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Rent collections are down in New York

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Re: Rent collections are down in New York

#161
post #142

Earlier quoted context omitted.

I can afford to live in my city because my landlord isn’t able to tack an extra $2000 to my rent due to the sudden influx of AI bros.

Pity the boonyman who was afforded no such luxury

Are AI bros infesting the boonies now

Re: Rent collections are down in New York

#162

Earlier quoted context omitted.

If you force people to have someone in their house that they don't want, they are not going to rent their house out. This will lead to less units on the market. Your point about racism is fair, but I don't think the answer is a solution that reduces rentable units on the market.

What alternative solution to housing-related racism would you suggest?

The one that actually exists? Have you never heard of the HUD fair housing initiatives programs? You hire a white actor and a black actor with the same job, income, credit, etc and if a landlord consistently refuses to rent to the black actors, you sic the DoJ on them for violating the Fair Housing Act

Re: Rent collections are down in New York

#163

Earlier quoted context omitted.

So say they do get evicted eventually, what are their chances of getting the next rental?

i assume they also owe back payments? with interest?

Blood from a stone. Sure the landlord could theoretically go after them, but they would spend a bunch of money on legal fees for someone that will probably never pay it back.

Re: Rent collections are down in New York

#164

Earlier quoted context omitted.

Where has it been successful, and what counts as success in that? I genuinely do not know.

Primarily Vienna. There's nothing complicated about what Vienna did - other cities just prefer to please billionaires instead of providing services to citizens.

Do you actually know what Vienna did? Because the overwhelming number of people who reference the city basically just repeat a few dubious talking point about restricting rent.

Re: Rent collections are down in New York

#165
post #37
post #27

Earlier quoted context omitted.

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

Yeah.... So many bad tenants. So many bad landlords... So many weird laws protecting and hurting both. What if we shifted to a different system?

Then housing couldn't be used as retirement savings and the economy would collapse immediately

Re: Rent collections are down in New York

#166
post #49

Earlier quoted context omitted.

The question that many do not want to think about. We (as a society (referring to all Western Liberalism, not just the US)) are so thoroughly convinced that Liberal Democracy is the End of History, and it's the 'flawed but best,' as many say, but refuse to imagine something better. It's puzzling that a system that is supposed to reward creativity and genius like capitalism limits it's inhabitants in their imagination…

What would you like us to imagine? So far everything that we've tried at scale other than liberal democracy and capitalism has inevitably led to war, famine, and genocide. Western liberalism appears to be the only system that empirically works. Some would claim that "socialism with Chinese characteristics" works better, but if you look below the surface prosperity in first-tier cities the actual economic situation is…

If everything but liberal democracy and capitalism lead to war, famine, and genocide, and we're currently trying capitalism and it's not working, then maybe it's time to try liberal democracy

Re: Rent collections are down in New York

#167

Why isn't it automated yet? You delay your rent and your door key stops working. Also perhaps there should be a new field for startups (yes i'm aware of 'proptech' but there has to be more than that), that will collect dirt on tenants to threaten them with legal consequences unless they pay.

> Why isn't it automated yet? You delay your rent and your door key stops working.

Cyberpunk: Edgerunners has an excellent scene where something like this happens to a kid down on his luck.

Re: Rent collections are down in New York

#168

Earlier quoted context omitted.

I anecdotally know of a few cases in Seattle where tenants with high incomes that could easily pay just don't. There is a subculture that actively encourages this type of behavior and the laws are setup such that there are almost no consequences for it. I've also met people who bragged about doing it. While rare, it is still common enough that it has become a real problem and has become socially acceptable in some ci…

It's not rare. I repeat. It's not rare. I am a landlord in Seattle with ~55 active tenants/leases. Let's just say that I know of many landlords in the circles I run in that have absolutely stopped renting to leftie types because they've had so many issues over the last few years with many of them over litigating everything; and deciding not to pay rent over the smallest non-issues, or just not paying rent at all. I c…

> And when there are other demographic groups—like immigrants—who are absolutely, verifiably and consistently reliable as tenants.

I know someone with something like 120 units. Unassuming nice old lady that makes over a million a year. She tries to rent to immigrants as much as possible since they don't cause issues.

Re: Rent collections are down in New York

#169

Earlier quoted context omitted.

I anecdotally know of a few cases in Seattle where tenants with high incomes that could easily pay just don't. There is a subculture that actively encourages this type of behavior and the laws are setup such that there are almost no consequences for it. I've also met people who bragged about doing it. While rare, it is still common enough that it has become a real problem and has become socially acceptable in some ci…

It's not rare. I repeat. It's not rare. I am a landlord in Seattle with ~55 active tenants/leases. Let's just say that I know of many landlords in the circles I run in that have absolutely stopped renting to leftie types because they've had so many issues over the last few years with many of them over litigating everything; and deciding not to pay rent over the smallest non-issues, or just not paying rent at all. I c…

The net effect is most of the people I know with a rental or two in Seattle will only rent via direct referrals from people they know, which also allows them to rent at a lower rate. Their properties are no longer available to the general public. The demand is high enough that this works. Sucks if you are new to Seattle though.

This kind of non-payment of rent abuse exploded during COVID.

Re: Rent collections are down in New York

#170
post #150

Earlier quoted context omitted.

It's not rare. I repeat. It's not rare. I am a landlord in Seattle with ~55 active tenants/leases. Let's just say that I know of many landlords in the circles I run in that have absolutely stopped renting to leftie types because they've had so many issues over the last few years with many of them over litigating everything; and deciding not to pay rent over the smallest non-issues, or just not paying rent at all. I c…

Honest question - how do you know a potential tenant is “leftie type”?

Honestly? not op but that seems easy.
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