Many years ago I worked up some statistics about local v branch banks in a particular region. I thought they'd prove that the more prosperous communities had more local banks. The poorest county had the most deposits, relative to size, in local banks, and there really was no pattern. It still feels like it should make a difference, but does it?
Underlying this conversation and many others, there is an assumption that there is an army of small local builders/developers waiting to spring into action if larger players are somehow suppressed. That is not consistent with my observations over many years. Yes, there are small players doing good work in some places, but the demand here and so many other places is in the thousands (or tens of thousands) of units. Is that demand really going to be met by the small guys?
A good read.
Many years ago I worked up some statistics about local v branch banks in a particular region. I thought they'd prove that the more prosperous communities had more local banks. The poorest county had the most deposits, relative to size, in local banks, and there really was no pattern. It still feels like it should make a difference, but does it?
Underlying this conversation and many others, there is an assumption that there is an army of small local builders/developers waiting to spring into action if larger players are somehow suppressed. That is not consistent with my observations over many years. Yes, there are small players doing good work in some places, but the demand here and so many other places is in the thousands (or tens of thousands) of units. Is that demand really going to be met by the small guys?