You are not wrong, and yet I am torn.
I am writing this from a lovely converted barn that we found on ABB. The owner/family lives on the property and they are the opposite of an evil hedge fund.
It's been a wonderful week, where we take a small amount of pleasure in knowing the $$ we have spent went into the local economy.
If we could find a way to limit owner participation in ABB to situations like this - I'm all for it. Being human (or at least American) we look for loopholes to exploit and ruin the party for everyone else.