Artificial Intelligence Is Making The Housing Crisis Worse

https://www.levernews.com/artificial-intelligence-is-making-the-housing-crisis-worse/

72 points · 13 comments · view on lemmy.world

13 Comments

db0@lemmy.dbzer0.com · 20 pts · 3y (9 replies)

Holdup "application fee"? Fuck this late stage Capitalism shit really

133arc585@lemmy.ml · 24 pts · 3y (6 replies)

Oh it's vile.

Lots of people list a property, take loads of applications, each with a nonrefundable application fee (often $100+), then close the listing and pretend it was leased out. They wait a bit and repeat the play. They can rake in thousands of dollars for literally making a posting on a website, and repeat this often. And it's often desperate people victimized too: not only are these people renting so they're already in a vulnerable situation, the people willing to pay high application fees typically are desperate to get a lease.

I've also seen places that make you pay an application fee, and as part of the screening process they run a credit check; if they aren't satisfied with your credit score, they'll deny you and of course keep the application fee. What's more nefarious about this though is that they don't give you a score cutoff; you don't know if your score meets their criteria until after you've paid a nonrefundable fee.

Fredselfish@lemmy.ml · 13 pts · 3y

That should be illegal.

Stumblinbear@pawb.social · 8 pts · 3y (2 replies)

To be entirely fair the score isn't the only determining factor. My credit is around 690 with perfect payment history except for one delinquent student loan account from 6.5 years ago and I still get rejected for things that "should" only require a score of > 640.

133arc585@lemmy.ml · 10 pts · 3y (1 reply)

Not surprising unfortunately. There's no accountability or transparency; they can deny any application they want for any reason, and don't have to tell you why. As long as they don't come out and say it's due to being a member of a protected class (which they can act on indirectly, just can't say it out loud), they can get away with any reasoning.

Fredselfish@lemmy.ml · 9 pts · 3y

I have to argue with people about that. You are 100% correct you can be denied jobs, homes etc even protected classes. It happens a lot in these right to work states were they don't have to tell you why you don't get the job or why you were fired.

I have been a victim to that twice myself with no recourse.

db0@lemmy.dbzer0.com · 2 pts · 3y

And I thought having the renter pay agency fees were a scam. That shite wouldn't fly in Europe and many places in Europe are forcing agency fees to the owner

richyawyingtmv@lemmy.ml · 1 pts · 3y
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Lasso1971@thelemmy.club · 1 pts · 3y (1 reply)

I think application fees can have some use given that a person needs to spend their time reviewing it. Also without a fee someone could apply to hundreds of listings without even looking at them. But with ai, the former example doesn't work nearly as much. $100 is too steep for the latter

db0@lemmy.dbzer0.com · 2 pts · 3y

I don't buy it. The landlord is already extracting money via rent seeking. That's what pays for the "work" they have to do in the applications

lippiece@lemmy.sdfeu.org · -5 pts · 3y (2 replies)

Isn't it enough to post on one instance?

vatw@lemmy.zip · 1 pts · 3y (1 reply)

I was wondering about this. What is the right etiquette? It’s not the same as multiple channels on the same server. But at the same time - supply side? Or consumption side?

Should clients filter them out? Do we need a way to “merge” on a per post basis?(or link or relate or…)

It is an interesting concept to ask. I don’t have a good answer.

lippiece@lemmy.sdfeu.org · 1 pts · 3y

When one drops the classic social media attitude of gathering as many views and comments as possible, the answer is simple: post it on your favourite community.