I am in the same position as Carlsbadliving:
The owner of my condo bought 20 years ago and their taxes are right on line with that timeframe.
My property management is kind of suspect but at least I know won’t be booted because the owner is in dire straits.
However, I do have one anecdote to share:
My good friend rents one of those giganta-normous homes in N. County and he is now being harrassed (sp.?) by the owner to either buy this place or be allowed to put it on the market so the owner can sell the place. good luck. This particular owner had no problem telling my friend that he owns multiple homes in Ca. and elsewhere and is losing money fast. On this particular home in question the owner is losing over 2200k/month because that is the difference between the rent and the mortgage. My friend signed an 18 month lease and he has another year on the lease.
I told my friend he better seek some legal advice as this situation is going to get dicey in the coming weeks.
