Your rent is due...for your closet space!

Can you imagine paying $38,500 for closet space? Well, that is what New Yorkers pay just to keep their treasured items. This article says space is very limited in the City that people are scrounging for any nook or cranny to buy just to hold their things. Some have even paid up to $80,000!

One couple decided to purchase their closet space after having already been paying $500 rent for their existing closet space. Most of their things included antiques. I hope they are making a profit off their stuff to pay for the closet space.

This is astounding. Most people dread the mortgage payment or the rent. I can't imagine paying $500 a month just for an empty room...to be filled with stuff. I think I'd rather throw it all away and go vacation! Check out this crazy article on the New York Times website.