[epistasis]

I can understand a small time house investor not renting out the house, and I see that all around me, in a very very tight housing market. Small time owners of 2-3 houses, especially those who have paid off the mortgage, avoid the hassle of renting because they have limited time to seek out tenants and deal with them, or limited tolerance for risk from a bad tenant.

But I can not for one moment understand a cooperate buyer not renting it out; they have more than enough capacity to rent out homes, they can spread risk across lots of properties, and any time not spent renting is merely money left on the table, which would come back to bite any manager that is leaving a lot of money on the table.