4 ms·

> Landlords basically have no other option, we don't really have a credit score system like the US does, so it's much harder to verify how trustworthy you are.

by sofixa 3y ago

> Landlords basically have no other option, we don't really have a credit score system like the US does, so it's much harder to verify how trustworthy you are. There are agencies that can tell you if somebody's currently in debt or not, but as far as I'm aware, somebody with no credit history is basically indistinguishable from somebody with "good" history. And that's actually good. What more could you possibly need to know other than a person's revenues and their debt to be able to decide if they're capable of paying rent? Why would you care if they've had or had not had debt previously? The American credit score system is dystopian (it can literally make or break your life because it's being abused by prospective landlords or employers) and broken (made by private entities who suffer no consequences in case of mistakes, be they leaking your data or mistaking identities).

lokar 3y ago
Some people have a long history of non payment, damages to property and evictions. If you can’t filter these people out you get an adverse selection kind of problem and everyone pays (one way or another)
- sofixa 3y ago
  And if they make revenues and aren't overburdened by debt, you can sue them to recoup the damages from those revenues.
  - lazide 3y ago
    The issue is the real problem folks are often 'judgement proof'. No assets, no (official) income, or plenty of legal excuses to delay and defer actually doing what they were supposed to do. Also, often in pretty bad shape, so easy to take pity on. Until they screw you personally, anyway.
    - sofixa 3y ago
      > No assets, no (official) income, or plenty of legal excuses to delay and defer actually doing what they were supposed to do And that would be easy to see when you ask them for proof of revenue before renting to them...
      - lazide 3y ago
        Only revenue? Ah, sweet summer child. Unless they used ChatGPT or photoshop to fake it all up. Which happens. Oh and don’t have a friend pretending to be their boss on the other side. Easier to do now than ever, especially with all the free phone and text services. Used to be you had to have a friend halfway decent with forgery at least (or with a similar enough name and a real job they’d buy it). Or steal someone’s mail. Or any number of scams. And don’t worry, very few judges will throw them in jail if there are a bunch of kids in tow - even if they aren’t actually theirs, unless you can prove it. Some people never stopped modifying those ‘F’’s into A’s on their report cards, and just got better at it not getting caught. Good due diligence should catch it of course, but it’s always a game of cat and mouse. How thorough would you need to be to feel comfortable? How thorough do you think you would you need to be to actually not get scammed with 99% certainty?

by sofixa 3y ago

lokar 3y ago

Some people have a long history of non payment, damages to property and evictions. If you can’t filter these people out you get an adverse selection kind of problem and everyone pays (one way or another)

sofixa 3y ago
And if they make revenues and aren't overburdened by debt, you can sue them to recoup the damages from those revenues.
- lazide 3y ago
  The issue is the real problem folks are often 'judgement proof'. No assets, no (official) income, or plenty of legal excuses to delay and defer actually doing what they were supposed to do. Also, often in pretty bad shape, so easy to take pity on. Until they screw you personally, anyway.
  - sofixa 3y ago
    > No assets, no (official) income, or plenty of legal excuses to delay and defer actually doing what they were supposed to do And that would be easy to see when you ask them for proof of revenue before renting to them...
    - lazide 3y ago
      Only revenue? Ah, sweet summer child. Unless they used ChatGPT or photoshop to fake it all up. Which happens. Oh and don’t have a friend pretending to be their boss on the other side. Easier to do now than ever, especially with all the free phone and text services. Used to be you had to have a friend halfway decent with forgery at least (or with a similar enough name and a real job they’d buy it). Or steal someone’s mail. Or any number of scams. And don’t worry, very few judges will throw them in jail if there are a bunch of kids in tow - even if they aren’t actually theirs, unless you can prove it. Some people never stopped modifying those ‘F’’s into A’s on their report cards, and just got better at it not getting caught. Good due diligence should catch it of course, but it’s always a game of cat and mouse. How thorough would you need to be to feel comfortable? How thorough do you think you would you need to be to actually not get scammed with 99% certainty?