That's true. But quite a bit of land is held by people who own it outright. They can and will hold it for a long time. Clearly, land like that is not the issue for BB&T. Land purchased for development - residential or commercial -is the issue. I have zero idea how much exposure BB&T has here but I note that some seemingly informed posters have alluded to what is supposedly a common commercial loan practice at BB&T: personal performance collateral or guarantee. To me that means the borrower has alot more on the line than the success of a project or LLC.