2021 when Biden took office. As of the most recent data point in May 2021 it stands at about 20.4T, up an additional 1T. If my numbers are off, please correct me.
Why the cost increase?
I went to buy materials for a speaker project. I also priced some T-111 siding on 8" centers, 5/8 thick, Ship lap.
I hadn’t picked up any sheets or anything in over 18 months.
48" x 96 x 5/8 wood siding was 19-26.00 and on sale 15-20.00 per sheet, NOW 74-84.00 per sheet.
MDF 3/4" 48 x 96" if you can find it. 45-55.00 per sheet it was 22.00 to 27.00 per sheet.
2x4x8 DF stud grade 1.99-3.00 per. Now 4-6.00 per stud,
There is no shortage but there sure is a LOT of price gouging. NOTHING changed. Just the price..
The quality is worse. The workers aren’t paid worth a crap...Why the increase?
I’m getting ready to finish my home out. WOW.. I might have to rethink this a bit..
The price all most tripled in 12-18 months.. This kind of stuff is NOT cool at ALL.
Just my opinion of course. Any projects you’re doing get put on hold or STOPED?
YES I’m very frugal. Money never came easy, and it leaves the same way..
I hadn’t picked up any sheets or anything in over 18 months.
48" x 96 x 5/8 wood siding was 19-26.00 and on sale 15-20.00 per sheet, NOW 74-84.00 per sheet.
MDF 3/4" 48 x 96" if you can find it. 45-55.00 per sheet it was 22.00 to 27.00 per sheet.
2x4x8 DF stud grade 1.99-3.00 per. Now 4-6.00 per stud,
There is no shortage but there sure is a LOT of price gouging. NOTHING changed. Just the price..
The quality is worse. The workers aren’t paid worth a crap...Why the increase?
I’m getting ready to finish my home out. WOW.. I might have to rethink this a bit..
The price all most tripled in 12-18 months.. This kind of stuff is NOT cool at ALL.
Just my opinion of course. Any projects you’re doing get put on hold or STOPED?
YES I’m very frugal. Money never came easy, and it leaves the same way..