Losing $250,000 | My Response To TheStradman

"In the Stride Man's case, it's not like he could just front $250,000 and store a whole bunch of wood in a warehouse. Instead, builders update their quotes periodically throughout the construction process and then adjust as needed depending on what materials have gone up or down in price. In a normal market, fluctuations like this are usually pretty minor. But in this case, the lumber cost has doubled."

"So, the problem is, for every month the project gets delayed, it costs him an extra $6,000 for his loan, interest payments, rent on both the house and a warehouse, and a multitude of other costs that just continue to add up. Not to mention, he only has a one-year loan to complete the house. So, if it's not done by April of 2022, he will be paying fees on fees on fees."

"One week after he posted the video, lumber prices didn't only go down, they went up another 33%. And now they're expected to go up even more due to worsening supply chain issues."

"The cost of PVC, drywall, copper pipe, and wiring is up 25 to 40% year-over-year. and even items like garage doors and insulation has gone up 10 to 25% with wait times of 16 weeks just to receive the product."

"building costs across everything on average are up 20%."

"I think we're at about 2.5 million is what it'll be. Originally, it was about it was just over 200,000. I anticipate we'll probably be about 2.7 2.8 if I had to guess."

"And I am praying that we'll be done next summer."

"prepare for 3 million and prepare by uh probably another year and few months."

"I would bet you $1,000 now. It's going to be 18 months."

"I'm going to say 12 months."