> If it wasn't profitable on average it would be sold asap.
To who? If it can't be profitable, why would anyone else want to buy it? Maybe you'll get lucky and find another sucker, but then you're just pushing the same problem onto the next guy.
Outside of that, about all you can do is disappear as if you never existed and let the fate of the property land where it may. But as humans tend to be strongly loss averse, more likely you'll keep plugging along in hopes that one day things will turn around.
> To who? If it can't be profitable, why would anyone else want to buy it? Maybe you'll get lucky and find another sucker, but then you're just pushing the same problem onto the next guy.
Someone will almost assuredly buy it at a low enough rate. It's either that or actively lose money each month.
Tbh i'm still confused by your argument. Are you saying that you believe people will, month after month, take a loss for years so that someone can live more cheaply in a house than it would take that same person to own the home themselves?
Economies of scale is the only way this plays out in the long term in any stable way. No?
> Someone will almost assuredly buy it at a low enough rate.
Let's examine that. If you were selling it to yourself you would charge yourself $0. We have established, for the sake of argument, that you can't turn a profit renting out the place. Which means that even $0 is too high. Are you suggesting that the rate is negative? i.e. You will pay someone to take it off your hands? I think at that point you may as well just disappear into the night and never come back.
I mean, maybe you're thinking that this hypothetical person is trying to heat the place with $100 bills and the next guy to come along can cut costs dramatically by switching to natural gas, but I think for the purposes of discussion we can assume that the costs are already reasonably minimized. Are there small gains to be made with economies of scale? Sure, but I don't know if they are significant enough here.
> Are you saying that you believe people will, month after month, take a loss for years so that someone can live more cheaply in a house
I'm saying losses in business are the norm. It's not done out of the goodness of one's heart, it's just the nature of business being largely unpredictable and hard. I expect if you are discerning in your choices you can also continually eat at restaurants that see the restauranteur pay out of their own pocket for you to eat there. Even most software never turns a profit.
To who? If it can't be profitable, why would anyone else want to buy it? Maybe you'll get lucky and find another sucker, but then you're just pushing the same problem onto the next guy.
Outside of that, about all you can do is disappear as if you never existed and let the fate of the property land where it may. But as humans tend to be strongly loss averse, more likely you'll keep plugging along in hopes that one day things will turn around.