Would you pay $100 for a sheet of plywood? I know that sounds absolutely crazy, but we are almost there. The price of plywood has been soaring into the stratosphere in recent weeks, and analysts are telling us that it will remain high for the foreseeable future. Memes about plywood have started to pop up all over social media, but this is no joking matter. These extraordinarily high prices are causing a lot of pain in the homebuilding industry, and many Americans have had to postpone construction plans indefinitely. Unfortunately, our national leaders continue to flood the system with even more new money, and that is going to cause even more extreme inflation in the months and years to come.
Prior to the pandemic, any discussions about plywood on social media were likely to be painfully boring, but now everything has changed. Thanks to skyrocketing prices, plywood has suddenly become a very hot topic, and one post on Facebook that circulated quite widely ended up getting national attention…
