Money for new banks, but not for new homes

by WOHe

Driving home from work last night I saw a construction site in front of a strip mall. I’ve noticed it for a few days now, but saw the “Coming Soon†sign for the first time only yesterday. Any guesses what it’s going to be?

A bank.

Now, I’ve visited seven cities in the past seven weeks to meet with architects, builders and remodelers, and somebody needs to explain to me how builder after builder tells me they can’t get a penny from banks to do anything, yet this bank has enough money to build a brand new building.

In fact, when asked to rank the top threats to success in 2009, more than 600 readers who completed our 2010 Market Trends survey placed “The economy in general†as tops on the list, and “Banks won’t lend to clients or us†in second place.

What’s the deal?

What are banks doing in your market?

Let me know by sending me an e-mail. Or, scroll up to the first paragraph of this blog entry, look to the right and click where you see, “Leave a comment†or “Post or view comments.â€

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