A corporate manager built a single rental apartment building at a high cost with the aim of earning a large amount of resale profit, after borrowing a large amount of money.
Later, he could not resell the property at the expected price and was unable to repay the debt.
Among corporate executives, examples of successful real estate investments are sometimes reported as if they were bragging.Based on the size of the company's core business, etc., and based on the judgment that ""if that executive was able to do it, then I should be able to do even better,"" making unreasonable real estate investments to compete is one of the factors that can cause corporate executives to fail.