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The bank's core competencies don't lie in real estate investment (of the direct kind) nor in stuff like property management. As far as I'm aware there's no law
by eropple 8y ago
The bank's core competencies don't lie in real estate investment (of the direct kind) nor in stuff like property management.
As far as I'm aware there's no law demanding they turn around and sell, but it makes a lot of sense to.
- mikefivedeuce 8y agoNot a law but regulatory capital requirements on speculative real estate make it uneconomical for the banks to hold the properties.
- cestith 8y agoBanks are interested primarily in liquid assets. There's not much less liquid than real estate.