re: #58 Hecuba’s daughter

He could also be underwater because the vultures in the real industry will low-ball the value of the properties to get them at bargain basement prices. They are circling overhead eager to pluck at his carcass and get buildings for less than they are worth. OTOH, his net worth without that consideration may be negative — or a fraction of his assertions.

This is a risk everyone takes when they buy fixed assets for investment.
Its why they’re categorized as long term/not readily convertible to cash for value.
Everyone knows a forced/distressed sale reduces the price/current market value.

Ever buy a house from someone who had to sell?