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Millennial Writes Off 'Terrible' Apartment Listing—Then Realizes Mistake

Millennial Writes Off 'Terrible' Apartment Listing—Then Realizes Mistake

Newsweek7 hours ago

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources.
A Brooklyn-based content creator's hunt for an apartment in New York City has gone viral, showcasing how a poor listing may have helped her land what she called the "best worst listing ever."
Victoria, an NYC-based lifestyle and food creator in her early 30s who posts under the handle @atyourleisurenyc on YouTube and Instagram, shared her unusual apartment hunting story in a video. The clip, which has amassed over 221,000 views since it was posted on YouTube on June 13, features various shots of Victoria in her apartment.
"I still can't believe I found my rent-stabilized one-bedroom apartment with in-unit washer dryer in New York City on StreetEasy with zero competition and here's how," Victoria says in the video.
She explains in the video: "My friend sent me the listing, but I almost skipped it. The photos were terrible, the description was super generic, did not mention any amenities, and the rent was out of my budget. But then the broker texted me a video of the apartment and said the listed price was actually $300 too high, which was so sketchy, but I went to go see it anyway."
Victoria's viral video comes at a time when millions of Americans are struggling to afford housing. A 2024 report by the Joint Center for Housing Studies of Harvard University describes an "unprecedented affordability crisis," with nearly half of all renter households in the U.S. considered cost-burdened. About 12.1 million are "severely cost-burdened," meaning they spend over 50% of their income on rent and utilities.
'Exactly What I've Been Looking For'
Victoria moved into her Brooklyn apartment in February 2024. Speaking to Newsweek, she explained that the broker's video, which showed the apartment furnished by the previous tenant, offered her a more realistic view of the space than the official listing.
"I liked the layout, large windows, and spacious closet of the apartment, and the fact that it had a dishwasher and in-unit laundry and was in an elevator building," she told Newsweek. "I was the only one who saw the apartment on the night that I went, and don't think there were other viewers on other days. The photos on StreetEasy were blurry and unappealing—I found out later that some of the photos weren't even of my actual apartment."
The night she viewed it was far from typical. "I showed up for a tour at 6:00 p.m. in the dead of winter only to find that the power was cut and the broker couldn't make it," she recalls in the video. "So I toured the apartment by myself in the dark with my phone flashlight and the broker on speaker phone. I realized even in the dark that I had finally found exactly what I've been looking for."
Having viewed several other apartments in Brooklyn that she couldn't see herself living in, "this one had everything I was looking for and was just within my budget," she told Newsweek.
Her monthly rent was about $3,200 at move-in, but the building's participation in New York City's 421-a tax abatement program meant it came with a rent-stabilization rider—a rare find in the current market. Although the stabilization clause expires at the end of June, Victoria secured a two-year lease extension at the current rate.
Despite the apartment's many perks, not everything was perfect. "Although I hated the floors of the apartment—they were an ugly linoleum yellow tile—I knew I couldn't not sign the lease because of that," she said. "So, I ended up installing peel and stick flooring all throughout my apartment and strategically layering several rugs to cover up the existing floors."
Her decision paid off. "Thank God the StreetEasy listing was so bad and scared everyone else off," Victoria says at the end of the video. "It was the best worst listing ever."
Screenshots from a viral video on YouTube showing an exterior and interior shot of a rare rent-stabilized one-bedroom apartment in Brooklyn, New York City.
Screenshots from a viral video on YouTube showing an exterior and interior shot of a rare rent-stabilized one-bedroom apartment in Brooklyn, New York City.
@atyourleisurenyc on YouTube and Instagram
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Map Shows States Where People Are Most Delinquent on Debt
Map Shows States Where People Are Most Delinquent on Debt

Newsweek

time21 minutes ago

  • Newsweek

Map Shows States Where People Are Most Delinquent on Debt

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Across the United States, millions of people are in debt, with some states experiencing higher rates of delinquency than others. According to a new report from WalletHub, southern states made up the top places where Americans are most behind on their debt. Why It Matters U.S. households carry $18.203 trillion in debt as of 2025, according to the Motley Fool. While mortgages make up 70 percent of that, getting into delinquency can have severe consequences for your credit. Americans may also face late fees, higher interest rates and even lawsuits as a result of their delinquency. What To Know The top five states with the highest delinquency rates on debt payments included Mississippi, Louisiana, West Virginia, Alabama and Arkansas. In Mississippi, 14.3 percent of individual loans and lines of credit in the state were delinquent in the first quarter, which was the highest percentage in the country. "They rank dead last in financial education, and surprise, they're drowning in debt," Michael Ryan, a finance expert and the founder of told Newsweek. "The numbers don't lie, and they're ugly. Eight of the top 10 delinquent states sit below the Mason-Dixon Line." Meanwhile, Louisiana residents were delinquent on 13.1 percent of all their individual loans and lines of credit. Also in the top 10 were South Carolina, Delaware, North Carolina, Texas and Tennessee. Ryan said many of the southern states facing high delinquency have low median incomes relative to the rest of the country. Residents also face banking deserts and poor personal finance education. "Southern states dominate this list because poverty, poor education, and limited financial services create a terrible recipe for disaster," Ryan said. WalletHub ranked the states by delinquency based on each state's proprietary user data from the first quarter of 2025. What People Are Saying WalletHub analyst Chip Lupo told Newsweek: "Being delinquent on debt can lead to fees, credit score damage, increased interest rates and other negative repercussions. That's why it's important to get current as quickly as possible. For many types of debt, you will have at least 30 days after your due date to make your payment before the lender officially reports it as 'late' to the credit bureaus. Many lenders also offer hardship programs that can allow you to temporarily forgo payments due to financial difficulty." Michael Ryan, a finance expert and the founder of told Newsweek: "Until we fix financial education at the state level, we're just putting Band-Aids on bullet wounds. This data screams that we've failed entire populations by not teaching basic money management." Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek: "With debt delinquencies, unfortunately, there aren't many surprises in terms of which states see higher numbers. Most of them are in the Southeastern United States, where incomes, when compared to the national average, are lower, and debt can often be higher. "When residents in these states are drowning in debt and have incomes that allow them to barely keep their heads above water, they can often make the decision to simply quit paying some amounts owed over time." A sticker showing that American Express is accepted at a business in Chicago on February 11, 2025. A sticker showing that American Express is accepted at a business in Chicago on February 11, Happens Next Across all states, individuals who fall into delinquency may face substantial long-term effects on their credit. "Regardless of where you live, delinquencies can destroy your credit and lead to further legal action against you, so it's imperative you make your monthly payments either by taking on additional work or cutting spending," Beene said. Financial experts encourage those in debt to focus on their smallest debt first and then work to absolve the higher amounts. "How to dig yourself out of it? Start small, win big: Attack your smallest debt first," Ryan said. "That $200 credit card victory will fuel your fight against the $20,000 monster."

From AOC to Bloomberg, here are some key endorsements in the NYC mayoral Democratic primary election
From AOC to Bloomberg, here are some key endorsements in the NYC mayoral Democratic primary election

CBS News

time22 minutes ago

  • CBS News

From AOC to Bloomberg, here are some key endorsements in the NYC mayoral Democratic primary election

New York City's mayoral primary election is well underway with early voting, and the leading Democratic candidates have picked up some key endorsements in the final stretch of the race. CBS News New York's Political Reporter Marcia Kramer sat down with J.C. Polanco, assistant professor at the University of Mount Saint Vincent, and political consultant O'Brien Murray to discuss why these endorsements matter. Bloomberg endorses Cuomo The biggest endorsement, to date, appears to be the decision by former New York City Mayor Michael Bloomberg to endorse former New York Gov. Andrew Cuomo. "Huge endorsement for former Gov. Cuomo. Why? Because [former] Mayor Bloomberg talks to a specific type of voter -- down the Upper East Side corridor, down the Upper West Side corridor, up to Park Slope and Brooklyn. He talks to voters that come out in large propensities that are Democrats, that will cross over to vote Republican," Polanco said. "By endorsing former Gov. 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Cuomo also received endorsements from his predecessor, former New York Gov. David Paterson, and from Jewish community groups, including Ahronim, the Bobov community in Borough Park, Crown Heights PAC, Crown Jewish United and the Far Rockaway Jewish Alliance. CLICK HERE for more from his campaign. AOC & Sanders endorse Mamdani Assemblyman Zohran Mamdani received a high-profile endorsement from Rep. Alexandria Ocasio-Cortez in the race. "I think most New Yorkers recognize that there was no other candidate for AOC to support. He is the socialist candidate, AOC is socialist. I think viewers would be as surprised as finding out I'm Latino, they know I'm Latino, they know that AOC was going to support the socialist," said Polanco. "It doesn't bring any new voters, because all those voters and endorsements that Mamdani brought to the table, it was already baked in." "I disagree and here's why: Because it didn't go to [Brad] Lander, and Lander needed it. 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"Because once they go for somebody in this primary, they're stuck with that person in the general. This gives them a full boat to wait until deciding what to do after the summer." contributed to this report.

A former firefighter went from earning $1,600 a month to owning over 30 properties. He explains how he used creative financing to land his first $3 million deal with $30,000 in savings.
A former firefighter went from earning $1,600 a month to owning over 30 properties. He explains how he used creative financing to land his first $3 million deal with $30,000 in savings.

Yahoo

time22 minutes ago

  • Yahoo

A former firefighter went from earning $1,600 a month to owning over 30 properties. He explains how he used creative financing to land his first $3 million deal with $30,000 in savings.

Jeremy Barker started a hidden-door company, Murphy Door, to supplement his firefighter income. The company grew rapidly, prompting him to look into large commercial spaces. He bought a $3 million building with just $30,000 of his own money and expanded his portfolio from there. Jeremy Barker spent much of his career bouncing between construction, working as a paramedic, and working as a fireman, as well as experimenting with startups. "I kind of played ping-pong for the first 35 years, trying to decide what it is that I loved, which was fire," he told Business Insider. "Unfortunately, it doesn't pay. I didn't want to live on $1,600 take-home a month." Unwilling to give up his firefighter career completely, he decided to supplement the modest salary with a side hustle. He started making hinges for hidden doors — an idea inspired by a DIY home theater project for his kids — and called the company Murphy Door. "That escalated quickly from 2013 into 2016," he said. "We signed Home Depot. It just grew really fast." While Murphy Door created an additional revenue stream, he put most of the profit back into the business. It wasn't until he stumbled into real estate that his wealth started to snowball. Besides his primary home in Utah, Barker had no experience buying real estate. But as Murphy Door took off and outgrew its original space, he and his real estate agent started looking at larger buildings. His agent found a deal on a 90,000-square-foot building that he told Barker was too good to pass up and pitched it as a space the company could grow into. It was listed for $3 million. "I looked at him and I'm like: 'Are you freaking crazy? $3 million? I work at a fire department. I have no idea how to get a loan.' My mortgage was difficult enough," Barker said. "He goes: 'You sign this LOI. I'll help you figure out the money.'" That night, Barker turned to YouTube to learn about financing commercial real estate. He learned a couple of things: One, he'd need to raise capital. His $30,000 in savings was a start, but not enough for a down payment. Two, he could lease a large portion of the space, about 70,000 square feet, that he didn't need for Murphy Door. Once he understood how letters of intent, or LOIs, and purchase and sale agreements, or PSAs, worked, he realized he could take advantage of the time between signing one and the closing date to get a head start on leasing. After some back-and-forth with the seller regarding terms, he got the green light to list the building for lease before closing. "I had to sell them a little bit," he said. "I said: 'Look, I only use a small space, but if I could put it up for lease, you're not committed to anything. I'll let everybody know early that it's not bought yet, but there's a 90% chance it closes.'" He signed the PSA, put a "for lease" sign outside the building, and, "within 24 hours, I had my first tenant that was like 22,000 square feet," he said. "Within the next couple of days, I got another big tenant, and before I closed, I had a full package of lease rent roll equivalent to about $140,000 at that time annually in that space." The lease agreements helped him secure the rest of the capital he needed — a couple of hundred thousand dollars — for the down payment, as he was able to show investors the expected net operating income. It also helped secure a loan. "I went back to Bank of Utah, and I said, 'Here are my rent rolls.' They did the first mortgage," he said. "Within 12 months, I retabled it over to Golden West Credit Union and pulled $2 million out — and I'd only put in $30,000." He said he paid his investors back within 24 months, and the building's value has more than quadrupled over the past decade. Recognizing the tremendous wealth-building opportunity in real estate, Barker "just rinsed and repeated" from there, he said. He's fine-tuned his strategy, but it's not dissimilar to his first deal: Find an overlooked or undervalued property — ideally a building that has been on the market for years in order to gain negotiation leverage — and build a long enough closing period into the terms with the seller in order to have time to set up lease agreements with future tenants. As of June, Barker owns more than 30 commercial and residential properties. BI confirmed his ownership by reviewing his 2024 property tax notices and his lease agreements. Barker, who said he faced bankruptcy twice early in his career, didn't have much savings to work with when he started buying real estate. "I knew that I had to think outside the box," he said. What he didn't have in capital, he made up for in research. His edge, at least in the beginning, would be understanding his market better than anyone else, and using that knowledge to pitch investors. "Spend a whole bunch of time understanding the marketplace," he said. "I've learned about buildings. I learned what rent goes for around here. And you don't have to get complicated. I'm looking at: What is the average rent rate? OK, it's going for $12 to $15 a square foot. If I buy this property, my hard costs are going to be $4 a square foot." Once you find a deal that you're confident will work, start pitching to any prospective investors within your networks. Barker said he'd frame it as: "I don't have any money to bring to the table, but you have all my time. I'm willing to give away X% of the equity to just pull off my first deal." Pitch with confidence, not arrogance, he added. "I would understand the market really well and talk at a super basic level, not to sound like you're smarter than you are," he said. "Just be confident. You don't have to talk outside your scope." Barker said he reached financial independence years ago, thanks to his real estate portfolio, which brings in about $2.5 million in annual revenue. It's freed him up to spend his time exactly how he wants: in the fire department, where he still works part time, and at Murphy Door. When it comes to real estate investment, "we get stuck on the reasons not to do it rather than figuring out how and why to do it," he said. "Quit saying, 'I can't because I don't have money.' Or, 'I can't because I've never done it.'" "I think we have to just do the homework and spend a little time to reverse engineer stuff, think about pricing, and think about 'what is the opportunity?'" Barker said. "When other people see a lack of opportunity, a different lens could probably see some opportunity there." Read the original article on Business Insider Sign in to access your portfolio

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