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At least their downside risk is low compared to most other new yorkers.
I think itsa gimmic ploy for reality TV money like the Balloon Boy or the uninvited White House guests.
Wow!!!!!..........the fever has spead across NYC. That place is the size of my kids bedroom.
As TROUT would say....there are "sheeple" everywhere.
At least their downside risk is low compared to most other new yorkers.
Downside risk? They live in a closet...what is more down than that?
“NYC $150k apartmentâ€
Typical mental thinking of East Coast Liberal which infested California in recent years.
They just think its normal!
I saw that on the news and I would hope that they stay someplace else on the weekends, or something.
Small, but if you don't spend much time in the house, so be it.
It's like buying a super expensive car if you don't drive anywhere. Or buying a house 3x the size you need, and just paying massive power bills for rooms you never set foot in.
It seems small, but it might be good for a hard working couple. Or a couple who would rather live there, than commute 2 hours into the city every day from some place that is much larger, but chews into your available free time.
A decently standard day: working 8 hours + 1 hour lunch for most, 8 hours of sleep, 1 hour to get up and get ready, 1 hour to get dinner, laundry, bills paid, misc other crap, every day. That is 19 hours accounted for in the day. 5 hours left.
If your commute is 2 hours, you've just chopped off 40% of your free time every day. That is huge.
If they're able to save that 2 hours, and get away with 30 minute commutes, fantastic! 10% vs 40%.
http://www.nypost.com/p/news/local/manhattan/cozy_crazy_couple_makes_tight_studio_R15ToNFTaJE3c17zkw4efP
From the article:
Zaarath and Christopher Prokop -- and their two cats -- live in the smallest apartment in the city, a 175-square-foot "microstudio" in Morningside Heights the couple bought three months ago for $150,000.
At 14.9 feet long and 10 feet wide, it's about as narrow as a subway car and as claustrophobic as a jail cell. But to the Prokops, it's a castle.
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Later in the article it states that the building maintenence fee is $700/mo. I should point out that's more than I paid for my 3/2 house on an acre in the mountains. Location obviously matters.