Related to the housing stuff in the "pointless" thread, but this is about the renting world, not housing sales.
My son just got his first real job, straight out of grad school. His job is in Missoula Montana. Before asking why Montana, it's a simple answer really, he loves it out there and the area provides all he NEEDS for his adventurous spirit. This is a kid who has completed the Appalachian Trail (took him about 5 months) and the Pacific Rim trail (also about 5 months), so a state like Montana provides him with what he needs to be happy in life. lol
He is temporarily staying with an acquaintance (who is charging him $800 a month for a bedroom in the basement) in a nearby town to Missoula, and looking for an apartment. The location isn't ideal, and he really wants to be in Missoula, rather than the 30 minute commute to and from work.
What is bugging me is the fact that all these places renting apartments require proof that you make triple the cost of rent before they will even look at your application. I'm talking about triple your take home pay, not your your gross pay. He is taking home about 3,000 per month (just under 50K Net per year), so any apartment that is over $1000 per month is out of his reach. I'm not even complaining about the actual rent cost, which is out of control, but just the fact that the poor kid can't even apply to rent anywhere because he doesn't make enough money , and almost everywhere he has found is $1200 or above. I'm not even complaining about his sucky payscale, but that can and will improve in time.
Just doesn't seem right.
Also, he has to pay between $30-$40 to submit an application to every place he applies for. These places are making a mint on application fees alone. It's just gross. Even worse, he can't fill out the applications anyway because he doesn't meet the first requirement of triple your take home pay.
On top of all that, when submitting an application, they also require a deposit of $500 or more. So if someone is applying at 3 different places, they are on the hook for $1500, and they might not be accepted in any of those places. Yes, if they aren't accepted, they get the deposit back, but not the $30-$40 application fees. That deposit is a lot of money to pay out even if you get it back, for someone starting out.
Geez, these kids do the right thing, get an education, then meet nothing but roadblocks when they finally get a job. Not to mention, he has to wait 90 days for his insurance with his employment to kick in, but I won't get into that. Also, his car insurance jumped about $200 every 6 months just by moving states...
It's all pretty deflating.