Summer housing canceled but SA job is still on?
Incoming SA at a smaller regional boutique for the summer in a tier 2 city (think CHI/ATL/etc) and I was supposed to live at a local college for the summer during my internship. I had a deposit down on a room for a while, but I just got word that the college is closing for the summer so I no longer have a room.
As of last week, my bank told me they were still having me intern in person for the full internship. Given that it's in a smaller city that's not hit as hard, and that its a ~10 person office with me as the only intern, I think it's reasonably likely that I am interning in person.
What should I do for housing though? I looked at Airbnb, but a place in a reasonable location is literally double what I was paying for the dorm room, and my salary isn't enough to cover a really expensive place. Would it be ok to ask the bank for some sort of a housing stipend if I explain that my original housing plans were canceled? I can't imagine I'm the only one in this position because a lot of affordable long-term housing options like college dorms are likely closing.
Have you tried negotiating airbnb rates privately? Since you'll be there for 10 weeks might be able to work something out. I'm not familiar with US airbnb, but when I was overseas I often got pretty decent monthly rates.
I've never done this before- do you just message the host?
Had my housing cancelled as well. Cheapest rates on Air B N B is when you rent a room within a larger apartment or house. You may be living with others but could save you financially. Also maybe ask a buddy you know from college in the city if you could live in his basement.
I had the opposite happen to me- pretty sure my internship will be entirely virtual or very shortened, but signed a lease for a place in Midtown NYC that I now can't get out of.
If you were planning on living at a local college, have you thought about joining that school's facebook groups to see if people are subletting their college apartments? I go to school in a tier 2 city, and so many off-campus students have gone home that there are hundreds, if not thousands, of apartments sitting empty within a mile or two of my university campus (mine being one of them). Everyone wants to find a subletter, and nobody is looking to sublet in a city right now. You'd get a great deal.
This is a great idea, thanks!
Out of curiosity what are they paying you if you cant afford a room in a tier 2 city where rent is 25% of a place like NYC. This cant be banking then...
I'm making $1,300 a week, which I expect will come out to around $9k for the summer after taxes. I think this is a bit less than most IB interns make, but like I said it's a smaller place. I originally planned to spend no more than 3k on housing so I would have enough left to cover other living expenses for the summer and have savings set aside for the school year to cover my apartment at school, but I haven't been able to find a decent airbnb for under 2k a month (looking at whole apartments, not private rooms). I guess I will either end up blowing most of my salary on rent or just subletting a room somewhere.
$1300 per week is doable. Also, having an apartment to yourself isnt the norm for most interns (speaking from a NYC perspective). Most people share a room so small you can reach your arm out and touch the other person... and those people pay 1600 a month to have the luxury of that experience. While I get that this is not NYC and therefore should be less money. I think you will need to end up going with a room- at least it would be your OWN room and not a closet that you share with another person for 1600 lol.
Dolores doloremque ducimus aspernatur dolorem eos aliquid similique. Autem eos ut et. Dolore fugit eveniet aut quas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...