The Blubber

Per NYT

The youngest member of Congress, 25-year-old Maxwell Frost says that he shares a problem a lot of other Gen Zers struggle with in this modern age. The representative-elect said that he struggles to rent an apartment and was even rejected due to his poor credit score.

Getting rejected for an apartment because of poor credit score is a common happening for young people. Now, Mr. Frost said shares his journey to rent out an apartment and how he struggled because of his situation.

The 25-year-old representative-elect shared how he had to max out his credit cards in order for him to win the seat at Florida's 10th Congressional District. Although he was honest about his bad credit upon application for a one-bedroom Washington, D.C. apartment, he was denied due to his credit history.

Mr. Frost shared how upon applying for the place, a broker told him that he was fine, which led him to paying a $50 application fee. After paying the fee, his poor credit history reportedly got him denied.

The first Gen Zer elected to Congress shared his frustration and how a lot of younger people are struggling to afford renting a home.

Mr. Frost: “This ain’t meant for people who don’t already have money.”

The 25-year-old representative-elect said that in total, he already lost hundreds of dollars trying to search for housing in Orlando and questioned why fees were too high. Mr. Frost also highlighted that there are a lot of things that can affect a person's credit score and questioned why it was needed to determine whether an applicant is capable of paying rent.

Mr. Frost: “We live in a world right now where you can run an extensive background check for $15, why are fees up to $200?"

In November, the average asking rent was $2,000 compared to the $1,600 two years ago. A recent report found that a third of people aged 18 to 25 are living at home permanently as being able to afford housing becomes more and more complicated.

Resources:

The New York Times

See flow at unusualwhales.com/flow.