[tharkun__]

I could definitely believe this. Renting something is a hassle and risky. Tenants can easily trash the place requiring expensive repairs. Especially if you don't live close by to have an eye on things.

Also I've heard about apartments and commercial rental space staying empty because people can borrow money against the 'value'. If rents drop that value shrinks. If it sits empty, no such problem. You still borrow against that commercial property that rents for $5000 a month. You were just unlucky finding a tenant the past 5 years.