Post by bswiv on May 9, 2024 19:33:08 GMT -5
It's a reasonable question, one more than a few folks out there are asking. And it's a question the answer to which I do not know, especially as there is every poosibility that what happens in the Philadelphia area will not mirror what happens here in NE Fl.......
Still......a few observations as of late.......again...of what value who knows...........
The Beard's Equipment dealership here in Palatka has, over the last 6-8 months, gone from a near empty lot with things spread about to try and look like they had stuff to a FULL lot of new John Deere equipment, the focus of it being timber work.
And over at Beck's commercial lot......the number of vehicles has more than doubled.
And the price we got offered for timber ( pulp mostly, but some chip & saw ) was exactly what it was 2 years ago......and let's not forget the devaluation of the dollar ( inflation )
And.......watch the prices on lumber at Lowes & Home Depot.......
And.....a friend who builds Habitat For Humanity housing, a guy not but a couple of years my junior, a guy who pays attention to what is going on in his industry.....he says that getting much of what they need is now quick and easy. His take from that "quick and easy" is that we shall soon see price competition.
Plus....a piece from the San Francisco Fed posted the other day says that Americans are now back to ground zero with their savings, having run through all the covid dollars our government printed.
Finally......agricultural land has stalled in sales.......the point with that being that the "speculation bubble" that sits atop the value of the land as productive land could well be getting ready to deflate.
But.....maybe......none of that means a darn thing. Maybe, just maybe, folks will continue to spend, using their credit cards to support the spending. And maybe, just maybe, at least here in Florida, folks from other places in the world where things are dangerous or unstable will continue to pay cash for real estate.....
Who knows.....I sure can't figure it out.
Still......a few observations as of late.......again...of what value who knows...........
The Beard's Equipment dealership here in Palatka has, over the last 6-8 months, gone from a near empty lot with things spread about to try and look like they had stuff to a FULL lot of new John Deere equipment, the focus of it being timber work.
And over at Beck's commercial lot......the number of vehicles has more than doubled.
And the price we got offered for timber ( pulp mostly, but some chip & saw ) was exactly what it was 2 years ago......and let's not forget the devaluation of the dollar ( inflation )
And.......watch the prices on lumber at Lowes & Home Depot.......
And.....a friend who builds Habitat For Humanity housing, a guy not but a couple of years my junior, a guy who pays attention to what is going on in his industry.....he says that getting much of what they need is now quick and easy. His take from that "quick and easy" is that we shall soon see price competition.
Plus....a piece from the San Francisco Fed posted the other day says that Americans are now back to ground zero with their savings, having run through all the covid dollars our government printed.
Finally......agricultural land has stalled in sales.......the point with that being that the "speculation bubble" that sits atop the value of the land as productive land could well be getting ready to deflate.
But.....maybe......none of that means a darn thing. Maybe, just maybe, folks will continue to spend, using their credit cards to support the spending. And maybe, just maybe, at least here in Florida, folks from other places in the world where things are dangerous or unstable will continue to pay cash for real estate.....
Who knows.....I sure can't figure it out.
