Lumber prices have doubled in the past 6 months as well.

I have an off market Turnkey Triplex I am considering and I have at least 20 properties (combination of SF, Duplex and TriPlexs) that an older couple wants to unload in the next 5 years.

Lumber and concrete prices are through the roof and it doesn't look like they're coming down any time soon. 

Each tree grows huge, supplies about 400 pounds of nuts each year, great animal food, makes great lumber.  

They are looking to unload it ASAP since none of the family members want the responsibility of taking care of it. 

It might work in very limited areas and be a function of a dead market where sellers are desperate to unload their properties. 

Prices of lumber are skyrocketing should be buy now and tie up cash for our upcoming devs, ocean freight pricing tripled should we continue ordering from overseas vendors?

Originally posted by @Sean Massimo:@Jay Hinrichs are you still involved with wood and lumber?

Decks are my biggest bang for the buck outside, as the material isn't that expensive and I can build a standard lumber dimension deck in a day (8x12, 10x12, 12x16). 

Tell me about it Mike... its nuts lately.I have many qualified borrowers Im working with that have a hard time right now.I've been adjusting pre-approval letters on each offer with RE agents to submit and still no acceptance.The sellers just have a lot of choices to pick the cream of the crop.The good thing about the market is it allows sellers to unload (as an investor) their properties at a top tier price.For the buyer/borrower it sucks since its frustrating offer after another.As a banker its frustrating because sometimes we enter escrow then we fall out because of entering escrow at a price too high to appraise for and then we're back to offer after offer to try to get back into escrow.With each challenge there is opportunity though.