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Marketing/sales question for the experts here...
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<blockquote data-quote="RonJohn" data-source="post: 807456" data-attributes="member: 2426"><p>I think things will stabilize. The price of wood is about double what it was a year ago, but it is half of what it was a few months ago. Sawmills are ramping up and the price will stabilize eventually. Same things will be happening with steel. Similar things will happen with cars when chip manufacturing catches back up. (If anyone is under on a car that they don't need, I read a story that some used cars are being purchased by dealers for prices above the original MSRP. It is a good time to get rid of any vehicles that you don't need.)</p><p></p><p>I don't think prices will ever return to pre-COVID levels for most anything. Interest rates are low. There is a lot (and by that I mean a lot by an incredible margin) of money (dollars) that didn't exist before. I am not an economist, but in my layman's mind I can't see how inflation can be avoided. We will just have to get used to a new normal, and that will probably take a few years for prices and wages to settle back out.</p></blockquote><p></p>
[QUOTE="RonJohn, post: 807456, member: 2426"] I think things will stabilize. The price of wood is about double what it was a year ago, but it is half of what it was a few months ago. Sawmills are ramping up and the price will stabilize eventually. Same things will be happening with steel. Similar things will happen with cars when chip manufacturing catches back up. (If anyone is under on a car that they don't need, I read a story that some used cars are being purchased by dealers for prices above the original MSRP. It is a good time to get rid of any vehicles that you don't need.) I don't think prices will ever return to pre-COVID levels for most anything. Interest rates are low. There is a lot (and by that I mean a lot by an incredible margin) of money (dollars) that didn't exist before. I am not an economist, but in my layman's mind I can't see how inflation can be avoided. We will just have to get used to a new normal, and that will probably take a few years for prices and wages to settle back out. [/QUOTE]
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