At 87, he can't afford his rent without a roommate. He's far from alone.
CBSN
Alan Ferber shares a fourth-floor walk-up apartment in New York City with a roommate. At 87, escalating rent costs have become harder to afford on his own. In:
Alan Ferber shares a fourth-floor walk-up apartment in New York City with a roommate. At 87, escalating rent costs have become harder to afford on his own.
"It's gone insanely crazy," Farber said.
He splits the $2,000 monthly rent for a 500-square-foot apartment with Daniel Yafet, a 69-year-old avid biker who sleeps in the loft.
When asked if he could retire, Yafet said, "I wouldn't be in New York if I retired."
The roommates connected through the New York Foundation for Senior Citizens, a nonprofit that matches seniors looking to share housing costs. When the foundation started matching people in 1981, most of the participants were looking for companionship. Now, almost everyone is seeking affordability.
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