Negative equity more expensive then even high rents

3200 PORT ROYALE DRN 1409, Fort Lauderdale FL 33308 MLS ID# F975765

● 2 Bed, 2 Bath
● 1,400 Sq. Ft.
● On the MLS at $260,000
●Purchased on 4/19/2005 for $395,000
● For a loss of $135,000 or about 34.1%

Note all the low rize buildings in the picture, they are all rental apartments, I know because I live in one of them. They rent for less then 2k per month even the ones on the water. But if this guy had rented one at 2k per month he'd be out less then 80k instead of 135k.

I guess I should factor in condo expenses, property tax's, and insurance none of which as a renter do I pay.