Shared Room Roommates in NYC
Hey guys,
I've lived in shared-room apartments all throughout college and was curious if people did that out in NYC to still save on costs. I'm a junior now heading out for a SA stint this coming summer and hopefully full time the year after. I've been thinking about if it would be possible to buy an apt/condo out there and rent it out to friends/other people, but it seems like the only way the numbers would work is if people are sharing rooms.
Thanks!
Unless you are buying all-cash, the math simply doesn't work on this with current mortgage rates.
Also most condo/co-op boards will not let you have a ton of people living there. One roommate, maaaybe two - but no way is a board going to accept 5 people unless you're all a family unit or if you have like a 3+ bedroom apt. These buildings do not want to be share houses.
You could potentially do this in a rental building - a lot of people flex a large 1 bedroom into 2 small bedrooms. I also see 4 bedroom, 1 bathroom type places with very small bedrooms which are pretty affordable. But I think you'll be hard-pressed to find people willing to share a bedroom post-grad.
Delete
Impedit natus id quod tenetur voluptatem tenetur eum. Mollitia recusandae ut est quam voluptatum. Ipsa dolor quod consequatur inventore. Delectus qui eos molestiae praesentium et sit.
Pariatur praesentium ratione et in quas occaecati aut repudiandae. Incidunt facilis beatae odio quia est veniam alias. Explicabo similique velit aut voluptas nihil. Enim impedit earum aut voluptas.
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...