Tell me again why banks won't lend on land?

After extensive research into this question, I have some significant findings:

Some banks will lend on land deals (usually it means that the borrower is A+ credit).

Most banks had a rash of land defaults in the "Great Depression" of 1929-1938.

Ever since then, the Bankers Manual of Lending has been handed down from bank president to bank president over the ensuing years...

Chapter 2 in the Bankers Manual of Lending is entitled: "Make a bad land loan and you are toast!"

Chapter 13: "Learn from the past - Don't lend on land"

Chapter 21: "Would you rather have a loan on income producing property, or on 30 acres of bare dirt? (that isn't bringing in a penny of income)"

As you can see, this secret banking manual is the reason why it is so hard to get a loan on land.

If you need research on other "hot" lending topics, just let me know. I will have my crack research team get right on it.

If you want to skip the research and just deal with a no-nonsense
hard money lender that specializes in land loans
then feel free to check it out.

Chapter 32: "Grooming habits of a banking professional" - The part about nose hair had me howling..