Hey all. Question is as stated. My Dad is asking if I want to move and take over my grandma’s apartment which is under rent control in NYC. Ever since my grandpa died back in 2005, he’s been paying her monthly rent.
this apartment isn’t in the greatest condition and it can use some renovation. It is however very affordable at $400 a month for a size able one bedroom apartment.
I don’t think I would want to live there long term, but after college and assuming I can make $50,000 after taxes, that would definitely help build some capital by cutting living expenses for a few years. If i come out with only $32,000 in student loans it makes living there even more appealing. But real estate people say otherwise because I would be stealing the apartment from the landlord and limiting his potential income.
Do you think it would be worth it? Or should I just find my own newer studio for like $1,200+ a month?
Submitted August 25, 2018 at 02:39AM by thethrr0w https://ift.tt/2PzTbUR
