Here's an answer for you rebel.
It's not just banks . Many companies have sold off real estate over the years as they see it as capital tied up that could be used elsewhere . Another example is ' just in time ' manufacturing that most of the majors use . No sense having all that capital tied up when it can be used for a higher return somewhere else . Most management people these days have short term goals and effectively work from year to year budget wise . If they can see a short term gain ( free up cash ) then they'll surely take it .
Think about the value of property that banks own . Centre of town , prime position etc . That's some blue chip RE that they are sitting on .
Also , as banking services change to online and phone , having that physical structure is probably not needed any more . I imagine that you may not be able to walk in to a bank ( in it's current traditional form ) in 5 years time .
- Forums
- Property
- interesting question
Here's an answer for you rebel.It's not just banks . Many...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)