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Spain (since it's in Europe, though you could say the same about ME countries) is an example that housing does not drive growth. Growth can drive housing and ho
by csomar 2y ago
Spain (since it's in Europe, though you could say the same about ME countries) is an example that housing does not drive growth. Growth can drive housing and housing shortages can hamper growth but housing on its own does not drive growth.
- matt-p 2y agoI think that's a bit debatable. In Barcelona there's a shortage of housing and more would grow growth. In a random town building more houses does promote construction led economic growth even if not other growth.