{"id":1357,"date":"2022-12-10T05:02:52","date_gmt":"2022-12-10T05:02:52","guid":{"rendered":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/2022\/12\/10\/if-a-newly-elected-congressman-cant-get-an-apartment-what-about-everyone-else\/"},"modified":"2022-12-10T05:02:52","modified_gmt":"2022-12-10T05:02:52","slug":"if-a-newly-elected-congressman-cant-get-an-apartment-what-about-everyone-else","status":"publish","type":"post","link":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/2022\/12\/10\/if-a-newly-elected-congressman-cant-get-an-apartment-what-about-everyone-else\/","title":{"rendered":"If a Newly Elected Congressman Can\u2019t Get an Apartment, What About Everyone Else?"},"content":{"rendered":"

<\/a><\/p>\n

Photo-Illustration by Realtor.com; Photos: Getty Images (4)<\/p>\n

<\/p>\n

The first member of Generation Z to be elected to Congress has a very big problem: He can\u2019t get an apartment.<\/p>\n

Maxwell Frost<\/strong>, who will be representing the Orlando, FL, area, had his application for a Washington, DC, apartment denied due to his poor credit score. If an incoming member of Congress can\u2019t secure housing, it doesn\u2019t bode well for regular folks looking for places to live<\/a> within their budgets.<\/p>\n

\u201cJust applied to an apartment in DC where I told the guy that my credit was really bad. He said I\u2019d be fine. Got denied, lost the apartment, and the application fee,\u201d the 25-year-old Frost tweeted on Thursday<\/a>. \u201cThis ain\u2019t meant for people who don\u2019t already have money.\u201d<\/p>\n

Nationally, rents have been rising rapidly<\/a> this year, forcing many tenants to double and triple out, downsize, or move farther out. Some renters have even undergone bidding wars to secure places to live as there are more renters competing for affordable units<\/a> than there are units to go around.<\/p>\n

In the DC metropolitan area, rents were a median $2,126 in October<\/a>\u2014up 4.9% over the same time last year, according to the most recent Realtor.com\u00ae data.<\/p>\n

The congressman-elect, a Democrat, applied for a unit in a building a little more than a mile from the U.S. Capitol in the Navy Yard neighborhood, according to the Washington Post<\/a>. He was denied and lost his $50 application fee.<\/p>\n

He tweeted that he had built up some debt during his campaign. He had quit his job and was driving for Uber so he could campaign full time.<\/p>\n

\u201cI was excited because I had finally found a place that made sense for me, that was in my price range,\u201d Frost told the Post. \u201cIt\u2019s just unfortunate. They said you can call and dispute the result, but I said I don\u2019t know what I\u2019d be disputing. I have bad credit\u2014I admit it.\u201d<\/p>\n

Modest, one-bedroom units in the Navy Yard typically start at around $2,800 a month, while studios generally begin at around $2,600 a month, says Washington, DC\u2013area real estate agent Jordan Stuart<\/strong>, of Keller Williams Capital Properties.<\/p>\n

Even athletes earning more than $1 million a year often struggle to find apartments if they have no or poor credit,\u00a0says Stuart.<\/p>\n

\u201cThese landlords don\u2019t make exceptions for anyone,\u201d Stuart says. \u201cThe only way you get around issues with bad credit is if you pay a full year\u2019s rent or half a year\u2019s rent upfront.\u201d<\/p>\n

Most Washington, DC, landlords won\u2019t accept tenants who have credit scores below 700, he says. Renters can get around this if they have an individual co-signer with a higher score, usually a family member of the renter.<\/p>\n

It\u2019s not uncommon for politicians to struggle to find and afford places to live in the nation\u2019s capital, especially younger members of Congress. Some sleep on the couches in their offices, or members of the same party will rent places together as roommates.<\/p>\n

Tweeted Frost: Rep. Alexandria Ocasio-Cortez<\/strong>\u00a0\u201cwent through something similar in 2018 and it\u2019s still a problem! I also recognize that I\u2019m speaking from a point of privilege cause in 2 years time, my credit will be okay because of my new salary that starts next year. We have to do better for the whole country.\u201d<\/p>\n

The post If a Newly Elected Congressman Can\u2019t Get an Apartment, What About Everyone Else?<\/a> appeared first on Real Estate News & Insights | realtor.com\u00ae<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Photo-Illustration by Realtor.com; Photos: Getty Images (4) The first member of Generation Z to be elected to Congress has a very big problem: He can\u2019t get an apartment. Maxwell Frost, who will be representing the Orlando, FL, area, had his application for a Washington, DC, apartment denied due to his poor credit score. If an…Read More→<\/a><\/p>\n","protected":false},"author":0,"featured_media":1358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts\/1357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/comments?post=1357"}],"version-history":[{"count":0,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts\/1357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/media\/1358"}],"wp:attachment":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/media?parent=1357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/categories?post=1357"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/tags?post=1357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}