I simply tried discovering a brand new dwelling within the Bay Space. It didn’t go nicely

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The home was stunning. An outdated Victorian in West Oakland, it had excessive ceilings, ample mild and many attraction. Citrus timber sagged below the burden of their bounty within the large yard, and a scorching tub steamed in a nook. The lease was inside our funds, and my associate and I excitedly weighed the professionals and cons of the home’s structure, the neighborhood and the proximity to public transit.

That’s till we noticed the safety deposit.

The owner needed $6,000, almost double the month-to-month lease. All informed, move-in prices would whole almost $10,000. We didn’t have that a lot saved up. So, we let the home go.

This safety deposit conundrum rose repeatedly. As our hunt for a house continued, we started to fret much less about what we might afford every month and extra about what we might pay upfront. It made me surprise: If two folks incomes dependable, full-time salaries couldn’t afford these sky-high safety deposits, what does that imply for individuals who are much less economically resourced? And the way are giant safety deposits impacting present residents of the traditionally low-income neighborhoods the place we had been trying — primarily in components of East and West Oakland?

As lease prices have exploded throughout the state, permitting landlords to cost a $6,000 safety deposit for a $3,000 place displays greed, not practicality. The price of repairs hasn’t risen on the identical exorbitant price as lease, nor, presumably, has the probability of damages. The end result might be devastating; for these experiencing homelessness or attempting to flee from home violence, excessive safety deposits might preserve them caught in unsafe conditions.



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