Currently, my primary client wants me to automate portions of her property management company. To learn more about the business and her strengths, I am working as her assistant as I shadow companies who have automated various aspects of their property management company. What is surprising to me is the gap in affordable housing. I was shocked to discover that nearly half of all renters can’t afford rent.
I routinely speak with potential applicants who struggle to meet the requirements of the housing market. One potential applicant began looking for a new place to rent four months ago. In a week, her current lease ends and she’ll be forced to go on a month-to-month lease. Another had hoped to buy but the rising home prices and the bidding wars pushed her out of the market. So, she’s struggling to quickly find a suitable place to rent for her and her grandson.
Both individuals have a clean criminal history, solid employment history, and are rebuilding their credit. Yet, our housing market is making it impossible for them to choose a better home, a better neighborhood, a better foundation for their children.
Lower credit scores comes with higher interest rates, higher deposits, less supply, and often lower quality. Safe housing is a right, not a luxury. Yet, in today’s economic times so many builders, investors, and policies seem to be more concerned with profit and luxury.
The Deeply, Uniquely American Roots of Our Affordable Housing Crisis
Make Moves Not Excuses 