Will Parker
speaker
780 appearances
18 recordings
1 series
first heard May 2019
last heard Nov 2024
Will Parker’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · During the Pandemic, More Renters Pay With Credit Cards · 16 Apr 2020
podcast
Individual credit card companies have said that they will work with their customers on certain terms and will be aware of the fact that there are going to be a large number of people unable to pay.
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But, you know, missed payments, other negative credit information can still end up on people's reports.
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Thank you.
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They passed a bill that will give renters options instead of an all-cash deposit.
One is kind of an insurance product, and the other option is to pay the deposit in installments of six months or even more time.
Lawmakers are looking at security deposits because they're looking at escalating prices in rent.
And what they're finding is that the deposit is a payment that is usually equal to the first month's rent.
Sometimes it's even more than that.
So just putting the cash together to even get in an apartment for the first time is increasingly difficult.
That's right.
There's a large number of people, about a quarter according to some estimates, that pay half of their income in rent or more.
Rent generally has risen about 40% over the last decade, but that number is much higher in a number of cities like Seattle or Denver where it's risen double that.
So that's putting a lot of pressure on renters and making it more difficult to find a place to move to.
They passed a bill that will give renters options instead of an all-cash deposit.
One is kind of an insurance product, and the other option is to pay the deposit in installments of six months or even more time.
Landlords have some concerns about it.
One of them is that instead of having the tenant's cash in hand in case of damages or other problems, they'll now have to deal with an insurance company.
So there are some building owners that feel like the balance of power is now against them in that way.
They're dealing with a company that may have a lot of resources versus just a single tenant.
There are some people who take a look at this and say, well, in a normal situation, you pay your security deposit.
Showing 681–700 of 780 · page 35 of 39
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