Renting = What the FUCK is going on

I am having to apply for a new rental for the first time in about 10 years, and its so fucking retarded

Before I just looked online for a place, found it, called the property manager, setup a quick inspection, and then they gave me a quick form to fill in and it was done, I'd get accepted anywhere. Now I have to register for these online platforms, do a full KYC, background checks, and I have to supply a bunch of financial evidence. Despite doing all of this, I am constantly being rejected when I apply.

It's looking like I will have to end up moving in with my parents because this shit seems impossible now.

Looking for a place to rent today is like a job interview + full KYC, and not to mention the amount people are charging for rent is crazy, the average income would be squeezed of at least 50% of their income just to rent a dump, considering "rental stress" starts at 30%, it's become extremely unreasonable.

Oh and one more thing - apparently many property managers are using AI to pick from applicants. One of the PM's told me this today, so I wonder if that's why I am being rejected constantly.

I have a perfect track record of renting, over 10 years, not a single missed payment, and yet it doesn't seem to count for anything.

For me it’s the opposite problem. Show a property to 50 people and most of them are flakes who won’t finish an application or who no-show the lease signing.

You two should hook up and have sex.

Looking for a place to rent today is like a job interview

Bingo. All this shit combined is eventually going to make a lot of people go postal.

Result of a low trust society
40 years ago my parents use the rent out part their two family home with no lease, because there was mutual trust
These days you can't get by on blind trust unfortunately

Buy property. Then do whatever the fuck you want.

But it's too expensive!

Then rent and stop bitching.

Ain’t no struggle findin’ a spot. Section 8 got me cozy. Rent? Nah, that’s handled fo me fewl. EBT holdin’ me down too I eat good, live good. Life sweet, y’all stay safe out there!

Despite doing all of this, I am constantly being rejected when I apply.

Millennial women took over both hiring processes and rental application processes.

All the shit that makes tinder bad also makes rent and hiring bad because these 80 IQ whores go about it like they're looking for chad thundercock for a husband, not realizing the point is finding a tenant to pay rent who won't trash the place.

Has been renting for 10 years

Anon you are stupid.
Move in with your parents. Failing that any of your family members or friends.
ONLY move out when you have a partner that will agree to sign a loan with you to buy or you essentially win the lottery because the housing market is not setup right now for single medium income people to enter.

Are we clear? Do not fucking rent. Its a brutal ass housing market out there

I am constantly being rejected when I apply.

Looking for a place to rent today is like a job interview + full KYC

Imagine having to subject yourself to being rejected like you're on some sort of dating app or applying to a wagie job.
HAHAHA Rentoids BTFO again.
Being a home owner never felt so good.

I was thinking about selling my house and putting all the gains from it (probably can sell it for double or even triple what I paid for it back in 2013) into an ETF and renting for a while while looking for a house with 25+acre property so I can hunt in my yard but I guess that's not possible now. This shit sucks. I will forever be stuck in my little 2 acre plot in the suburb where the neighbors calls the police for little bit of target practice in the back yard. :(

The precariat class is growing larger and larger, and it's harder to tell if someone is on the brink of not paying rent and dragging out eviction as long as possible than ever before. That's all. I just recently applied for an apartment and had no problem getting in.

looked it up online

called ahead of time to schedule a viewing

explained my financial situation in person (crypto retired NEET)

they told me what I needed to do to qualify (3x monthly x length of lease in a bank account cash)

did it

they wanted one more bit of evidence (CEX account statement showing where the money came from)

approved immediately after

I didn't have to register with an online platform though, I think it was just an account on the apartment website and I agreed to docusign's TOS since I was out of state during the application process.

Rental history matters for much less than cash in the bank or having tons of excess income and very little debt. Next time if your income is a little low cash out for a week put some cash in the bank and apply again, they can count both income and cash on hand proportionally if you talk to them about it.

LMAO what point are you trying to make when a landlord requires you to put up fucking 60k CASH in an account and it STILL isn’t enough qualification LOL.

>explained my financial situation in person (crypto retired NEET)

Kek, you were ridiculously lucky they took you in with that status.

They explained it to me, because I used a bank account activity statement rather than a monthly statement, they wanted to compare with my CEX activity statement to make sure it was my money and not a temporary loan. It was super chill. I had offered to show them my crypto holdings before (some of them) and they said nah we only care about cash.

lucky

No, it's not luck. There's more people than you'd think who get rich with liquid assets but don't want to outright buy housing with cash, so they rent. 3x monthly x length of lease is industry standard. I don't even have to keep the cash in the account: most of it has gone into other spending or investments.

Like half the country has held crypto at some point dude. This ain't 2012 anymore.

Even if they had declined me I had a list of four other apartment complexes I was looking at, and they knew that. Like said there's a lot of people who come to check things out and never finish applying for various reasons (mainly knowing that they won't get approved and won't get cut a deal after talking with someone in person).

Around here in my area people still don't see any point in crypto apart from shady shit so talking about that to the landlord before the deal is done would instantly weed you out.
But yeah, great if you don't live in such a place I guess.

And now they know exactly where you live with all that crypto lmao. You better hope they never get their fresh out of prison cousin to cut your fingers off and take it from you

all that crypto

They saw exactly how much crypto I wanted them to see. It's not enough to send anyone after me, especially with most of that amount cashed out to cover the amount they wanted to see.

Now you're not wrong in general, and most people think I'm involved in some kind of crime since I've been NEET for almost three years now. But this apartment complex is nice and caters to wealthy people anyway, so I'm not too worried.

Let me guess, EU? You're up early. In America if you're dealing with people who are used to wealth, it's totally normal. The flood of nouveau riche from 2012 on has been large enough to normalize people being moderately wealthy from holding crypto.

EU?

Correct. Anything but the most vanilla wagie jobs will raise eyebrows especially on the country side and you'll never hear of them again.

I've had the same thought a lot, the game is getting hard to play. Getting a burger flipping-tier job now seems to involve more legwork than applying for fucking government documents. I've shown enough to pay an ENTIRE LEASE plus income and still been pushed off or ghosted. So just who the hell are they looking for when everybody supposedly has no money in the bank? "Getting back on your feet" as a failed NEET or burnout must feel like sisyphean task

Rental applications are easier and less money than buying a goybox though.

I dunno, when I bought a house in 2015 I got really nice treatment from the real estate agent and mortgage guy. They were both getting paid so they made it super simple and easy once I got approved. Getting my rentals has always been more, you know, they looked down their nose at me and held the rental over my head until I jumped through their hoops. The difference of course is how the workers got paid to help me.

Absolutely. Lower class job applications are fucking hell. It literally is, or at least was, easier to apply for government business loans fraudulently than it was to get a mcjob. It's part of why so many people do gig jobs, at least it's easier to get started.

We are nearly past the point where society bifurcates into the haves (wealthy people) and have-nots (people begging for handouts and welfare, including jobs). This is literally the last few years where a person can work, save some money, invest it, and make it in life. Soon even working and having a job will be seen as a huge privilege, full stop, no caveats.

One place I applied for wanted my bank account password so they could actually check I wasn't giving a fake statement. I was like WTF but apparently it's common here in Australia

nobody wants to pay for a $500 non-refundable background check

TLD

Cash is still king. Bought a house in January and closing costs amounted to around $800 (majority was for the inspection)

Have you ever wondered why thats happening?

Possibly because the rents are insane and signing up for a lease is extremely painful now? Especially when you have to go through all that bs to even be considered?

By the way I will update you guys: I spoke to my parents about this situation. They said to come move back in with them, so after 10 years, in my 30s, I am officially moving back in with my parents.

It means get to save about $30,000/year on rent now, but I am going to be a loser in my 30s living with my parents again.

In smaller rural towns there's high trust business. Today my local used car dealer gave me a loaner Civic with no paperwork while he looks for a new (used) truck for me.

Lots of cheap parcels in Kentucky, West Virginia, southern Ohio. Look on Facebook marketplace and Zillow with the search term acres or land and buy direct from owner.

You're hardly alone. I had to move in my parent's house with my fucking wife until I found a place we can buy. Not where you want to be in your thirties, but it is what it is.

the economy looks like it's in great shape. the stock market is resilient. that's all that matters.

Why not have them cosign the lease for you?

be a loser

Anon this is why you gotta touch fucking grass sometimes so you dont make harmful decisions because getting bullied is more important than how you actually live.

It is INCREDIBLY common to live with your folks these days. Has been since like after Covid hit. The housing market is terrible. You arent a loser, almost no one wants to live on their own unless they are making an outrageous amount of bank. The people who dont fuck themselves with side jobs and piss away their youth on some desperate

Move in with them,dont delay. Offer to give their old geriatrich mind blowing orgasms on fucking demand if they let you live with them rent free.

on some desperate attempt at independance

Is what I meant to say. Like shit one girl I know lives in an apartment and she works 2 different jobs,has a dog to take care of and works out. By other peoples standards sure she is amazing but can you imagine just how irritating that grind is? How she can barely ever fucking relax?

Itd be trash.

I'm a landlord and I only rent to cute girls with fat butts

Mmmmm, I wonder if buying a place would be a good idea.
All the Anon Babble crypto gurus who think property investing is lame-
It ain't.

any advice for a NEET looking to get their life back on track?

another real estate agent making threads. home ownership is gay and renting is the way to go if you care about your money. i won't elaborate. if you cant figure it out its over for you

It means get to save about $30,000/year on rent now, but I am going to be a loser in my 30s living with my parents again.

It really is the best decision financially speaking though.
I've been tempted to do the same even though my rent is only ~22k/year CAD (15k USD) and it's in rent control so limited to only a 2% increase/year, but I've been here so long it's already $600/mo below market rate, and I'd lose that once I move out.

Having talked to my parents about it, my mom would love it, but my dad is apprehensive of the idea and he wants to charge rent - at a bare minimum it would probably mean being their slave around the house, taking care of the lawn, snow, trees, or any other random renovation or project they want to enlist my help with.
Personally I don't like it, if it was anything like when I was in university, they have boundary issues, it would be impossible to have my own time, they would always be walking in to bug me or tell me something, or asking me things or ask what I'm doing, or be nosy and ask what I ordered whenever something gets delivered or some snarky comment if I ever get food delivered.
It's fine for a few weeks, but after a month I'll be hating my life.

I'm nearly 70% of the way to my retirement number, so if I ever get fired or lose my job I'll be at a bit of a crossroads.
Would I go through the humiliation of finding a new job?
Or try to cut my costs a lot, sell my car and switch to public transit, eat super cheap, spend nothing, and enjoy early retirement on public transit?
Or sell everything, move to Thailand and jump around low cost of living countries around SEA indefinitely because I wouldn't be able to move back?
Or move back in with parents, lose my rent controlled apartment, and have enough to move out and retire from portfolio appreciation in 10-15 years?

idk all of them kind of suck, I should have enough to retire in 3 more years just sticking where I am, so hopefully I never have to go down one of these paths.

most of them are flakes who won’t finish an application

are you charging $200 for an application like most kikes?

I am too anon. I have a wife and two small kids. I'm kind of looking forward to it desu. I'll finally have enough capital to invest in a couple different assets. Plus my in laws love my kids and I want them to have loving grandparents