Increasing material costs

[Andy Pembleton]

I have no doubt in my mind that I want to try my hand at real estate investing and just jump right in. However, due to the pandemic, and from my current experience of working at a building supply yard, I am made aware of the rising costs of materials and how it is affecting contractors that come in. 

Does anyone have any thoughts on this one? Would it be better to wait for things to stabilize and prices to go back down, or just go for it? Shortage on material isn't very promising and may increase carrying costs because of the waiting for things to come in. 

[John Teachout]

I've noticed rises in materials as well. And they are not insignificant. One recent example is a 32" interior door I bought last week for $103.00. A couple months ago it was about $78.