It was an ideal scenario.
A student, a parent, and their families were all in attendance at a new high-profile New York City apartment, and they were all planning to save money by renting it out to others.
But that plan didn’t come to fruition, and the students’ families were left with the financial burden of paying rent and other bills on a place they didn’t even own.
This story was reported by Newsweek and is part of the Newsweek series Rescuing Your Tuition and Fees.
The New York apartments, called The Ritz, were part of a new wave of apartment buildings that have sprung up across the country in recent years, many of them with a distinctly New York flavor.
The trend has brought new attention to some of the city’s most expensive housing, and New York’s rent-stabilization laws are among the toughest in the country.
In a few cases, students who have been renting out their apartment have ended up owing millions of dollars to their landlords, who can be liable for thousands of dollars in fines if they don’t fix the problems they created.
Some of the New York renters were unable to afford their own apartment, but instead relied on a series of roommates, who had been in the city for a few weeks and were unable or unwilling to live with them.
Some of the landlords also paid out a portion of their rents in cash, and in some cases, the tenants paid their rent by credit card.
In some cases the tenants were required to sign leases that stated they had no intention of keeping the apartments for longer than six months, which can leave them open to eviction at any time.
And in some instances, renters have been told that if they didn`t pay their rent in full within six months they would be charged a penalty.
In the end, only three students stayed in their apartment: David O’Brien, an economics major at SUNY Binghamton, and his roommate, Jake Dickey, who was working on his bachelor’s degree in finance.
The students each received $5,000 for staying in their dorms.
But, while the New Yorkers were all happy to be there, they had a lot of concerns about the future of the apartments.
“It was scary to think about what I was going to lose,” David O`Brien said.
“I was kind of afraid to take out the credit card, because I didn’t know if they were going to have to take it out.”
The Ritz in Manhattan, where David O. O’Briens roommate Jake DICLES is studying.
The student says that his rent was $2,400 a month.
O`Brians roommate, Jacob BORG, is a senior at SUNy Binghampton.
“They said they were not going to give me any notice that I had to pay, but they did say that if I didn`re paying in full, we`d have to pay in full,” he said.
Jacob said that he was unsure whether he could afford to live in the Ritz for a long time.
“It`s pretty hard to imagine that we`re going to be paying for it forever,” he added.
The apartment was located at 557 East 68th Street, one block from the Brooklyn Bridge and across the street from the apartment of a high-priced real estate developer who had just bought the property.
Jacob BORGL and David O-Brien, who were both students at SUN-Y.
BinghamTON, in the Brooklyn neighborhood where they live.
David OBriennes roommate Jake is also a senior.
Jacob said he wasn’t too concerned about whether the Ritchys apartment would last beyond six months.
“We were just happy to get it,” he says.
“If it had been longer, I would have had a hard time sleeping.”
David said that Jake had also paid for a number of other things, including a new car, a new coat of paint, and a new laptop.
“I think we have done pretty well,” he admitted.
But Jacob BOGL says that it`s important to note that renting out an apartment is a complicated process, and it may take a long, long time to pay off the rent.
“You can only get the money back if you go to court and get the lease,” Jacob said.
He said that if he had known that his lease was going into the bank for five years, he might have stayed longer.
“There is no way to know if the landlord will be able to pay,” he adds.
Jake said that it was tough to leave the apartment because the rent wasn’t covered by his parents.
He added that his parents were willing to pay the rent in cash and then take out a mortgage to pay for it.
“If we had just been renting for two years, that`s what we would have done,” Jake said.
Jake said that the Rittys rent came with a