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Sarasota - Bradenton - Venice area Manatee and Sarasota Counties
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Old Today, 06:13 AM
 
8 posts, read 925 times
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Prices on base models at the Vicenza community just went up by 6-8 thousand yesterday. Now up approximately 15% in the last 12 months. Same in other Neal communities.
Lumber prices have doubled in the last 6 months, copper up 50%. Inflation is coming back with all this federal reserve printing and government spending.
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Old Today, 01:48 PM
 
8 posts, read 151 times
Reputation: 10
Just don't take the bait right through this period. Lumber prices are unrealistically high and not driven by supply at all - lots of commodity speculators driving prices - the large builders have already committed to deliveries as forwards starting LAST year, and were hedged. Prices are inflated well over normal price movements. Builders are racking in the money and f.oolish buyers. I wouldn't touch this market
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Old Today, 06:34 PM
 
Location: Venice, FL
11,709 posts, read 3,497,784 times
Reputation: 7434
Quote:
Originally Posted by Hbcapital View Post
Prices on base models at the Vicenza community just went up by 6-8 thousand yesterday. Now up approximately 15% in the last 12 months. Same in other Neal communities.
Lumber prices have doubled in the last 6 months, copper up 50%. Inflation is coming back with all this federal reserve printing and government spending.
Buy Gold, & other hard assets like Reals Estate, get out of debt, get out of paper money (stocks, bonds, Dollars)
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