CurlyWurlies4All@slrpnk.net to Australia@aussie.zoneEnglish · 1 year agoIntergenerational Report 2023: Australian economy built on rent seekers who produce nothingwww.smh.com.auexternal-linkmessage-square25fedilinkarrow-up193
arrow-up193external-linkIntergenerational Report 2023: Australian economy built on rent seekers who produce nothingwww.smh.com.auCurlyWurlies4All@slrpnk.net to Australia@aussie.zoneEnglish · 1 year agomessage-square25fedilink
minus-squareDkarma@lemmy.worldlinkfedilinkarrow-up1·1 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-squaremorry040@kbin.sociallinkfedilinkarrow-up2·1 year agoAh yes. The imaginary GDP created from trading properties with each other.
minus-squareDkarma@lemmy.worldlinkfedilinkarrow-up2·1 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.