greeed. most people would rather have nothing then just enough. you see plenty of store fronts sit empty in towns that desperately need business. its because they want to rent them for too much money. they would rather loose money to taxes and let the place fall apart than accept less than they THINK its worth. even if the place sits vacant forever. even if they are hungry and poor. they would rather loose it to the tax man than rent it cheap..
my father in law has a house he rents out. he wants $1000 a month for it. my friend offered him $600 a month CASH , with several months up front. 2 years ago. my in law would not accept the deal. he said he wanted $1000/mo. well, that was two years ago. no one has rented the place since. now, from lack of maintainance pipes have frozen, grass and weeds have taken over. things that would be ok if someone was living there are now falling apart. my friend didnt care about having to fix and maintain small things. my F.I.L. hasnt been able to do all the work cause we live too far away.
so which would have been better. $600/mo for 2 years, or $0, plus the place is falling apart. I tried to point this out to him and he said "im not giving this place away for free. i want $1000/mo. its a nice house. If i cant get $1000/mo ide rather it just sit here."
so there you have it. we cant pay the mortgage on the house we live in. we are gonna get kicked out, lose all the mortgage payments weve made, and have to move back into the rental. which needs alot of work now from sitting vacant. probably gonna lose alot of belonging, as they wont all fit in rental house. also will lose shop, and acres of property. all because he didnt want to rent the house for $400 less a month than he was asking.
oh, btw, he has to make mortgage payments on the rental as well, and has been making them for the last 2 years.
soooo, greed.. stupidity??
i would rather give something away than let it goto waste. i am in the minority.