正文
The total dollar amount of housing "value" is currently estimated at: $22 trillion
Based on an average property tax rate of 1.5%, this yields: $337 billion in state revenue per year.
The number of housing units sold per year has averaged: 9 million (but much less lately)
Which equals a total yearly revenue of:$2 trillion
Which fed the gigantic "Securitization Machine, yielding: tens of billions of dollars for Wall Stree.
Then,of course, all these rotting, termite-ridden McMansions need constantmaintenance and upkeep which I estimated at 2% annually, yielding anadditional: $45o billion for contractors, home improvement stores and associated groups.
And finally, annual commissions for real estate clerks was just announced at:$65 billion.
Based on an average property tax rate of 1.5%, this yields: $337 billion in state revenue per year.
The number of housing units sold per year has averaged: 9 million (but much less lately)
Which equals a total yearly revenue of:$2 trillion
Which fed the gigantic "Securitization Machine, yielding: tens of billions of dollars for Wall Stree.
Then,of course, all these rotting, termite-ridden McMansions need constantmaintenance and upkeep which I estimated at 2% annually, yielding anadditional: $45o billion for contractors, home improvement stores and associated groups.
And finally, annual commissions for real estate clerks was just announced at:$65 billion.
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