I was heartened to hear on today's news that the Government has reversed its decision to allow foreign ownership of residential property. I was also bemused to hear the Opposition describe this as backflipping and point out that the situation has returned to that which we had under the Howard government. I guess it's all relative as clearly Howard wasn't too precious about foreign ownership of Australian companies or Australian icons. But I certainly do support any initiative to make it more affordable for people to own their own home. And letting greedy foreigners buy it up in no wise helps.