Comment

Comment by hcurtiss

This is all so silly. I work in the lumber business. We always, every day, at all times, sell our lumber to the highest bidder. But for the first ~3 weeks of the pandemic, our sawmills ran flat out -- more production than ever. Notwithstanding that fact, we saw unprecedented pricing -- because demand was radically outpacing supply. A true "super cycle" driven, I believe, by robust federal stimulus. That's since corrected significantly as interest rates have cooled home building and repair/remodel. But the idea that we made a bunch of money during the pandemic because we were greedy and jacked up prices is hilarious. We are just as greedy today as we were a year ago -- and making very little. We always sell to the highest bidder. I have no idea how we'd even do it otherwise -- a lumber lottery? All of this reporting about corporate greed is truly dumb.
parent hcurtiss 3 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton