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Ok,.. so they can legally ask for it, but are they allowed to specifically state "Your W2 doesn't say $32K so we can't rent to you"... My numbers CLEARLY SHOW I can afford that place and like I said before, even w/ earned income credit and child support it's still substantially less than $32K. Can they deny my application simply because of that? Of course, if they DON'T say it, then try to prove it......
I TOTALLY understand where they're coming from, and I know all the loser tenants ruined it for us good tenants. I work my asss off to be a good upstanding tenant and it sucks that I get punished for all the loser tenants.. I'm not looking to rent the place NOW, but was considering for next year. I was just wondering. For the most part, I know what they are and aren't allowed to specify when looking for a tenant.
I'm known in my community, lived here 26 years, I have personal and professional references, I can afford it, but my w2 does not state $32K. As a matter of fact, I've never made anywhere NEAR $32k in my 22 years of working.
And I'm sure they're wondering why it's been on the market for almost a year...... lol
If I made $32k/yr, I CERTAINLY wouldn't be looking to rent a 1-BR co-op... I'd be looking at a 2 bedroom HOUSE!
you sure about that?
Quote:
Originally Posted by FallenAnjel
Ok,.. so they can legally ask for it, but are they allowed to specifically state "Your W2 doesn't say $32K so we can't rent to you"... My numbers CLEARLY SHOW I can afford that place and like I said before, even w/ earned income credit and child support it's still substantially less than $32K. Can they deny my application simply because of that? Of course, if they DON'T say it, then try to prove it......
Absolutely. That's $2666/month, $650/week. I'd be stinking rich! (yes, according to my current income, I'd be rich)
Quote:
Originally Posted by kayfouroh
Pay rate isn't a protected class.
Couldn't it be considered discrimination on the basis of income because I can make $500,000/yr and it doesn't mean a hill of beans if I don't pay the rent. How much one makes is irrelevant. It's what's done w/ the money that they make that counts. You can't MAKE someone pay the rent. (after the fact when you take them to court , yes, but not on the spot). They can ask for blood and it's still not going to MAKE someone pay the rent. If I were a druggie and made $100,000, I'd buy drugs before I payed the rent so the w2 is useless.
Sure it weeds out the ones who won't apply because they take the written word for law, but NOTHING in life/the world/the universe is what it seems and this is why I posted this question. Looking for a loophole? Maybe. There's always loopholes.
Last edited by FallenAnjel; 12-12-2011 at 11:39 AM..
OP, you know that they're talking about gross pay, right? If you "make 32k" you aren't bringing home anywhere near $2666/mo unless it's an off-the-books job. Once the taxes, benefit contributions, etc. are taken out, you're looking at more like $2000/mo take-home. Thanks to our property taxes even a cheap turd of a house will probably run you $1200-1400/mo before utilities, so unless you want to be working just to pay the mortgage and keep the lights on, you need to rethink that position.
I don't blame the landlord at all for making sure a prospective tenant has a reliable stream of money coming in. If you aren't grossing at least $30k then I can't imagine how you'd have over $1100 a month to spend on an apartment.
Since you'd be renting a unit out of a co-op, is it possible that this was something set by the co-op board and not the shareholder looking to rent out the apartment? I have been looking for the past couple of months at purchasing a co-op myself and was presented the opportunity to rent with option to buy. Apparently if the building allows its shareholders to rent out their unit after a certain amount of time, the board still has to interview and approve the tenant to whom the shareholder wants to rent to.
Not sure if this goes for all buildings, but I was given this information by two separate real estate agents when I went to view two different co-ops.
32k divided by 12 months = $2666.66 a month.
take a 1/3 for taxes = $1777.77
take out rent = $827.77
You haven't even put food on the table. You can't live on $827/mo. And you have a kid? Impossible on LI.
Show me the math that proves you can live on less than $32k on Long Island. You have something to teach us!
The magic of "earned income credit," "head of household" single parent tax status, and other schemes, etc., etc.
Some people get more OUT of the income tax system than they put in in the first place. Seriously! At tax time they are paying off their bills, buying all new furniture or a new car or taking all the kiddies to Disney. Don't believe me? Go ask an RN at a hospital what all the nursing aides/nursing assistants are talking about doing around tax time. It's the government's way of paying off the single parent working poor so it's better to work than be on welfare. Even someone who is on assistance like SSI and doesn't work can file an income tax return and get money back in certain circumstances like when the president announces a tax break / tax rebate for everyone ...
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Looking for a loophole? Maybe. There's always loopholes.
