Because there is going to be a return.
It's actually a market that they don't understand. When you talk about higher risk, I would caution that frequently things are viewed as higher risk simply because the market is not understood and because the risks are not understood.
Again, there has not been the scale there, so that's one of the reasons there hasn't been a market. It's the same thing in lending on the east side of Vancouver. There's no one doing it, so no one understood that it really wasn't a risk and that those homes would be worth over a million bucks each nowadays.
Anyway, I would recommend caution, in that markets tend to move where the easiest money can be made, whether you're a condo developer who doesn't want to develop rental housing or.... Frequently, smaller markets where there actually is a return potential are overlooked.