Economics

I fully agree, and so does my finance degree, and yet that's the bullshit UBS did and I suspect most banks do when valuating people. I was shocked, but they wanted my business.

Here is another example. I sold the house I bought for $250k. Before I sold it it was being valued by my banks at $1mil+ by using area comps, except that my home was old and modest and the comps were new builds after the old neighborhood homes were demolished. Actual sales price was $475k of which I netted less than $450k. That's over $500k worth of bullshit valuation. Don't even get me started on art, watches, and jewelry.