Intergenerational Report 2023: Australian economy built on rent seekers who produce nothing - eviltoast
In Australia, why do people who produce nothing get rewarded the most?
www.smh.com.au
The current housing pain might feel like an acute moment, but it is really the culmination of decades of policy in which every factor has pulled in the direction of making housing unaffordable.
  • Dkarma@lemmy.world
    11·
    1 year ago

    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.

      • Dkarma@lemmy.world
        25·
        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.