New Law Lets Renters Skip Security Deposits

New Law Lets Renters Skip Security Deposits

Assessment

Interactive Video

Business

University

Hard

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The video discusses the financial challenges of housing costs, particularly for millennials who often lack savings. It introduces an innovative solution where renters can pay a small monthly insurance fee instead of a large security deposit, benefiting both landlords and tenants. This model not only eases financial burdens but also has the potential to inject $45 billion back into the economy. The video also covers the business model, landlord adoption, and the broader economic impact, highlighting a policy proposal to make housing more affordable.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some of the financial barriers young people face when trying to rent an apartment?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the proposed insurance model for renters differ from traditional security deposits?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways does the insurance model benefit both renters and landlords?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges did the company face when convincing landlords to adopt the new insurance model?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact could changing housing policy to allow insurance instead of cash deposits have on the economy?

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OFF