Morgan wanted to squeeze the most money from his 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 housing market crashed. Morgan and Doug couldn’t pay their mortgage and went bankrupt. Morgan ended up homeless while Doug managed with help from his friends.