Rhrosty,
You make your points very well but I really think you have to put real estate agents in the cage where they belong and let the devour each other, which they would,

REAs are the parasites of society. They live off lies and deceit.

The whole of the real property foundation could be turned on its head for the better of all if the massive superannuation holdings in this country were plowed into the home building mortgage market.
It is hard to see money being lost in real developed property as opposed to the fantasies of stock market dealing.