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Old 07-05-2019, 08:11 PM
 
12,340 posts, read 26,137,919 times
Reputation: 10351

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https://apple.news/AbPoPG9hTRoy99L9VD2mVmA

Lights out at 10. No guests. A single bed with people all around. But a short commute and no need to come up with first, last and brokers fee.

What do you think, will it take off in NYC?
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Old 07-05-2019, 09:21 PM
 
6,680 posts, read 8,240,189 times
Reputation: 4871
I read an article on this earlier today too. $1200 a month for that....damn shame. Worst is this one woman was saying it was a good deal
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Old 07-05-2019, 09:42 PM
 
3,882 posts, read 2,239,628 times
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So basically jail? At the rate rent is it would be cheaper to just commit crimes and go to jail for free!
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Old 07-06-2019, 09:02 AM
 
8,378 posts, read 4,398,599 times
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A hostel with an extended stay option, or a rooming house. This is very useful, and I expect will be very popular among young professional people doing internships, or in a similar entry-level stage of career. Thankfully it will likely not be popular (as some comments here already suggest) among lower-income people who think the world owes them everything, including free luxury housing. I would totally use it myself (59 year old semi-retired professional woman), and in fact likely will in LA. The only issue is that the demand will likely overstrip the supply about millionfold, and waiting lists will be 30 years long, unless more of these pods open. In fact, more of them probably will. In fact, investing in this type of thing is probably equal to being one of the people who bought the early Amazon stock.
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Old 07-06-2019, 09:13 AM
 
1,121 posts, read 591,832 times
Reputation: 746
It is a youth hostel reinvented.
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Old 07-06-2019, 09:21 AM
 
Location: New Jersey and hating it
12,199 posts, read 7,229,268 times
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It all depends on the quality of the other residents there. If they are trash, then the stay there will be unpleasant and it won't work.
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Old 07-06-2019, 09:21 AM
 
494 posts, read 558,148 times
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you can get a studio in a doorman building and convert it to 2 rooms for $2400 a month. It is a much better deal better privacy and nicer. I know a lot of students that do that in the financial district.
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Old 07-06-2019, 09:30 AM
 
8,378 posts, read 4,398,599 times
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Quote:
Originally Posted by antinimby View Post
It all depends on the quality of the other residents there. If they are trash, then the stay there will be unpleasant and it won't work.

Trash can't pay $1,200 per month unless they have "a voucher". This is not a subsidized housing but a market enterprise. It is priced just right to keep any trash out. Plus, trash would consider it a jail, they would not want a 10 PM lights curfew, or no guests, or any other normal house rules.
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Old 07-06-2019, 09:40 AM
 
Location: New Jersey and hating it
12,199 posts, read 7,229,268 times
Reputation: 17473
Quote:
Originally Posted by elnrgby View Post
Trash can't pay $1,200 per month unless they have "a voucher". This is not a subsidized housing but a market enterprise. It is priced just right to keep any trash out. Plus, trash would consider it a jail, they would not want a 10 PM guest curfew or any other normal house rules.
I used to think this too but I have personal experiences that tells me trash can surprisingly show up in unexpected places.

For example, one time I was traveling and booked into a quality brand hotel that was on the pricey side. Running into ghetto trash was the furthest from my mind but that's exactly what was there.
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Old 07-06-2019, 09:43 AM
 
34,100 posts, read 47,309,800 times
Reputation: 14275
Bring SROs back

But manage them properly.
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