Very interesting theory as to why the system exists. I follow your logic. Frankly though that's not how I like doing business. I prefer to meet people, trust them, seal deals on a handshake. Bottom line is you need to trust someone sooner or later. So as an applicant, I'm using that as a bit of a shit test for you too. If you're the person demanding 5 references, 10 yr rental history, credit, background and criminal checks, well that just raises all sorts of red flags to me. It says you're the kind of person who can't judge character on your own, lacks decsision making ability, and are the kind of person to always revert to rules, ignoring context. You're a robot, and likely someone I don't want to be around. If it's this many hassles just to apply, what sort of pissant rules are you going to throw at me when I'm there?
The way is see it, is that references and checks are another cost, similar to money. The more hassles/costs (or higher rent) you ask for, ironically the worse people you get. Who pays 60% monthly interest for payday loans? Same thing here. Who is going to jump through all these hoops? The people who have no other options.
The way is see it, is that references and checks are another cost, similar to money. The more hassles/costs (or higher rent) you ask for, ironically the worse people you get. Who pays 60% monthly interest for payday loans? Same thing here. Who is going to jump through all these hoops? The people who have no other options.