July 10, 2012 at 11:35 AM ET
To deal with the persistent New York housing crunch, Mayor Michael Bloomberg has announced a plan to create "micro-unit" studio apartments.
Current city laws require apartments to be at least 400 square feet, but these new units would theoretically squeeze a kitchen and bathroom into around 300 (yikes). Developers will compete for a chance to design around 80 of these pint-sized abodes in what's now a parking lot owned by the city. The price tag: $2,000 a month.
Sound steep? Not to Hoda, who admitted that she once paid $4,500 for a studio that, as KLG remembered it , had a huge hole in the ceiling. It flooded when it rained.
"I freaked," said Hoda.
Well, yes. That's awfully steep, even for New York. Hopefully the pad came with a maid and a piping hot pizza vending machine.
Julieanne Smolinski is a TODAY.com contributor. She once shared a basement apartment in Brooklyn with two roommates and a rat that ate books.