Why the cost increase?


I went to buy materials for a speaker project. I also priced some T-111 siding on 8" centers, 5/8 thick, Ship lap.
I hadn’t picked up any sheets or anything in over 18 months.

48" x 96 x 5/8 wood siding was 19-26.00 and on sale 15-20.00 per sheet, NOW 74-84.00 per sheet.

MDF 3/4" 48 x 96" if you can find it. 45-55.00 per sheet it was 22.00 to 27.00 per sheet.

2x4x8 DF stud grade 1.99-3.00 per. Now 4-6.00 per stud,

There is no shortage but there sure is a LOT of price gouging. NOTHING changed. Just the price..

The quality is worse. The workers aren’t paid worth a crap...Why the increase?

I’m getting ready to finish my home out. WOW.. I might have to rethink this a bit..

The price all most tripled in 12-18 months.. This kind of stuff is NOT cool at ALL.

Just my opinion of course. Any projects you’re doing get put on hold or STOPED?

YES I’m very frugal. Money never came easy, and it leaves the same way..

oldhvymec
Be patient: Covid, is correct. 

A lot of this can be put at the foot of JIT (Just In Time) and it's implementation in the early '80s. Instead of warehousing parts, supplies, sundries, etc., manufacturers discovered that, like their Japanese counterparts who did this in the '70s, they could cut down on costs by closing down those warehouses and lay off the few employees it would take to manage them and keep the money saved for themselves.

The problem was, and still is, Japan is nowhere near as large as America and can very well afford to implement such a thing. And all it took was a pandemic to bring the whole thing down. Like others have said, we have backlogs of container ships out there with some crews never seeing land for well over a year. 

JIT has been exposed for the cheap, cost cutting tactic that it always was. It very well have been the first domino to fall and the rest, as they say, is history.

All the best,
Nonoise
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When gold was the standard, market volatility was 2.5-3 times worse than what we now have. Imagine that many more recessions and depressions. Very unstable and unpredictable. It was the fact that is was finite that appealed to some who wanted to leave others behind.

All the best,
Nonoise
@oldhvymec
I kept the rents the same for 10 years. Same renters for the last 15 years.

My income is the same. I hate to pass it on to my renters.. 
My siblings and I inherited a choice San Francisco property in Chinatown North Beach area.  My parents also didn’t raise rents.  When we tried to sell the building the value went from $2.2m to the sale price of $1.1m due to the low rents (in rent control) and the dilapidated condition of the building.  The rents weren’t even enough to cover property taxes.  Tenants never complained because their rents were so low.  I’m not bent from this reduction of price because it was my parents gift to both the tenants and us.

Bottom line- although you don’t raise rents you are actually subsidizing your tenant’s cost of living (inflation) increases in addition to your own.
Simply thank Biden for the increase in EVERYTHING you have to purchase for the next couple of years....at least.