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A comment on Look at median, and not mean GDP per capita. Parent comment

Re:Look at median, and not mean GDP per capita by gruez on Sunday August 07, 2022 @07:47PM (#32381050)
>Leveraged buying such as real estate is in GDP

Not really. Building new houses contributes to GDP, as does renovating it, but if you're buying an existing house the only part that contributes to GDP is the realtor/lawyer fees.

https://www.nahb.org/news-and-economics/housing-economics/ho...

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Re:Look at median, and not mean GDP per capita by adam_arthur on Sunday August 07, 2022 @07:51PM (#32381075)
How do you think new construction is financed? What do you think has been the biggest contributor to Chinese GDP growth?

Yet you say "not really", which is obviously wrong. Leverage impacts GDP, yes, and in a big way.

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