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Full Circle- Back to where I started (almost)

D

dust eater

Well-Known Member
Joined
Sep 18, 2010
Messages
70
Location
illinios
Housing market is not supposed to change unless interest rates go up which isn't supposed to happen anytime soon. Also heard that over twenty percent of house sales are being bought by property management companies which will hopefully drive new home sales for a while. I feel sorry for first time home buyers,
 
B

Birken Vogt

Charter Member
Joined
Nov 30, 2003
Messages
5,323
Location
Grass Valley, Ca
I know nothing about the lumber market but Youtube bombards me with videos of people in the NW pointing out that mills are full of inventory. I don't watch the videos, though, not enough hours in the day

But all this talk of "this is up, not ending any time soon" reminds me of the boom before the bust in '08, "it will stay this way forever", they said. We all know how that turned out.
 
Crummy

Crummy

Senior Member
Joined
Jul 9, 2017
Messages
918
Location
Idaho
Word here in timber country is institutional investors are moving money out of stocks & into commodities- buying up all wood products futures and farm crops. I.E. buy up everything a lumber mill will make for the next year(s), timber tracts, farm crops that aren't even in the ground yet. Not going to end anytime soon if that is the case.
 
Crummy

Crummy

Senior Member
Joined
Jul 9, 2017
Messages
918
Location
Idaho
The Peej said:
I agree and have been seriously looking at ICF. It is not popular in my market but I think it has huge potential
Click to expand...
I thought about that too. If there was a place here to rent forms like Symons and a pump closer than 100 miles away I'd go 12'+ on the walls. Even thought about coming up with a small tilt up plan.
 
DMiller

DMiller

Senior Member
Joined
Feb 21, 2010
Messages
16,575
Location
Hermann, Missouri
Occupation
Cheap "old" Geezer
One major point is the idiocy behind bidding wars running some property pricing well beyond what will appraise for. Point in fact, brother's lake house sold for $100k MORE than ask which was close to appraisable figures, buyer paid basically in cash as wrote a check. Problem being they get tagged with a Curbside loser when and not if the market tumbles, then the foreclosures regardless the lender on those properties with loans and a deflation of property values where the owners have nothing of value, unless sell for a loss cannot even write it down against taxes.
 
John C.

John C.

Senior Member
Joined
Jun 11, 2007
Messages
12,870
Location
Northwest
Occupation
Machinery & Equipment Appraiser
Appraisal values don’t make any difference when cash is paid. We have multi-nationals buying residential here for rental units. They just ask what is the high bid and add an extra $10k.
 
Crummy

Crummy

Senior Member
Joined
Jul 9, 2017
Messages
918
Location
Idaho
CVE surprised everybody and set up at the top AND bottom of Greer grade. "What the #### is this thing called 'Blitz Week' and what is this OOS BS !!!"
Got calls & texts HELP. Sorry, no can do pouring concrete today. Dumb asses. Blitz week- also known as clean, wash, service the truck (or wife...), mow the lawn, go golfing. It's just 72 hours guys.
 
DMiller

DMiller

Senior Member
Joined
Feb 21, 2010
Messages
16,575
Location
Hermann, Missouri
Occupation
Cheap "old" Geezer
All across the states currently as is in MO too. Heard from JY today that the OK boys were including stopping RV Delivery haulers. Three Grey MO DOT and NOT MoDOT as in Transportation but MO DOT as in MSHP personnel were around in Owensville MO in the rain and slop pulling any and all comers into inspections. I got missed SOMEHOW and ended up done as finished the day on 11 loads of Shot Rock to make road bases for a new clay pit.
 
Crummy

Crummy

Senior Member
Joined
Jul 9, 2017
Messages
918
Location
Idaho
Checked pricing on OSB yesterday and freaked out- $80+/- sheet :eek:.
Ziggy's had LP panel siding 'shop grade' for $27.95 a sheet. I used it on the garage and it's good product. Sent my guy yesterday to Lewiston to buy all 136 sheets they had left. He said "but we don't need that much siding". No, we don't- put the primed side down and use it for roof sheeting.
Trying to get the rest of the concrete in before it goes through the roof too- went up $6/yd in 2 weeks
I'm bunkering up after this.
We are headed for some bad, bad times IMO.
 
DMiller

DMiller

Senior Member
Joined
Feb 21, 2010
Messages
16,575
Location
Hermann, Missouri
Occupation
Cheap "old" Geezer
Concrete here now has a 'Fee' attached to it, was not paying much attention to the contractor until said that and missed what it was about.
 
Crummy

Crummy

Senior Member
Joined
Jul 9, 2017
Messages
918
Location
Idaho
I sent Ben down there with 38 $100 bills. He told me that they went kind of goofy- took 3 employees and the manager to count it when he paid and had some problems getting the $67 (even-no coins) change figured out. Never did the check to see if it was counterfeit bills.
Wow.
Just.......wow.
 
K

kenh

Senior Member
Joined
Aug 12, 2010
Messages
264
Location
bonners ferry,id
A shame that none of them could count to 38.
I was in groc store checking out, computer went down just as register totaled my purchase.$61.63 I figured I had $31.37 back, she was clueless as to how I figured it out.
 
Crummy

Crummy

Senior Member
Joined
Jul 9, 2017
Messages
918
Location
Idaho
Went to the pit yesterday, nobody there but 2 Debco guys (more on that later). I asked the loader operator what piles were theirs so I didn't steal any. "that one, that one, and that (HUGE!) pile is our Gabion rock"
Gabion rock? That's a LOT of Gabions. I built a bazillion of those in the watershed. I HATE those things. RUN! RUN AWAY!

So, on the guys that are working in the pit- there's a 490 down the hill with a skeleton bucket and a 844 loader running up and down a haul road they built. The excavator dig, shake, dig, shake, digshake hunting for spec rock for a big project they are doing, toss the rocks (maybe 1 rock for every 4 scoops) on the haul road and the loader comes up and gets maybe a 1/4 bucket and runs it up the hill to their pile. What a mind numbing job.
 
B

Birken Vogt

Charter Member
Joined
Nov 30, 2003
Messages
5,323
Location
Grass Valley, Ca
I was at a pit picking up rock one day and there was a pile of boulders they had blasted out of the mountain side. There was a guy on an excavator sitting on the pile with a hammer breaking the boulders into smaller pieces that would fit in the crusher. Talk about mind numbing. Probably ear numbing as well.
 
JPV

JPV

Senior Member
Joined
Aug 20, 2015
Messages
756
Location
S.W. Washington
Debco- that's who we bought the Kenworth shop truck that I drive from. I picked it up at their shop in Orofino, the owner seemed like a good guy and the guys in the shop were great helping me out with a few little things I thought it needed.
 
Crummy

Crummy

Senior Member
Joined
Jul 9, 2017
Messages
918
Location
Idaho
JPV said:
Debco- that's who we bought the Kenworth shop truck that I drive from. I picked it up at their shop in Orofino, the owner seemed like a good guy and the guys in the shop were great helping me out with a few little things I thought it needed.
Click to expand...
Small world. They are good people & know what they are doing that's for sure.

The pit owner just had his 'new' dump painted at Budco in La Grande Oregon which is somehow connected to Debco. They do really nice paint work.
 
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