I have suffered from a chronic illness for the past 5+ years and was unemployed. my money came from the stock market, it still does. Because I live in a frugal way, only paying enough for absolute necessities (Rent, utilities, basic needs), my tax returns over the past years aren't wowing.
The thing is, in assets (Stocks) I have over 7 figures. For most of these places, I can afford 40 years worth of rent up front. I don't know how else to put it. It's confidence killing, honestly. "Uh... you're unemployed?". That's the response. "This is a very unconventional application".
We could literally experience a nuclear war and I'd still never miss a rent payment. Liquidity is not an issue. I have no record, etc.
I get it. I understand that it's unconventional, that they have a system to abide by - but there's really nothing else wrong with me? Never missed a rent payment, things like that.
I do not want to buy a house because it reduces my capital by such a significant amount. Renting is way better for me right now.
Is there any way I can fix this? When addressing the realtors / landlords - I am courteous, direct, and let them know that payment is not a problem. Sometimes even offering a few months up front if they need it. Doesn't seem to move the needle much.
Any advice would be helpful. This is very discouraging.
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source https://www.reddit.com/r/RealEstate/comments/1s3fhj5/being_treated_like_a_pariah_when_applying_for/
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