It is because you can’t make cash flow on the land prices.
For the bank it is a risk position. During the last inflation of land, prices retraced to 1/3 of the high. Rural banks did learn something.
11 posted on 04/03/2023 4:47:42 PM PDT by PeterPrinciple
(Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)