Banks coming back home in apartment boom

  • Article by: JENNIFER BJORHUS , Star Tribune
  • Updated: August 5, 2012 - 7:49 PM

After fleeing the construction market after the housing bubble burst, bankers are backing residential projects again.

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evldedAug. 6, 12 8:41 AM

They got your TARP & Bailouts funds, and now that we've paid the price with our jobs, homes,and more taxes, our good friends, the job creators are swooping back in to gather up yet more profits, and will be up to their old tricks in no time.

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CullenAug. 6, 12 9:25 AM

The banks never should have left the multi-family sector. It never had the price inflation of the single family market, nor the over-building of retail and office space. Furthermore the loan failure rate was low all the way through the recent real estate correction. Over the past year it has been great to see bankers realize the multi-family market was -- and remains -- healthy (it was obvious to all of us that work in the industry!).

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liberaleliteAug. 6, 12 9:55 AM

@evlded, well then do you have millions of dollars to finance multi-family developments?

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wonkavisionAug. 30, 1212:44 PM

I hope they build more apartments downtown. Uptown is just a bunch of noisy drunks. And the so called luxury buildings are starting to look worn. I can't wait to move.

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