protectionist
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- Oct 20, 2013
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- #21
Age discriminationSure, any business (as I used to be) can set his own terms (within govt law). But from another occupation I used to have (college economics teacher), I recall also that all business owners are limited in pricing. If they price too high, they LOSE SALE$$$. And often, this loss can be much more than what gains they can make with higher prices.Apartment Complex owners can call their own shots
Many, many people cannot qualify for a mortgage (rates are still low) because of bad credit. They are flooding the rental market and apartment owners can set their own terms
Simple fact is, landlords are hanging themselves by avoiding LOW RISK tenants (Social Security & VA pensions), and choosing to rent to HIGH RISK tenants (young people with jobs).
A landlord can't turn down a young tennant with money for an old tennant without it. All dollars are created equal and a landlord can't discriminate against dollars. If you are an old tennant without much income but always pay your bills on time, you will have a good credit rating. If you are young, make alot of money but do not pay your bills, you will have a bad credit rating
A landlord can discriminate based on credit rating
1. I'm not talking about discriminating against young people. I'm talking about discriminating against older people with Social Security.
2. Landlords "discriminate against dollars" EVERY DAY with income requirements.
3. When I moved into my current apartment complex I had a bad credit rating. The manager let me move in anyway. Since then, from my stable Social Security & VA pension income, I have paid 55 consecutive rent payments, all on time. Over the same time period, there have been 42 evictions in this complex (all young people who lost their jobs or had divorce issues)
4. I tend to disagree with you on the credit rating issue. Reason being, there is no credit rating just for housing rents. If there was, you'd find a massive number of people with low credit scores, but who simultaneously haven't missed a rent payment in years. Obvious reason > You can get along without paying for a computer system, some medical bills, sporting goods, jewelry, even a car, but you're going to pay for that roof over your head.I don't have the greatest credit score around town, but I haven't missed a rent payment in 30 years.
Credit scores and apartment rental risks are kind of like apples and oranges. Not easily comparable.
Lastly, on some occasions (more than most people realize) landlords LIE. But they still report those lies to the credit bureau. Do you think the CB cares ? They're getting PAID by those landlords, and they're not getting a dime from you.
Credit bureaus are looked upon, functionally, as the equivalents of court judges rendering judgements. That's what your credit score is. A judgement. But if court judges operated on the same basis as a credit bureau, being PAID by alleged creditors, they'd be scorned, disbarred from the courtroom for life, and probably arrested and jailed. (for doing what credit bureaus do every day)