It's a chain that I don't like to see perpetuated.

Some just make perpetual threatening phone calls.Some start court actions, so they get a money judgment which they can use to at least garnish state income taxes (you can't garnish federal returns).Property owners need to start asking PMCs HOW they will execute their services, so owner expectations can be better met:)

It effectively means a fixed term is in practice a lease in perpetuity until the tenant decides to terminate or the landlord pays a penalty. 

It's very easy to fall into the perpetual cycle of "but is it good enough?"

Have you ever encountered someone from the northern regions expressing a desire to retire in a perpetually cold and overcast place where they'd spend their days shoveling snow in sub-zero temperatures?

As Michael Borger said, trying to "invest" in Hawaii for a cash flowing vacation rental probably wont end well, despite it being very tempting.And again Bobs self invested bias towards this phoney perpetual appreciation speculation in the Honolulu market in silly at best.  

I personally would not perpetuate that practice, even if it meant not being able to pursue my REI interests. 

Most C20's still perpetuate the arcane tribal formula of 1ton per 500sq ft.

It *does* perpetuate the debt cycle but you're also resetting your timeline when it comes to mortgage interest dedications.

Yes, it's expensive to suffer closing costs on the acquisition loan, and then refi 6 or 9 months later....but it's not a perpetual deal.