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jvreeland | 4 years ago

right, what we needs is high housing prices.

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mywittyname|4 years ago

Now I know how the people who got in early on real estate in SF or Seattle feel.

vkou|4 years ago

This is a great narrative, until we remember that lumber is a tiny fraction of the price of a house.

rwcarlsen|4 years ago

It was, but now it's actually a very significant component. In many regions, the cost paid for lumber went from like 5% of the cost to ~20%!

ncann|4 years ago

It still adds 20-30k when building a new house so not exactly a trivial amount.