In a sudden turn of events landlord has decided to sell our home. They sprung it on is last minute when the promise was to hold the rental indefinitely.
In our market here in South Vancouver Island, there will be a bidding war before our home is sold to the richest land developer for well over asking. We will most likely be evicted. We are a new family with a 5 month old infant daughter.
I'm sure some of you might consider me apologist, but I don't blame them. Hear me out (1/)
When our landlords originally bought our place their dream was to keep the small rental and build their retirement home on the same lot.
Our landlords are wonderful people. They've always been friendly, rarely ever raised the rent, fixed any issue we've had in less than a week. They'd fix things in even shorter order if it was critical.
Then one of them had a stroke. They had a car accident. Their entire retirement plan was de-railed by medical issues. (2/)
The property taxes climbed beyond what we were paying for rent in our hot market within 2 years.
For four years they've been losing savings in mortgage payments, property expenses and incidentals while we enjoyed affordable rent.
The straw that broke the camel's back was when one of them fell 2 stories from their deck while doing repairs and suffered further debilitating injury.
The only reasonable path to respite was to give up the property for 2x what they bought it for (3/)
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