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A comment on Shadow credit score could decide whether you get an apartment. Parent comment
>1. Bad tenants will have no incentive not to harm the property and the neighborhood.
Of course they will: they may lose the security deposit, may be evicted, may be sued, and may even be arrested.
>2. Landlords will be forced to pay for insurance to cover all the bad things that tenants are now free to do.
They already pay for insurance.
>3. Rents will rise to cover the costs of the insurance. Conscientious tenants will be penalized.
Building more housing will make housing more expensive?
>4. Even otherwise conscientious tenants will start to cut corners since they are having to pay for the insurance anyway and it’s clearly unfair.
No, for the same reasons I gave before they still have an incentive to behave well.
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>1. Bad tenants will have no incentive not to harm the property and the neighborhood.
Of course they will: they may lose the security deposit, may be evicted, may be sued, and may even be arrested.
>2. Landlords will be forced to pay for insurance to cover all the bad things that tenants are now free to do.
They already pay for insurance.
>3. Rents will rise to cover the costs of the insurance. Conscientious tenants will be penalized.
Building more housing will make housing more expensive?
>4. Even otherwise conscientious tenants will start to cut corners since they are having to pay for the insurance anyway and it’s clearly unfair.
No, for the same reasons I gave before they still have an incentive to behave well.