4 ms·

Even if a case is shown to be baseless, just being sued can hurt a tenant’s ability to rent a new apartment. We have this list, we have credit score lists, CLU

Even if a case is shown to be baseless, just being sued can hurt a tenant’s ability to rent a new apartment. We have this list, we have credit score lists, CLUE, and even sex offenders lists... How about one more: The "I'm a cartoon villain" list. If you, for example, evict a little old lady in your greed for more rent even though your net worth exceeds some given amount, you get added straight to the list. Because that's cartoon level villainy right there. That should follow you for life.

sigstoat 8y ago
if the property is owned by a REIT, which is itself owned largely by retirees, who exactly goes on the list? (i just looked up a bunch of major REITs, and only EQR, Equity Residential, has >1% ownership by insiders. despite that, it has ~96% institutional ownership, with vanguard at 14.4%.)
- ryanobjc 8y ago
  This is the right answer, because ownership of property and rental income has become securitized and made in to these complex financial instruments. The real work has gotten very complex indeed.
  - dd36 8y ago
    Automated greed. It's like a block chain where nobody is really in charge.
- noonespecial 8y ago
  As tempting as it is to just completely diffuse the blame and claim its "nobody" or "the system", there are humans at the tip of the spear. Even if its just the lawyers who choose to take the case or the muscle who shows up to do the eviction. "I'm just doing my job" when you're obviously taking a helpless old lady's home factors out to "I knew it was wrong, I just did it for the money". Our loss of shame as a society and as individuals is truly dumbfounding.
  - perl4ever 8y ago
    Sounds like you might be interested in David Hogg's boycott of Vanguard, albeit for different reasons. To me, it's just tilting at windmills, but that seems to be becoming more popular these days.

4 ms·

Even if a case is shown to be baseless, just being sued can hurt a tenant’s ability to rent a new apartment. We have this list, we have credit score lists, CLU

by noonespecial 8y ago

sigstoat 8y ago
if the property is owned by a REIT, which is itself owned largely by retirees, who exactly goes on the list? (i just looked up a bunch of major REITs, and only EQR, Equity Residential, has >1% ownership by insiders. despite that, it has ~96% institutional ownership, with vanguard at 14.4%.)
- ryanobjc 8y ago
  This is the right answer, because ownership of property and rental income has become securitized and made in to these complex financial instruments. The real work has gotten very complex indeed.
  - dd36 8y ago
    Automated greed. It's like a block chain where nobody is really in charge.
- noonespecial 8y ago
  As tempting as it is to just completely diffuse the blame and claim its "nobody" or "the system", there are humans at the tip of the spear. Even if its just the lawyers who choose to take the case or the muscle who shows up to do the eviction. "I'm just doing my job" when you're obviously taking a helpless old lady's home factors out to "I knew it was wrong, I just did it for the money". Our loss of shame as a society and as individuals is truly dumbfounding.
  - perl4ever 8y ago
    Sounds like you might be interested in David Hogg's boycott of Vanguard, albeit for different reasons. To me, it's just tilting at windmills, but that seems to be becoming more popular these days.