Comment on Intergenerational Report 2023: Australian economy built on rent seekers who produce nothing
Dkarma@lemmy.world 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… statista.com/…/percentage-added-to-the-us-gdp-by-…
Oh look…it’s literally the biggest contribution.
morry040@kbin.social 1 year ago
Ah yes. The imaginary GDP created from trading properties with each other.
Dkarma@lemmy.world 1 year ago
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.