this post was submitted on 12 Sep 2023
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[–] [email protected] 0 points 1 year ago (1 children)

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.

[–] [email protected] 2 points 1 year ago (1 children)

Ah yes. The imaginary GDP created from trading properties with each other.

[–] [email protected] -3 points 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.