It's all good
If there's a piece of advice worth remembering, "don't declare victory early," is the one not to forget. I say this knowing the housing market is in decline, but the real estate spruiker has a hide thicker than ten inch beef jerky and they don't give up easily, especially not when their highly leveraged hide is on the line. If you're looking for the most accurate indication of what real estate industry arrogance is about, then look no further. Back on November 4, the Real Estate Industry of Australia issued a press release offering Wayne Swan and Joe Hockey some friendly advice on the banking sector: The decision to initiate a Senate Inquiry into aspects of the Australian banking sector is positive as the banks need to be examined regarding products offered, fees and charges and the current level of competition between bank and non-bank providers. In addition to the Senate Inquiry, REIA notes the Opposition’s Nine Point Plan and agrees the following proposals...