October 5th, 2010

Random Violin

Because of course it's all the bank's fault.

Probably the most bizarre statement a customer has ever made to me - "My house had better value up at least $50,000 more than I paid for it two years ago, or I'll be considering changing banks!"
Oh-kay... I know that bank-bashing is flavour of the month, and since the GFC it's common practice to blame banks for every little thing, but holding us accountable for property values is probably as out-there as it's going to get. Someone really needs to gain understanding of the terms "independent valuation" and "falling market".
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