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Indigo Wolf
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Comments by "Indigo Wolf" (@indigowolf556) on "CNBC" channel.
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Yeah the credit report is a big joke. You can have bad credit maybe you were late with a few bills but you have excellent rental history and they still won't rent to you. Here in Washington State a law was passed about two maybe three years ago that allows a tenant to make security deposit payments to the landlord but most landlords don't want that they want the money all up front. So if they get somebody from Seattle that has a big chunk of money that rental unit will go to them and the people who have lived in my little town for years get screwed.
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I believe some of this video but not all of it. Because the high cost of rent where I live in Washington state has always been a little pricey and big cities like Seattle are always going to be more expensive because there's more jobs there more businesses are in bigger cities than they are in the suburbs. But the thing is that rent started to go up probably 2016/2017. And they really jumped in 2019 when the pandemic came. I live in a tourist area and people from all kinds of States move here because they are retiring and they have money they move from places like California where they had homes of millions of dollars and then they buy a cheaper place here well not that our houses are cheap they are pricey but it's cheaper than where they were living like in San francisco. And so they're retiring. And then you have people that look at a picture and say oh that's a pretty place I'm going to live here. And then they rent a place while they build a house which created a bottleneck. And of course where I lived the land is very very expensive and there isn't a lot of it because it's in elantrust. And there is no talk about affordable housing. And so I'd like to know what people think affordable housing is. Is it oh I'm going to rent a studio for $1,800 a month or I'm going to rent this one bedroom apartment for $3,000 a month? What about the people that are living on social security retirement or people who are living on social security disability and people who are low income getting disability or retirement and have section 8. That's a huge problem. Because HUD does not go to market rates. If there is a one bedroom for rent and say that rent is $1,900 a month well HUD is only going to pay maybe $1,000 so you have to figure out if you can get a place that's that much or a roommate and if you are on section 8 having a roommate it doesn't even work out financially. So maybe those equations need to change maybe HUD has to really go what the market rate is. And I think rent control is a great thing California is tenant friendly Washington state is not. And our minimum wage for Washington state is a little over $14 an hour and there's tons of jobs because people quit during the pandemic every place is hiring even the hospital is hiring but no one wants to work because they quit their jobs.
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When the airbnbs came out especially where I live cuz all the sudden overnight it turned into a friendly Little hippie town and now it's an Airbnb vacation destination people were turning their homes into airbnbs. Of course some of them were doing it illegally and not going by the rules and regulations of the city and or county and hotels and motels were getting ticked off because they were taking business away from them and people were buying up places and turning them into airbnbs some people lived in these rentals for 10 years and now all the sudden they were being kicked out
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