timhb / todha, page-8

for those who think the property is of such quality it will retain its value,just remember a lot of the property is covered in assets the company do not have direct recourse over,that being the case the property value is directly related to the enterprise it contains,the land per se has no real value and arguably even less with someone else asset legally parked on it.

think of land held under a mining lease and it must be sold,who will buy an encumbered property