Beacon Hill Investor Bound in Brotherhood
Beacon Hill Investor Bound in Brotherhood
Morgan and Doug owned Beacon Hill apartment rental building together.
Morgan wanted to squeeze the most money from the Beacon Hill tenants while Doug had more compassion.
“Raise rent too high,” Doug said, “and people won’t be able to afford it,”
Morgan replied, “That’s too bad. Let them move out. We’ll replace them with a better class of people.”
“It’s not ethical, Morgan. You have to treat people fairly. You can’t take advantage of them.”
In two years, the Boston apartment rental market crashed. Morgan and Doug couldn’t pay their mortgage and went bankrupt. Morgan ended up homeless while Doug managed with help from his brotherhood of friends.
Love thy neighbor
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Peace be with you
