UK boom
Interesting, so basically the entire UK boom is based on house prices going up fueling house prices. Most of the new jobs generated were either in estate agents, finance companies lending mortgages, or legal companies in guess what.... housing.
So Joe Bloggs buys a house creating work for an estate agent, a banker and a lawyer, who recruit staff who buy houses so creating more work. Then those who already have a house sell their house to buy a bigger one with the profits they've made, ad infinitum....
Simple really, why bother trying to manufacture things.
Interesting, so basically the entire UK boom is based on house prices going up fueling house prices. Most of the new jobs generated were either in estate agents, finance companies lending mortgages, or legal companies in guess what.... housing.
So Joe Bloggs buys a house creating work for an estate agent, a banker and a lawyer, who recruit staff who buy houses so creating more work. Then those who already have a house sell their house to buy a bigger one with the profits they've made, ad infinitum....
Simple really, why bother trying to manufacture things.
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