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Rent collections are down in New York

politico.com

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Re: Rent collections are down in New York

#21

[flagged]

The question raised by the article isn't why people don't pay their rent; it is why the number of people not paying their rent has increased. Occam's Razor suggests that the most likely reason is also the simplest one: that prices have risen much faster than wages, making even fixed rents less affordable.

Re: Rent collections are down in New York

#22

Earlier quoted context omitted.

What in the world does conspicuous consumption by race have to do with TFA?

[flagged]

I agree with the skull calipers comment, you came out of left field with the race shit and all benefit of the doubt for dog whistles left a few years ago

Re: Rent collections are down in New York

#23

> “There is a subset of people, maybe the smallest subset, who are literally making a choice not to pay rent, and we don’t do well with acknowledging that but there is a subset for whom that is the case,” [...] Others bristle at the notion that some tenants are not paying rent just because they may be able to get away with it. These people absolutely exist. To pretend that they don't is willful ignorance. They are, h…

There's entire Reddit communities of these people where they encourage and validate their shitty behavior. With some of the stories I've read, you'd have to be positively insane to be a small-time landlord these days, especially in these large cities with kooky renter protections that make it nearly impossible to evict someone. Go watch Pacific Heights with Michael Keaton for a fictionalized account but this stuff ab…

I have friends and coworkers that want to have rental properties, and I advise them it's not worth it.

I don't want to be in a position where I have to pay more to fix damages than I collectected in rent if I accidentally rent to deadbeats. Or in a position where I have to provide services to someone not paying me.

One of those friends has parents that rented out their old house to deadbeats at the top of the housing market instead of selling it. Those deadbeats have been nothing but trouble and yet my friend still wants to be a landlord.

Somehow the idea of owning rental properties became a pervasive notion in the U.S.

Re: Rent collections are down in New York

#24

> “There is a subset of people, maybe the smallest subset, who are literally making a choice not to pay rent, and we don’t do well with acknowledging that but there is a subset for whom that is the case,” [...] Others bristle at the notion that some tenants are not paying rent just because they may be able to get away with it. These people absolutely exist. To pretend that they don't is willful ignorance. They are, h…

In my city, and I assume many others, there's an informal landlord's group that shares lists of problem tenants to avoid renting to. While problematic, I wonder if it's made any impact.

Re: Rent collections are down in New York

#25
People can't afford to live and food comes before paying your landlord? Economy is fucked right now. Income inequality pushes any gains into the hands of the wealthy.

And frankly, more and more people are willing to stuff their landlord if they feel their landlord isn't holding up their end of the deal.

Re: Rent collections are down in New York

#26

> “There is a subset of people, maybe the smallest subset, who are literally making a choice not to pay rent, and we don’t do well with acknowledging that but there is a subset for whom that is the case,” [...] Others bristle at the notion that some tenants are not paying rent just because they may be able to get away with it. These people absolutely exist. To pretend that they don't is willful ignorance. They are, h…

There's entire Reddit communities of these people where they encourage and validate their shitty behavior. With some of the stories I've read, you'd have to be positively insane to be a small-time landlord these days, especially in these large cities with kooky renter protections that make it nearly impossible to evict someone. Go watch Pacific Heights with Michael Keaton for a fictionalized account but this stuff ab…

This is a bit of an intentional result, no?

the goal is for peoppe to own the places they live in

Re: Rent collections are down in New York

#27

> “There is a subset of people, maybe the smallest subset, who are literally making a choice not to pay rent, and we don’t do well with acknowledging that but there is a subset for whom that is the case,” [...] Others bristle at the notion that some tenants are not paying rent just because they may be able to get away with it. These people absolutely exist. To pretend that they don't is willful ignorance. They are, h…

There's entire Reddit communities of these people where they encourage and validate their shitty behavior. With some of the stories I've read, you'd have to be positively insane to be a small-time landlord these days, especially in these large cities with kooky renter protections that make it nearly impossible to evict someone. Go watch Pacific Heights with Michael Keaton for a fictionalized account but this stuff ab…

If you think the Reddit communities of tenants are bad, you should try reading the Reddit communities of landlords (at least the UK ones).

Re: Rent collections are down in New York

#29

> “There is a subset of people, maybe the smallest subset, who are literally making a choice not to pay rent, and we don’t do well with acknowledging that but there is a subset for whom that is the case,” [...] Others bristle at the notion that some tenants are not paying rent just because they may be able to get away with it. These people absolutely exist. To pretend that they don't is willful ignorance. They are, h…

In my city, and I assume many others, there's an informal landlord's group that shares lists of problem tenants to avoid renting to. While problematic, I wonder if it's made any impact.

Usually this is handled with credit reports right? It’s only when the state forbids landlords from demanding credit reports that informal networks are necessary.

In general as a tenant you can only get away with not paying rent once (until eviction happens, no one will ever rent to you again without federal or state assurances), and as a landlord you will only skip the credit report requirement once (because your first tenant is going to be a deadbeat who screw’s you).

Re: Rent collections are down in New York

#30

[flagged]

We've banned this account.

Don't register accounts to post vile comments like this. We don't care what the source is; we care about the insinuation and the agenda, and everything it pattern-matches with. We've already banned a previous account of yours for one of the most egregious comments ever seen here. Please stop wasting everyone's time.

We detached this subthread from https://news.ycombinator.com/item?id=48623195 and marked it off topic.

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