[Gustomaximus]

> In the housing market, landlords do sometimes pay for upgrades to their rental properties, but they are less likely to do so than owner-occupiers.

Is that a fair companrison? An owner occupier will often over capitalise because they desire something or have a lifestyle benifit beyond money. A rental owner wil look at dollars in/out. With the ships, its all coming down to a spreadsheet of cost vs benifit for both owner and hirer.