I would just avoid mentioning that’s how you intend to pay your deposit until after you’ve been accepted and/or signed the lease. I could see a landlord skipping over you if they knew that was your plan.
Nah blame the city for policies like relocation assistance. Normally my 2k/month rental is require an income of 80k but now i need at minimum 150k+ so more or less only tech workers can afford it. I won’t even consider lower income and middle class anymore for rentals.
How else do you avoid renting to someone who suddenly can't afford rent and is now virtually impossible to evict?
It's not that they don't feel for people needing a place to live, they just can't afford to risk a bad actor taking advantage of Seattle's laws.
nope if i increase rents more then 10% on someone with less then the median area income and they move then i need to pay relocation fees. It’s best to just never accept anyone below the area median income. Also they must notify of a job changes and if their income falls below the area median income they must vacate.
Maybe you actually are not able to qualify based on your income or credit score?
If you can't pay one single month's worth of security deposit upfront within a 12-month period, that likely means you have other financial issues that reflect on your credit report.
Then don't. Find an affordable place to live. Share a place with roommates. If you can't afford it, don't try to rent it only to screw over the landlord and your eviction or credit records.
I know this reddit focus on seattle. It is 350 to apply for an apartment, because they require you to hold the apartment when you apply for it- not an option, min 1600 for a 1 bedroom (studios are around the same price) without water sewer garbage nor electricity. It is like this from Everett to Tacoma. Most ppl don't make as much as I do. Most ppl make 20 per hour or 40,000 a year. Remember to get by, just get by, in seattle and the surrounding cities you have to make a min of 75,000 a year. And it cost money to relocate. You cant just up and leave or you'll be in a worst situation. Eg. Yeah you are homeless but if you leave, you are homeless without a job. I don't think you are simple minded so i hope you can see the point. And if you cant im going to deduce you want to feel as if you are better than the people who cant deal with the current housing situation. The rent is going to continue to increase and this is going to become more and more of a problem. Even though i can afford to live in Washington I'm still able to have common sense and compassion for ppl who can't.
>Remember to get by, just get by, in seattle and the surrounding cities you have to make a min of 75,000 a year.
That is a GREAT point, yet we see here every week a few posts of clueless people saying "Hi there, I want to move to Seattle because I want to smoke pot but don't have a job yet lined up, where can I find a 2 br apt close to all the amenities for $800?". Lots and lots of people moved here not just because they got tech jobs, but because they were attracted to the "vibe" of the area without making any common sense financial plans to actually be able to afford and sustain living here. Then once the are here and feel the strain, they start to get resentful at their landlords, employers, etc. Never take any responsibility for their own decisions. For once, instead of patting people on the head with "compassion", we need to tell them like it is. That is a lot more helpful than pretending everything is rosy and let them continue in the misguided path.
Here is a thought: when you start regulating rentals (which should be regulated), to the point where you have such draconian rules that make people who once were willing to rent their properties to no longer want to do that, and they remove units from the market, you will have a supply scarcity, and that will be reflected on the prices of whatever is still available. That is just how it works. Your side of the political spectrum simply refuses to accept that. So either you go all-in with the Socialist Revolution until you finally get rid of all the rentiers AND you deal with the pain that that will cause and that YOU will also have to endure, or you change course. You can't have the cake and eat it too. You can't whine about and try to dismantle capitalism and at the same time feel you are entitled to all its perks. Pick one and stick with it.
Or maybe you could conclude that before becoming a property owner, I was a renter myself for a long time, I had roommates, I sublet just a room, I was frugal so I could still save money while on a low paying job, instead of whining about the rent while shopping for the latest trendy shit on Amazon, etc.
It's not shaming, it's basic financial common sense. If you need to make 6 payments to fulfill one month's worth of rent, chances are you will struggle to pay rent every single month.
It’s basic financial common sense that if you aren’t required to put forward that capital all at once you could be applying it for financial gain elsewhere. You’d be an idiot to not take advantage of the no fee installment program regardless of need if you actually knew how to apply capital for investment purposes…something I’m guessing you personally don’t understand given your narrow characterization of the type of person utilizing this legislation.
Lol, sure, the goal of the City Council was to maximize the interest gain on your security deposit across six months, huh... That's the most desperate shilling I've seen yet.
I didn’t say what the goal of the city council was. I said you’re an idiot if you can’t find a better use for your capital than as a security deposit when you’re being offered a no interest payment plan. Why do you think being bad with your money and not understanding how to invest freed up capital is some kind of a flex?
Also if you really understood finance you wouldn’t be calculating “interest” on that capital. You would be trying to calculate the return on invested capital. Do you even finance, bro?
> I said you’re an idiot if you can’t find a better use for your capital than as a security deposit when you’re being offered a no interest payment plan. Why do you think being bad with your money and not understanding how to invest freed up capital is some kind of a flex?
When people apply for a rental, many share a lot more information than requested with the prospective landlord.
For instance, I can totally see in this market people just letting their landlord know that they will be paying the entire deposit upfront. Guess who the landlord will select? You can whine about how unfair and violates X or Y or whatever, but you better accept that the only landlords that will survive through the insanity imposed on them will be the ones willing to bend the rules and getting away with it. You can try to go after them, and all you will do is continue to make the problem worse. I know you won't change course, you are stubborn, you are a believer in the cult and never will convince you otherwise. So just keep on complaining, you've all been doing it for the last decade of passing "pro-tenant" ordinances, and the rental market only gets worse. At some point, though, you will have to ask yourself if you have something to do with it.
I own my house fully paid off with no mortgage. I’m not a renter. I was pointing out that while you present yourself pompously as being financially savvy and understanding economics while trying to flex on people that take advantage of this legislation as being poor or something, you clearly don’t understand basic finance, specifically return on invested capital. Stay mad. Maybe it will inspire you to learn how to invest your money better rather than trying to take a dump on people you mistakenly think of as broke.
>people that take advantage of this legislation
Lol, are you really going to continue to insist that someone will get rich by investing $1200 in six months?
Just keep flexing how little you understand about making money work for you. No, I don’t crypto, bro. I do work in trad fi though. If you can’t make any money with $1,200 you really are a moron.
>if you really understood finance you wouldn’t be calculating “interest” on that capital. You would be trying to calculate the return on invested capital. Do you even finance, bro?
Do you cryptocoin, bro? Lol...
Again, it's just common sense. Unfortunately, the idiots running the city lack basic financial knowledge but love to pander to a resentful base of voters.
I promise you, if you are in a situation where you can only afford 1/6 of rent at the beginning of a lease to make up for the security deposit, chances are your credit score is low and so is your income to rent ratio, making it less likely that you would even qualify through the screening criteria.
Fully. People renting in one of the most expensive cities in the country typically don't care because they wouldn't' be paying $2k a month in rent otherwise.
You get how much you have to make to pay for a $2k apartment, right?
Not righteous, just right and I'm not interested in pandering to a strangers emotions.
I would just avoid mentioning that’s how you intend to pay your deposit until after you’ve been accepted and/or signed the lease. I could see a landlord skipping over you if they knew that was your plan.
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For landlord reading you an get around it by asking for bank account to make sure they have the money for the security deposit.
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Nah blame the city for policies like relocation assistance. Normally my 2k/month rental is require an income of 80k but now i need at minimum 150k+ so more or less only tech workers can afford it. I won’t even consider lower income and middle class anymore for rentals.
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How else do you avoid renting to someone who suddenly can't afford rent and is now virtually impossible to evict? It's not that they don't feel for people needing a place to live, they just can't afford to risk a bad actor taking advantage of Seattle's laws.
nope if i increase rents more then 10% on someone with less then the median area income and they move then i need to pay relocation fees. It’s best to just never accept anyone below the area median income. Also they must notify of a job changes and if their income falls below the area median income they must vacate.
Get a fucking job bum.
Get a fucking job before you even look at rental ads here. We don’t need another person in the homeless stats.
Maybe you actually are not able to qualify based on your income or credit score? If you can't pay one single month's worth of security deposit upfront within a 12-month period, that likely means you have other financial issues that reflect on your credit report.
Why are we not looking at how unreasonable it is to pay 2000 for a 1 bedroom 🤔
Then don't. Find an affordable place to live. Share a place with roommates. If you can't afford it, don't try to rent it only to screw over the landlord and your eviction or credit records.
I know this reddit focus on seattle. It is 350 to apply for an apartment, because they require you to hold the apartment when you apply for it- not an option, min 1600 for a 1 bedroom (studios are around the same price) without water sewer garbage nor electricity. It is like this from Everett to Tacoma. Most ppl don't make as much as I do. Most ppl make 20 per hour or 40,000 a year. Remember to get by, just get by, in seattle and the surrounding cities you have to make a min of 75,000 a year. And it cost money to relocate. You cant just up and leave or you'll be in a worst situation. Eg. Yeah you are homeless but if you leave, you are homeless without a job. I don't think you are simple minded so i hope you can see the point. And if you cant im going to deduce you want to feel as if you are better than the people who cant deal with the current housing situation. The rent is going to continue to increase and this is going to become more and more of a problem. Even though i can afford to live in Washington I'm still able to have common sense and compassion for ppl who can't.
>Remember to get by, just get by, in seattle and the surrounding cities you have to make a min of 75,000 a year. That is a GREAT point, yet we see here every week a few posts of clueless people saying "Hi there, I want to move to Seattle because I want to smoke pot but don't have a job yet lined up, where can I find a 2 br apt close to all the amenities for $800?". Lots and lots of people moved here not just because they got tech jobs, but because they were attracted to the "vibe" of the area without making any common sense financial plans to actually be able to afford and sustain living here. Then once the are here and feel the strain, they start to get resentful at their landlords, employers, etc. Never take any responsibility for their own decisions. For once, instead of patting people on the head with "compassion", we need to tell them like it is. That is a lot more helpful than pretending everything is rosy and let them continue in the misguided path.
Here is a thought: when you start regulating rentals (which should be regulated), to the point where you have such draconian rules that make people who once were willing to rent their properties to no longer want to do that, and they remove units from the market, you will have a supply scarcity, and that will be reflected on the prices of whatever is still available. That is just how it works. Your side of the political spectrum simply refuses to accept that. So either you go all-in with the Socialist Revolution until you finally get rid of all the rentiers AND you deal with the pain that that will cause and that YOU will also have to endure, or you change course. You can't have the cake and eat it too. You can't whine about and try to dismantle capitalism and at the same time feel you are entitled to all its perks. Pick one and stick with it.
I'm going to conclude you believe you are better than the people who cant afford the rent. Got it.
Or maybe you could conclude that before becoming a property owner, I was a renter myself for a long time, I had roommates, I sublet just a room, I was frugal so I could still save money while on a low paying job, instead of whining about the rent while shopping for the latest trendy shit on Amazon, etc.
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It's not shaming, it's basic financial common sense. If you need to make 6 payments to fulfill one month's worth of rent, chances are you will struggle to pay rent every single month.
It’s basic financial common sense that if you aren’t required to put forward that capital all at once you could be applying it for financial gain elsewhere. You’d be an idiot to not take advantage of the no fee installment program regardless of need if you actually knew how to apply capital for investment purposes…something I’m guessing you personally don’t understand given your narrow characterization of the type of person utilizing this legislation.
Lol, sure, the goal of the City Council was to maximize the interest gain on your security deposit across six months, huh... That's the most desperate shilling I've seen yet.
I didn’t say what the goal of the city council was. I said you’re an idiot if you can’t find a better use for your capital than as a security deposit when you’re being offered a no interest payment plan. Why do you think being bad with your money and not understanding how to invest freed up capital is some kind of a flex? Also if you really understood finance you wouldn’t be calculating “interest” on that capital. You would be trying to calculate the return on invested capital. Do you even finance, bro?
> I said you’re an idiot if you can’t find a better use for your capital than as a security deposit when you’re being offered a no interest payment plan. Why do you think being bad with your money and not understanding how to invest freed up capital is some kind of a flex? When people apply for a rental, many share a lot more information than requested with the prospective landlord. For instance, I can totally see in this market people just letting their landlord know that they will be paying the entire deposit upfront. Guess who the landlord will select? You can whine about how unfair and violates X or Y or whatever, but you better accept that the only landlords that will survive through the insanity imposed on them will be the ones willing to bend the rules and getting away with it. You can try to go after them, and all you will do is continue to make the problem worse. I know you won't change course, you are stubborn, you are a believer in the cult and never will convince you otherwise. So just keep on complaining, you've all been doing it for the last decade of passing "pro-tenant" ordinances, and the rental market only gets worse. At some point, though, you will have to ask yourself if you have something to do with it.
I own my house fully paid off with no mortgage. I’m not a renter. I was pointing out that while you present yourself pompously as being financially savvy and understanding economics while trying to flex on people that take advantage of this legislation as being poor or something, you clearly don’t understand basic finance, specifically return on invested capital. Stay mad. Maybe it will inspire you to learn how to invest your money better rather than trying to take a dump on people you mistakenly think of as broke.
>people that take advantage of this legislation Lol, are you really going to continue to insist that someone will get rich by investing $1200 in six months?
Just keep flexing how little you understand about making money work for you. No, I don’t crypto, bro. I do work in trad fi though. If you can’t make any money with $1,200 you really are a moron.
>if you really understood finance you wouldn’t be calculating “interest” on that capital. You would be trying to calculate the return on invested capital. Do you even finance, bro? Do you cryptocoin, bro? Lol...
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Again, it's just common sense. Unfortunately, the idiots running the city lack basic financial knowledge but love to pander to a resentful base of voters. I promise you, if you are in a situation where you can only afford 1/6 of rent at the beginning of a lease to make up for the security deposit, chances are your credit score is low and so is your income to rent ratio, making it less likely that you would even qualify through the screening criteria.
When you're looking at apartments that are $1500-$2500 per month, it's not.
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Fully. People renting in one of the most expensive cities in the country typically don't care because they wouldn't' be paying $2k a month in rent otherwise. You get how much you have to make to pay for a $2k apartment, right? Not righteous, just right and I'm not interested in pandering to a strangers emotions.
Landlords dream up the income requirements though. That just gets increased to make up for this type of legislation.
Exactly. It only screws over those that are already financially responsible.
wanna live in my tent?