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Politics : Ask Michael Burke

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To: Earlie who wrote (49049)	3/1/1999 5:58:00 AM
From: valueminded	Read Replies (1) of 132070

Earlie / Mike / All A couple of more thoughts for you and others. I am going through the process of building a house, (last built 3 years ago, but have decided to move about 20 miles closer in) For a no inflation environment, consider the following price comparisons: Grading / Hauling +30% Lumber/windows +7% Concrete/brick/masonry +30% Drywall +20% Electrical/HVAC/Plump +8% As a matter of fact, drywall material cost has increased by 50% in three years, but the constancy of labor has held the total increase down to about 20%. Overall, when you weigh in what it costs material wise, I figure about 5%-6% is closer to our inflation. <imo> Also, it looks like I was wrong on expecting a full tech recovery last Friday, but it will be in the cards this week. Given the internet high fiving sessions (oops I mean investment conferences) and our Fed chairmens predilection for printing money to fuel asset inflation. (Although, I believe some bondholders are recognizing that money supply growth which exceeds economic growth by a large supply may not be a good thing for rates) imo

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