patrick.net

This sounds good for rentiers...

Yeah. It should be a boost for anyone long in property. Know anyone like that?
Who do you think a tariff on steel would help? Anyone long on high rises, maybe?

It should also transfer some wealth to forest owners in the US.

Good the more building costs and interest cost the less those shit shacks will be worth when people stop buying them or renting them because the rent's too damned high!

Tenpoundbass says

Good the more building costs and interest cost the less those shit shacks will be worth when people stop buying them or renting them because the rent's too damned high!

What is the alternative?

Is the Trumpcuck wet dream that everyone be homeless?

American logging has regulations to make it sustainable. Complying with those regulations costs timber companies money which makes them less competitive with foreign companies. Trump is just protecting local businesses, local jobs, and (perhaps inadvertently) the environment with this tariff. Any taxes collected will also go to reducing the deficit.

Quigley says

Trump is just protecting local businesses, local jobs, and (perhaps inadvertently) the environment with this tariff.

When will he pay the 35% tariff on everything that he,his family & the Trump COMMUNIST sympathizers imported & buy from COMMUNIST GHINA?
How much COMMUNIST GHINA crap do you own?

Today's HYPOCRITE troll lesson.

YesYNot says

US home buyers will pay the price, but they will have the satisfaction of knowing that more of their home was grown in America.

It will add $1200 to build a new home in the US. Not a bog deal. Probably less in California because homes are smaller.

Trump directly produced those 1200 jobs. The 10K loss is Obama's fault. That much, he can tell you.

The writer didn’t source his claim of 10k job losses due to higher priced timber. How do we know that is accurate? Places like Denver are so short on construction workers that the lead is nine months for beginning house construction.
Which jobs... exactly... were lost?

www.youtube.com/embed/6PsZQqwnjg4

anonymous says

Good the more building costs and interest cost the less those shit shacks will be worth when people stop buying them or renting them because the rent's too damned high!

What is the alternative?

Is the Trumpcuck wet dream that everyone be homeless?

Amazing that somebody actually seriously asks this.

Stop supporting the market, stop quantitative easing (this is merely printing money, it's direct inflation), allow interest rates to hit market rates, enforce laws against market manipulation, and prosecute illegal actions in the banking and financial services.

We have a national debt that doubles, every 8 years. If you doubt this, here's our debt:

http://www.polidiotic.com/by-the-numbers/us-national-debt-by-year/ Please verify the numbers.

And the calculation of the debt (if it doubled every 8 years):

1971 $398,129,744,455.53
1979 $796,259,488,911.07
1987 $1,592,518,977,822.15
1995 $3,185,037,955,644.31
2003 $6,370,075,911,288.63
2011 $12,740,151,822,577.27
2019 $25,480,303,645,154.55
(we are here - see, this is a 50 year trend, think it's going to suddenly change?) - and here we're going
2027 $50,960,607,290,309.11
2035 $101,921,214,580,618.23
2043 $203,842,429,161,236.46

If the laws were enforced, the markets were allowed to be free either housing would plummet, or we'd have massive inflation. Neither is going to happen.

What will happen, is that will re-balance by making the dollar worthless, and nearly all assets liabilities.

Austrian economists have been warning about this for DECADES. Well, the few that are left when we actually practiced that system - they're all nearly dead, so we're all Keynesians now. It's like a 99.9% to 0.01 trade. When the bottom falls out of this the Austrians who have been preparing for this (and there's plenty who have been intentionally gaming the system) are going to be obscenely rich - as long as they can survive societal breakdown.

This depression will make the last one look like a mild, short recession.

richwicks says

and nearly all assets liabilities.

How would all assets become liabilities?

I can think of one example:

When the price of oil went negative in 2020, people had to pay to store it.

WineHorror1 says

richwicks says

and nearly all assets liabilities.

How would all assets become liabilities?

I may be reaching a bit here but in the sense that a [physical] asset needs to be secured and protected in a hyper inflationary environment - thus it becomes a liability. That's SHTF stuff and I don't think that's what richwicks was alluding to however.

anonymous says

What is the alternative?

Hear that Sucking Sound? That's the sound of the RE Market taking a shit. Don't worry about what the poor little poor people will do. They'll sleep in their cars and save up money to buy those houses back when the rent seeking scumbags lose their Asses.

2x4x8's are now $5 each at my local Home Depot ad Lowe's.

2 x 4 x 8 now $4 at my local Home Depot.

zzyzzx says

2 x 4 x 8 now $4 at my local Home Depot.

PRICED OUT OF LUMBER FOREVER!!!!