He milked it Big Time.

Its painfully outdated and recycled info that hasn't been reconsidered in years. 

Worcester is one of those markets that are last to rise, and first to go down, during a RE cycle. 

My thought is that the owners have just been milking these places for all they could and letting Rome crumble around them.

@Jeremy Lewis Yes. just recycled my profits over and over.  

@Greg Gibson the RE cycle is slowing down.

It's easy to clean, durable, water resistant, and looks great.Another thing I really like about it, is that it's recycled materials, so it is green friendly. 

if there was not failure by landlords in a significant way there would not be hardly any properties to buy.. they would all be performing and ginning along just fine.. since they are not building any new ones.. its just recycle the old inventory from burnt out landlords who give up their dream of thinking low end rentals is financial freedom.Nicer assets while no immune have so much better chance of treating the landlord right over the course of the years.. better tenants more stability..  

So they are going to milk it. 

We recycle tenants all the time.