London is one of the most expensive cities in the world to live in, but if you're looking for some cheap rent, you could consider applying to become a "guardian" of an abandoned office building. Nicole Vloeimans, an NGO worker, pays $635 a month to live in one, according to The Wall Street Journal.
Having evaluated the cleanliness of many an apartment and done the dirty work required to get it into shape for a new resident I know how to ensure nothing gets overlooked.
In Harvard Magazine, the architects who won New York City's "microstudio" competition explain how they came up with their concept.
I'm pretty sure I read in one of your articles or comments that you didn't plan on being a homeowner one day. I was wondering about why that might be. My parents try to be pretty practical when it comes to money and I've heard them say things about how rent is basically throwing away money and its better to have that money go towards a mortgage. Obviously it makes sense to rent while we're young, but I was just curious why someone who is really into spending wisely wouldn't want to own a home. Maybe I'm missing something? — S.S.
Let's start with this: San Francisco was just named the second-most expensive place to rent by the National Low Income Housing Coalition, beating out New York City. Just pause and reread that sentence one more time—here, I'll help: beating out New York City. (Honolulu was No. 1.)
The staff at Tumblr linked to some of their favorite blogs of the moment, and one of them is called "THE WORST ROOM"—a blog about "trying to find affordable housing in New York City" but is really a blog about some of the saddest rooms for rent on the market for crazy amounts of money. One thousand dollars a month to live in someone's walk-in closet! Is there any air circulation? Who knows!? My stars.
How to not drive your generous friends crazy when they offer to let you live with them for a few months.
Atlantic Cities looks at the metro areas in the U.S. where homes are least affordable for middle class families (or families earning the median income in the area)—San Francisco being the worst, according to an analysis by real estate site Trulia. New York, of course, also makes it near the top of the list, but New York is a city of renters (and I imagine San Francisco is one too). Where is the housing stock most affordable for median earners? Cities in Ohio, Indiana, and Michigan make the list, which you can see in full below.
Jumping off from my previous WWYD column, I woke up this morning to find a bunch of messages on Twitter from some fine folks discussing what percentage of their income they spend on rent.