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<p>[QUOTE="GeorgeM, post: 4832861, member: 28550"]Property demand is not universally distributed. Some areas have strong job sectors (despite Covid) & limited inventory, and are seeing very tight supply with demand pushing prices up. In other areas, rising property taxes, declining school quality, and the hollowing out of the job market (especially in manufacturing) are causing a near freefall. My perception is that in most areas, people seem to be hunkering down and working on home improvement projects instead of flipping houses as they once did.</p><p><br /></p><p>Look at the demand for in-ground pool installations. The prices are up 30% over what they were last year, and there are 6-month waiting lists!</p><p><br /></p><p>How this relates to th le future of PM prices, I'm not sure. The problem with wild swings in prices is that government intervention will almost certainly folllow. And it's hard to predict who the winners and losers will be in the plutocracy/swamp 2.0 that we increasingly live in.[/QUOTE]</p><p><br /></p>
[QUOTE="GeorgeM, post: 4832861, member: 28550"]Property demand is not universally distributed. Some areas have strong job sectors (despite Covid) & limited inventory, and are seeing very tight supply with demand pushing prices up. In other areas, rising property taxes, declining school quality, and the hollowing out of the job market (especially in manufacturing) are causing a near freefall. My perception is that in most areas, people seem to be hunkering down and working on home improvement projects instead of flipping houses as they once did. Look at the demand for in-ground pool installations. The prices are up 30% over what they were last year, and there are 6-month waiting lists! How this relates to th le future of PM prices, I'm not sure. The problem with wild swings in prices is that government intervention will almost certainly folllow. And it's hard to predict who the winners and losers will be in the plutocracy/swamp 2.0 that we increasingly live in.[/QUOTE]
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