Posted on 08/07/2025 5:50:47 AM PDT by AbolishCSEU
I’m just five years behind you. I agree that we have lived through some tough financial times. At least we didn’t blame our parents’ generation for everything, and we didn’t feel entitled to things. I remember home prices jumping to $300K and $400K in my area back in the early 2000s before the bubble burst. I keep hoping this is another bubble that will burst.
I knew nothing about credit scores until several years ago. Once, when I was young, I applied to an apartment, and the manager said my credit score was great. I don’t know what it was, though, or what affected it. I just figured everyone had a score.
But, as I learned too late, not everyone has one, and if you don’t charge your credit card for a long time, it will be closed, and without any loans or mortgages or credit cards, you won’t have a score, anymore.
I used to think that paying your bills on time gave you a good score. But apparently not. Bank accounts don’t count toward a score, either. I wish I knew all these things when I was younger.
I have a vacancy, 3 bdrm upstairs apt. Beautifully remodeled, older house circa 1875. Off street parking, washer dryer hookup on same floor over 1300sq ft. $1200 Class C neighborhood. Well-kept homes and some not so well kept usually owner occupants who don’t want their assessment to go up.
Wonderful people downstairs. Been vacant since March. Can’t find anyone reasonably responsible. When I do find someone, they see a backpack person wandering around on their ride home and then ghost me.
That apartment sounds wonderful.
Unfortunately, I have to stay in this area, and I just renewed my lease.
(By “backpack person,” I assume you mean a homeless person?)
that is correct. They have roller bags, grocery carts, etc. and is a major turnoff to my rare good applicants.
Banks look at income and score. A zero score if you are over 25 means you have excellent credit. A bad score will almost never go to zero.
What you described sounds like the neighborhoods where I lived the first half of my life. Those neighborhoods were filled with good people, and the older homes were beautiful. One of my apartments was in a converted old mansion: hardwood floors, ornate carvings. Unfortunately, there was a criminal element in my old neighborhoods, too.
So, I moved and raised my family in a rural/suburban area. It turns out, problems like crime and homelessness are here, too. Those problems are just not as obvious to someone who’s driving through. Ironically, now that my kids are grown, they think this area is boring. They prefer walkable neighborhoods with more people.
I hope you find a good tenant.
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