The Money Mustache Community
Around the Internet => Mustachianism Around the Web => Topic started by: RelaxedGal on May 15, 2018, 07:50:02 AM
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https://www.cnn.com/2018/05/14/us/new-york-apartment-rent-control-actress-trnd/index.html
She moved into the apartment with 3 roommates in 1955 and they paid $16 a month then. The place had no heat and no hot water until 2005 - she showered at the YMCA and used fireplaces for heat. Thanks to rent control and being friends with the landlord she paid only $28.43 a month when she was hit by a car and killed at age 84.
The most Mustachian part, "She didn't earn much as an actress, but she didn't need to."
Two-bedroom apartments in Greenwich Village rent for $5000.month according to the story. The landlord is going to renovate it and finally start earning market rates.
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That's insane. How could the landlord afford to pay the taxes on the apartment? Or are those controlled to?
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Here in Canada, an apartment without heat/hydro is straight up illegal. She would be put on a wait list for social housing and the landlord would be sued by the city.
Strange how some forms of poverty are lauded as "charming frugality".
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Was the landlord driving the car by any chance?
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I'd seriously consider no heat or hot water to live in Greenwich Village for $28/month! I mean...space heaters and showering at the Y seems like a fair trade-off, amirite?
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Was the landlord driving the car by any chance?
I'm not proud to admit it but I giggled.
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She may have been paying $28 but the landlord more than mad up for it with the $5,000 a month rents.