> This is interesting to imagine, but how? I ask the same question too, because when people speculate on computing: > security of the present value of future

> This is interesting to imagine, but how? I ask the same question too, because when people speculate on computing: > security of the present value of future property rents often > replacement cost of tangible industrial capital, structures, plant, and equipment values Are often included included in the models because often this is the collateral that can actually have a liquid market value in the event of liquidation, but this is also subject to market conditions at the time this needs to be liquidated and the cost of actually liquidating. Not to mention it would lower loan values since other non tangibles are often considered (IP, investor sentiment on corporate managers executing any given strategy, market conditions, etc).