Is Black Friday coming for renters?

[mee]

Beverly Hanks wrote:

<quoted text>
This will not happen in Asheville. Our area is highly sought after with a strong real estate market.

Have you heard of a place called Florida? And what about Arizona or Nevada?

They were highly sought after as well.

[Penny Smith]

What wrote:

Btw, though I speak from a Landlord's perspective on this issue, we had our days as renters too. We cared well for those homes and the property of others. I guess priorities have changed. Too many hand-outs rather than hand-ups have been given and HUD seemingly could care less whether they are being scammed and frauded or not. They get a handle on that then maybe those who have fallen on hard times and really need their help will have a better chance with Landlords who want to care enough to help them too.

I had my hard times but I never asked for a hand out. You are lucky you have a home and a spare to rent out. Beg your pardon but sounds more to me you had poor judgement in who you rented to. I have been poor as a church mouse but I never tore up other peoples property,Granny didn't raise me that-a-ways.

[Landlord and Landlordess]

Penny Smith wrote:

<quoted text>I had my hard times but I never asked for a hand out. You are lucky you have a home and a spare to rent out. Beg your pardon but sounds more to me you had poor judgement in who you rented to. I have been poor as a church mouse but I never tore up other peoples property,Granny didn't raise me that-a-ways.

Doesn't work that way. It's costly to run "real" background checks on people, not those $19.99 pieces of crap you see advertised on the web. You can't refuse to rent unless you have a real bullet proof cause. Most landlords can't afford to get tied into litigation because some piece of trash decides to lodge a prejudice complaint and it doesn't have to be about color. Most landlords are trying to keep their places in good repair and solvent and working fulltime jobs to boot hoping there investment and sweat equity will give then $30K to $40K when they sell in 7 to 10 years. In our units hot water heaters, stoves, refrigerators, air conditioning, and furnaces always needed attention or replacing usually because of the abuse they got from deadbeat and mental midget tenants.

What it taught us is most people are good hearted and will try to hold up their end of the bargain. But it's the small group of deadbeats and renters that don't respect other peoples property that make a seasoned landlord wary of everyone. They are the ones that take real money out of the owner's pocket. And their is no profile for deadbeats, some look real good and some look real bad. It got so bad at one point we insisted on two months rent in advance before anyone could move in or turn utilities on. That kept a lot of the trash away.

[What]

Landlord and Landlordess wrote:

<quoted text>
Doesn't work that way. It's costly to run "real" background checks on people, not those $19.99 pieces of crap you see advertised on the web. You can't refuse to rent unless you have a real bullet proof cause. Most landlords can't afford to get tied into litigation because some piece of trash decides to lodge a prejudice complaint and it doesn't have to be about color. Most landlords are trying to keep their places in good repair and solvent and working fulltime jobs to boot hoping there investment and sweat equity will give then $30K to $40K when they sell in 7 to 10 years. In our units hot water heaters, stoves, refrigerators, air conditioning, and furnaces always needed attention or replacing usually because of the abuse they got from deadbeat and mental midget tenants.
What it taught us is most people are good hearted and will try to hold up their end of the bargain. But it's the small group of deadbeats and renters that don't respect other peoples property that make a seasoned landlord wary of everyone. They are the ones that take real money out of the owner's pocket. And their is no profile for deadbeats, some look real good and some look real bad. It got so bad at one point we insisted on two months rent in advance before anyone could move in or turn utilities on. That kept a lot of the trash away.

Very true. Let's not forget the records that are not up to date from state to state or the slime and/or extended family that visits permanently after the fact. Animals smuggled in. You name it. Section 8 making sure that none of the responsibility is theirs regardless what happens and even when they are the ones that are terminating the assistance (payments to the Landlord) because the tenant didn't keep their meeting with HUD or whatever. The eviction is still on the Landlord. Then, not only are they not getting the tenant's portion, they aren't getting the money from Section 8 either.

Now, landlords with decent places can't get the rents they need because anyone who can pay them can probably qualify for even more government help since only first time home owners can get those perks right now.

[What]

Correction: First time home buyers.