Interesting Anti-Landlord Ordinance Approved in Seattle
Curious what others think of this new pro-renter ordinance approved in Seattle. Would this make you think twice before investing in Seattle RE?
In a nutshell, this ordinance aims to ban "discrimination by landlords against renters with alternative sources of income, such as Social Security benefits, veteran’s benefits, unemployment insurance, child-support payments and other assistance programs. The ordinance also will require landlords to review applications one at a time, then pick the first renter who meets their screening criteria."
Here's the link:
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I don't have properties in that area. But, IMO, the only two issues I have with the ordinance are 1) not being able to select the best tenant and 2) unemployment as a form of income.
Unemployment as a form of income is RIDICULOUS. In most areas UE is 6 months, at the longest. And that is 6 months if they are applying for an apartment right at the beginning of their UE. What if there is only 1 month left anyway? Come on.
Do you know who also has to follow anti-discrimination laws? Companies, for hiring and promotions. Is there also a law in Seattle that companies need to hire the FIRST candidate with all of their requirements, instead of looking for the best qualified candidate? I'm guessing the answer is a giant no. So why would that same idea be different for LLs? It shouldn't. Also completely ridiculous.