CurlyWurlies4All to [email protected]English • 1 year agoIntergenerational Report 2023: Australian economy built on rent seekers who produce nothingwww.smh.com.auexternal-linkmessage-square24fedilinkarrow-up192arrow-down12
arrow-up190arrow-down1external-linkIntergenerational Report 2023: Australian economy built on rent seekers who produce nothingwww.smh.com.auCurlyWurlies4All to [email protected]English • 1 year agomessage-square24fedilink
minus-square@Dkarmalink0•1 year agoI didn’t claim that tho. I said that moeny goes somewhere…it has to. Either back to the bank for a new mortgage or a condo. Op made it look like that money just vanishes. Even in the case of a big bad company they’re paying agents and web designers and advertising. Google what percentage of gdp is real estate in the US… https://www.statista.com/statistics/248004/percentage-added-to-the-us-gdp-by-industry/ Oh look…it’s literally the biggest contribution.
minus-squaremorry040linkfedilink2•1 year agoAh yes. The imaginary GDP created from trading properties with each other.
minus-square@Dkarmalink-3•1 year agoGdp is added to every time a real estate transaction is closed,yes. Get a clue dude ur out of ur league and simply looking stupid now.
I didn’t claim that tho. I said that moeny goes somewhere…it has to. Either back to the bank for a new mortgage or a condo.
Op made it look like that money just vanishes. Even in the case of a big bad company they’re paying agents and web designers and advertising.
Google what percentage of gdp is real estate in the US… https://www.statista.com/statistics/248004/percentage-added-to-the-us-gdp-by-industry/
Oh look…it’s literally the biggest contribution.
Ah yes. The imaginary GDP created from trading properties with each other.
Gdp is added to every time a real estate transaction is closed,yes. Get a clue dude ur out of ur league and simply looking stupid now.