4 ms·
Think about all the people behind on their rent and/or need to break their lease (an additional month rent) to move otherwise they risk a court ordered eviction
by vmception 6y ago
Think about all the people behind on their rent and/or need to break their lease (an additional month rent) to move otherwise they risk a court ordered eviction, a debt judgement, and being on the “do not rent” list for all landlords everywhere forever no matter if the monthly rent is 1/10th the amount that caused the problem during a global pandemic.
A $10k cash infusion solves all or a lot of that in most cases.
Many of these people had already considered leaving or walking away.
The bay area is a very transient place of economic migrants, abruptly leaving isn't a major decision for a large population there, just as marginally inconvenient as any move.
Also we are talking about less than 500 applications so far. (1000 applicants, half from california, “many from bay area), bay area is 8 million people.
Hope that provides perspective.
- paxys 6y agoWell you're not getting a $10k infusion. It'll be paid out over a year. And the one application criteria (must already have a stable job which allows working fully remotely) filters out pretty much everyone you mentioned above who has been adversely affected by the pandemic.
- vmception 6y agoI see Then people want to leave! Many people “in tech” or the eligible remote-possible population had many of their transplant friends disperse immediately back in March with a continual slow drain of more people leaving. Tulsa is a No from me dawg, but I understand how people are hopping on the incentive without much deliberation!
- rhacker 6y agoThere's a national Do Not Rent list?
- vmception 6y agoAs soon as your name is called in court in an eviction proceeding it gets added to a list that prudent landlords check. Good luck renting anywhere from then on. People get marginalized to the worst neighborhoods until they can pay to own properties with cash, which usually never occurs.
- xur17 6y agoI'm honestly surprised more places are don't try this - $10k for the potential tax revenue seems well worth it to me.
- burnthrow 6y agoProbably because it doesn't work. You're most likely to attract those with few compelling options anyway.
- vmception 6y agoI bet it’s a distribution of people from all socioeconomic classes. With some just seeing the advertisement for Tulsa and being inspired to move there with this money. So the highest earners eclipse the tax revenue from the lowest that have less lucrative prospects and it is a win.