A lot of that money eventually percolates down the conomic food chain into people's paycheques and stuff...
I'd really like to believe that, except in my experience all it does is move around like a large fictitious shoggoth. :P
The money for paycheques and whatnot is not the money that real estate people move around. Real estate money goes into real estate in a weird imaginary cycle of imaginary money. If someone pulled the plug on the computer system that handles it, the entire real estate market would cease to exist. That's my private theory, anyway. ;)
Yes, I know it's not all on one system. I just prefer to live here in my happy delusion that some day someone will snap and bring the whole house of cards down with them. :)
Re: FWIW...
I'd really like to believe that, except in my experience all it does is move around like a large fictitious shoggoth. :P
The money for paycheques and whatnot is not the money that real estate people move around. Real estate money goes into real estate in a weird imaginary cycle of imaginary money. If someone pulled the plug on the computer system that handles it, the entire real estate market would cease to exist. That's my private theory, anyway. ;)
Yes, I know it's not all on one system. I just prefer to live here in my happy delusion that some day someone will snap and bring the whole house of cards down with them. :)