http://www.cnbc.com/id/41369820 The prices of steel, copper and aluminum — key components in many products — have all crept higher over the past three months amid growing signs that North America and Europe are joining the emerging markets in putting the recent recession behind them. Copper, which is used in cables, wires and all kinds of electrical products, as well as in plumbing and heating... [more]
http://www.cnbc.com/id/41369820
The prices of steel, copper and aluminum — key components in many products — have all crept higher over the past three months amid growing signs that North America and Europe are joining the emerging markets in putting the recent recession behind them.
Copper, which is used in cables, wires and all kinds of electrical products, as well as in plumbing and heating applications, has risen the most, jumping more than 15 percent over the past three months.
My High End Analysis: Will cost more to build new apartments so the value of your property increases.
Not looking for a fight bears just posting some info for those who would like to use it. So, debate the thread information not what I'm about :)
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Response by alanhart
over 15 years ago
Posts: 12397
Member since: Feb 2007
And onions ... don't forget about onions.
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Response by streeteasypost
over 15 years ago
Posts: 30
Member since: Jan 2011
oil?
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Response by columbiacounty
over 15 years ago
Posts: 12708
Member since: Jan 2009
what percentage of the average manhattan apartment valued at $1.5 million is made up of steel, copper and aluminum? 1%?
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Response by steveF
over 15 years ago
Posts: 2319
Member since: Mar 2008
well cc. Simply, I would say 100% b/c w/o the steel there's not apt.
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Response by sledgehammer
over 15 years ago
Posts: 899
Member since: Mar 2009
Great! The statue of Liberty is now worth more $ ! May be Bloomberg can use it as a collateral the city's budget deficit!
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Response by steveF
over 15 years ago
Posts: 2319
Member since: Mar 2008
ericho..commodity bull. what's your take? Future impact of Russia, China, India??
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Response by truthskr10
over 15 years ago
Posts: 4088
Member since: Jul 2009
And price of latex is up 400%, I guess that means the rate of AIDS is going up?
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Response by sjtmd
over 15 years ago
Posts: 670
Member since: May 2009
mud? What about mud huts?
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Response by alanhart
over 15 years ago
Posts: 12397
Member since: Feb 2007
Absolutely, streeteasypost ... cooking oil. Onions, cooking oil, and, let's say, for example, coconuts.
Sorry, streeteasypost, you'll have to eat your chapatis with salt and green chillies, that's all. It's very difficult.
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Response by w67thstreet
over 15 years ago
Posts: 9003
Member since: Dec 2008
Can I add some garlic?
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Response by w67thstreet
over 15 years ago
Posts: 9003
Member since: Dec 2008
Stevef asking Ericho advice is like two pedophiles asking each other how to raise wholesome little children.
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Response by steveF
over 15 years ago
Posts: 2319
Member since: Mar 2008
Man u guys don't have much to do. Do ya? Constantly here. I guess we could you people the shut-ins.
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Response by nicercatch
over 15 years ago
Posts: 242
Member since: Sep 2008
they call it deflation
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Response by somewhereelse
over 15 years ago
Posts: 7435
Member since: Oct 2009
"well cc. Simply, I would say 100% b/c w/o the steel there's not apt."
This is some of the dubmest logic I've ever heard.
Without flooring, there is no apartment. Is that 100% of the value, too?
"Man u guys don't have much to do. Do ya? Constantly here. I guess we could you people the shut-ins."
Project much?
Remember, SteveF is much cooler, because he posts his nonsense on *multiple* boards.
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Response by alanhart
over 15 years ago
Posts: 12397
Member since: Feb 2007
"Project much?" ... do you mean the noun or the verb?
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Response by ab_11218
over 15 years ago
Posts: 2017
Member since: May 2009
stevie, stop watching The Producers or you'll end up upside down like they did....
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Response by jason10006
over 15 years ago
Posts: 5257
Member since: Jan 2009
Why do we have 1800 threads on commodity prices, and where were you when they were plunging a year ago? Still saying "inflation!" even though the above prices were all down. Commodities do not equal everything we buy. Real estate, wages, technology, productivity...these are are all factors.
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Response by somewhereelse
over 15 years ago
Posts: 7435
Member since: Oct 2009
> were you when they were plunging a year ago?
Screaming "apartment prices are going up!" (when they were actually tanking)
;-)
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Response by steveF
over 15 years ago
Posts: 2319
Member since: Mar 2008
what is the problem?? Higher costs to build apartments means higher prices to buy apartments. Inflation and real estate are happily married. They go hand in hand. But let's also not forget that nothing is being built and the economy is firing...can you say "The Perfect Storm"
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Response by malthus
over 15 years ago
Posts: 1333
Member since: Feb 2009
So if I undertand this economic theory correctly, prices for apartments are not determined by the market but by sellers based on their input costs?
A little knowledge is truly a dangerous thing.
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Response by somewhereelse
over 15 years ago
Posts: 7435
Member since: Oct 2009
Damn, does anyone dare explain it to the guy who just wouldn't get it anyway?
> A little knowledge is truly a dangerous thing.
I know... how much money has been flushed down the tubes by guys like SteveF...
well, granted, it ends up with guys like me, so I can't really complain.
And onions ... don't forget about onions.
oil?
what percentage of the average manhattan apartment valued at $1.5 million is made up of steel, copper and aluminum? 1%?
well cc. Simply, I would say 100% b/c w/o the steel there's not apt.
Great! The statue of Liberty is now worth more $ ! May be Bloomberg can use it as a collateral the city's budget deficit!
ericho..commodity bull. what's your take? Future impact of Russia, China, India??
And price of latex is up 400%, I guess that means the rate of AIDS is going up?
mud? What about mud huts?
Absolutely, streeteasypost ... cooking oil. Onions, cooking oil, and, let's say, for example, coconuts.
http://www.google.com/hostednews/afp/article/ALeqM5gyr-n18dCpxlfBO3CYuP56NpUDyQ?docId=CNG.6d8b3a0996aded6a9bfd06907028733c.131
alanhart - now I'm hungry, dammit!
Sorry, streeteasypost, you'll have to eat your chapatis with salt and green chillies, that's all. It's very difficult.
Can I add some garlic?
Stevef asking Ericho advice is like two pedophiles asking each other how to raise wholesome little children.
Man u guys don't have much to do. Do ya? Constantly here. I guess we could you people the shut-ins.
they call it deflation
"well cc. Simply, I would say 100% b/c w/o the steel there's not apt."
This is some of the dubmest logic I've ever heard.
Without flooring, there is no apartment. Is that 100% of the value, too?
"Man u guys don't have much to do. Do ya? Constantly here. I guess we could you people the shut-ins."
Project much?
Remember, SteveF is much cooler, because he posts his nonsense on *multiple* boards.
"Project much?" ... do you mean the noun or the verb?
stevie, stop watching The Producers or you'll end up upside down like they did....
Why do we have 1800 threads on commodity prices, and where were you when they were plunging a year ago? Still saying "inflation!" even though the above prices were all down. Commodities do not equal everything we buy. Real estate, wages, technology, productivity...these are are all factors.
> were you when they were plunging a year ago?
Screaming "apartment prices are going up!" (when they were actually tanking)
;-)
what is the problem?? Higher costs to build apartments means higher prices to buy apartments. Inflation and real estate are happily married. They go hand in hand. But let's also not forget that nothing is being built and the economy is firing...can you say "The Perfect Storm"
So if I undertand this economic theory correctly, prices for apartments are not determined by the market but by sellers based on their input costs?
A little knowledge is truly a dangerous thing.
Damn, does anyone dare explain it to the guy who just wouldn't get it anyway?
> A little knowledge is truly a dangerous thing.
I know... how much money has been flushed down the tubes by guys like SteveF...
well, granted, it ends up with guys like me, so I can't really complain.
;-)
No, its labour. 100%. Marx taught me that.