Apartments for Cheap

Questions and Answers

Your Questions About Apartments For Cheap In Nyc

November 8, 2012

James asks…

Why should I buy an apartment rather than rent?

I live in NYC. I can rent a 2BR for 1200. Buying a 2BR would cost at least 0.5 Million. It seems MUCH cheaper. Can anyone prove me wrong?

Administrator answers:

It all depends on how long you plan to stay in that place. Generally the rule of thumb is to not buy a home unless you’ll be there for at least 5 years. I think buying an apartment isn’t a bad deal at all for you. There are many pros that an apartment has over a home such as free maintanence costs, flexibility, lower monthly rent than mortgage payment, etc. With a house the biggest benefit is obviously the appreciation it recieves trickles to you when you sell and also the tax break from your monthly mortgage payment is substantial at the end of the year. If you don’t have the cash for buying a home or if you’re not totally decided on staying there for a few years I recommend sticking with the apartment.

Carol asks…

How to revive this TV cabinet in a small apartment?

I’ve got two main issues: I have a very nice, antique, solid wood, but not terribly high-end cabinet that has been converted into a TV cabinet. I grabbed it last week from a thrift store for $25. It was rescued from an old hotel in NYC. At some point, the original wood was covered with an abominable mock-Asian painting and bordered with cheap gold paint. History aside, my other issue is that I live in a smallish NYC apartment, and don’t have a lot of room or air circulation for doing a really thorough restoration. Eventually, I will devote the time this piece deserves to restoring it, but for now, I want to just make it look less than egregiously racially offensive and do something about the um… excrement colored… paint that is on it. I was thinking about doing a careful prime, multiple layers of paint, and then lacquering a few times, and sanding each layer of lacquer with really fine sandpaper in between applications. Similar to the process used on pianos, but with a mahogany colored paint.

Suggestions? Input? Caution?

Administrator answers:

I had the same problem,so I put a ton of newspapers on the floor,right i n front of a window,put a box fan,facing out of the window(screen off!),and put a box fanon the other side of the room facing me,got a painters mask and the most non toxic stripper i could find,did small sections at a time cleaning up as I went,and stripped and stained a six foot tall wardrobe! My apt was only 500 sq feet,and I didnt have a bit of lingering smells or anything.And it was gorgeous!Yes,it was time consuming and I cursed myself soundly for starting the whole thing,but i loved the end result. P.S. I ended up selling it for 500 and I found it in the apt when I moved in.

Paul asks…

I need to gt out of this town. nyc…..?

I have been in Tallahassee Florida all of my life. I went to pre school, middle school, high school, and now college in this town. Recently I’ve been finding myself extremely unhappy. i think i really need to get out of this town. Im almost 19 yeas old but im very mature for my age. I really want to move to new york city and start my life there but im not sure if i could afford it. i want to live in the city and work full time somewhere near my apartment. I would live with a friend in a 2 bed 1 bath apartment or if nessasarry we can live in a 1 bed 1 bath. we would both obtain jobs as soon as we got there but we would probably only make minimum wage. Eventually i want to become a firefighter for my long time job so i might make more money later. Anyways, my question to you is do you think me and my buddy could afford to live in NYC? if not, are there any big cities that would be easier/cheaper to live in?

Thanks
I use to live up north in Chicago so i would be fine with the weather.

Administrator answers:

Ha! You wouldn`t survive one winter up here.

Betty asks…

Help with Places to Stay in NYC?

im going out to new york with my girlscout troop and some moms so there will be a total of 12 of us, and we are on a budget so we figured a hotel would be really expensive for all of us. We wanted to rent an apartment for about 5 nights cause that would actually be cheaper. Does anyone know any good websites/places to stay for all of us that is under 500 a night?? And do you know of any deals like the new york pass we can get?or fun things to do? thank you so much!

Administrator answers:

Last month I went to NYC with my family (13 of us) and when I was looking for an hotel alternative (like you) a friend of mine who lives in Boston sent me the following website: www.guesthousenetwork.com it have a lot of options in NYC regarding apartments on daily basis and it are pretty cheap. I hope it can help.

Have a nice trip!!

Nancy asks…

Is this a craigslist scam?

I was looking for a vacation rental apartment in NYC and I came across this pretty nice 2 bedroom for only $120. That’s like ridiculously cheap it seems like. I emailed the person and they said it was in fact only $120 a night and there was $400 refundable deposit to pay.

The post included pictures of the apartment and she sent me the address on the apartment.

Scam?

Administrator answers:

100% scam.

There is no apartment or house for rent.

There is only a scammer trying to steal your hard-earned money with stolen pictures of someone else’s dwelling and a fake story of being out of town/state/country doing charitable works.

The next email will be from another of the scammer’s fake names and free email addresses and will demand you pay for rent and deposit, in cash, and only by Western Union or moneygram.

The scammer might suggest you “send” money to a friend or to yourself and then send a scan of the receipt to the scammer as proof you have the funds. The scammer will simply that take scanned receipt or just the MTCN# (money transfer control number) into Western Union or moneygram store and pick up the cash you thought you were sending to a friend or yourself.

Western Union and moneygram do not verify anything on the form the sender fills out, not the name, not the street address, not the country, not even the gender of the receiver, it all means absolutely nothing. The clerk will not bother to check ID and will simply hand off your cash to whomever walks in the door with the MTCN# and question/answer. Neither company will tell the sender who picked up the cash, at what store location or even in what country your money walked out the door. Neither company has any kind of refund policy, money sent is money gone forever.

Now that you have responded to a scammer, you are on his ‘potential sucker’ list, he will try again to separate you from your cash. He will send you more emails from his other free email addresses using another of his fake names with all kinds of stories of great places to rent, lottery winnings, millions in the bank and desperate, lonely, sexy singles. He will sell your email address to all his scamming buddies who will also send you dozens of fake emails all with the exact same goal, you sending them your cash via Western Union or moneygram.

You could post up the email address and the emails themselves that the scammer is using, it will help make your post more googlable for other suspicious potential victims to find when looking for information.

Do you know how to check the header of a received email? If not, you could google for information. Being able to read the header to determine the geographic location an email originated from will help you weed out the most obvious scams and scammers. Then delete and block that scammer. Don’t bother to tell him that you know he is a scammer, it isn’t worth your effort. He has one job in life, convincing victims to send him their hard-earned cash.

Whenever suspicious or just plain curious, google everything, website addresses, names used, companies mentioned, phone numbers given, all email addresses, even sentences from the emails as you might be unpleasantly surprised at what you find already posted online. You can also post/ask here and every scam-warner-anti-fraud-busting site you can find before taking a chance and losing money to a scammer.

If you google “fake apartment rental”, “fraud Western Union house rent scam”, “fake craigslist apartment rent scam” or something similar you will find hundreds of posts from victims and near-victims of this type of scam.

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