We're not trying to bankrupt ourselves over a space that won't be frequently used! 

Either there was a significant number of people who were underwater, and bankrupt, or some other reason a significant number of people stopped paying their dues, like a disaster that was not covered by insurance and no one could afford to fix.

I hear he has since gone bankrupt, divorced & moved to NC to ply more havoc. 

Don't over leverage yourself and go bankrupt.

One builds it, next generation mismanages and bleeds it dry, third generation goes bankrupt.  

There are those edge cases where they need storage very temporarily while moving, but even then, it's the cost of only a month or two and that's not going to bankrupt anybody.

Having witnessed the carnage of bankrupt landlords firsthand, I swore off of debt.

Morally & financially bankrupt political leadership, increasing taxes and continued net population outflows.

@Charisse RyanBankruptcy proceedings are very complicated, and if the bankrupt’s attorney doesn’t fully explain all details to his client, his client may be under false impressions.

Miss your mortgage payment because someone is no longer paying it for you, get your notes called because you are now delinquent and potentially foreclose, or even go bankrupt...Not very likely but most certainly possible and anyone who denies that well, look at the facts and history.