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Portland, OR solved that problem by making landlords accept the first offer which matches the stated requirements. Which leads to some… interesting incentives :
by noahtallen 5y ago
Portland, OR solved that problem by making landlords accept the first offer which matches the stated requirements. Which leads to some… interesting incentives :p
- selestify 5y agoPlease do say, what interesting incentives appear? :)
- coolspot 5y agoHigh-frequency apartment trading. If you don’t submit your application in first 50ms after listing is up - you lose.
- seanmcdirmid 5y agoSeattle has this also. It leads to very stringent requirements, with little room for flexibility, you also have to the first qualified person to respond to an ad. It has also led to a lot of rental supply not being advertised, relying on personal connections to find tenants instead.
- Root_Denied 5y agoIt's also difficult to nail landlords on, so it goes largely unenforced (at least in Seattle). Most renters aren't going to be able to afford to take a landlord to court over an apartment they didn't get, they're just going to keep hunting because they're usually on a strict timeframe to move.
- seanmcdirmid 5y agoMost landlords are sophisticated enough to follow the rules, but it does affect corporate landlords (who always advertise and whose employees can lose their jobs if they don't follow the rules) more than private ones.