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Why are people under selling everyone?

Noticing the last few ads which are way below the price of what a cheap hotel room costs, let alone getting a 2 and 3 bedroom condo. I realize it is a tough market right now and I also have not rented much, but what purpose does under selling your unit make? At the new rental fee rates posted, none of us are going to break even let alone make even a small profit. These fees figure out to be less than a dollar per square foot of usable living space in the units at Bonnet. As an owner I am concerned that these prices do adversely affect how people view the quality of the units. I wonder if it doesn't cheapen the units that are for rent? Most of us know that cheaper rarely means quality and isn't it quality for a reasonable price that sells?