I'm sure that many did . . . Just like I'm sure that many did not . . .
You're a businessman and your income is based on your location along with other factors. It costs you a lot more to move that it does some guy in a two bedroom apartment who isn't expecting to live there for the rest of his life anyway. If he can keep extra money in his pocket today, he will and he will worry about tomorrow when it comes.
even those not working, but making more on unemployment should've kept paying. i coulda played that game at my shop and had a significant amount of extra money in my account. but i didn't want to have back due rent. it's too hard to catch up.
the vast majority of those who are now behind are behind for no other reason than themselves.
First . . . I think that California wants to pay off everyone's back rent!
After that terrible idea, landlords will likely be able to rework mortgages because the banks do NOT want the properties. The same goes for homeowners who have fallen behind. Yes, some MAY bail at high prices but for rentals, it's difficult to find investors because they know they are buying at the top of the market. For homeowners, they are going to need to live somewhere. If you sell at the top, you're buying at the top. Many may move to rentals to wait out the bubble but this will drive rents up.
Banks do not want to be in the RE business. It almost always results in a loss for them.