Seems like there must be some analytical answer to the question – “Why don’t banks ramp up the staff ?”
I mean, if the situation is still “whoever panics first wins” (or loses the least), why don’t they staff up and manage it. Everyone is hurting for work. They could staff up pretty cheap.
Maybe the banks see appreciation in these properties over the next few years, or maybe peterb is right – it isn’t growth, so why fund it ?