It’s National Property Parasite Day!

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This is what happens when you drag the anchor on economic values:

The REIA is excited to support the launching of the inaugural National Property Manager’s Day, an initiative by the REINSW and supported by the state and territory Real Estate Institutes.

The event will take place on 24th July 2020 and will be a day to recognize the amazing efforts of the residential and commercial property managers across Australia during the COVID-19 pandemic.

“Property managers have been the unsung heroes of the pandemic, working at the coalface and dealing with issues around tenants and property owners who have also lost their jobs” said Adrian Kelly, President, REIA.

“The property managers are the ones who have worked in the background to find solutions as best they can in the current environment.

“This work is continuing as the pandemic is still prolific and especially as the non-eviction period comes to an end.

“Property managers are the backbone to many estate agency businesses, the quiet achievers who work very hard every day in an environment where every minute of the day counts, looking after tenants just as much as property owners.”

The campaign will be promoted using the hashtag #nationalpropertymanagersday

Parasites picking the flesh off renters carcasses is now worthwhile of a national day of celebration?

Talk about sticking your head up the anus of the services economy. What’s next? Knighthoods for realtors.

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Why doesn’t the REIA put a hat around to support front line staff in the health sector instead.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.