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Insane Lottery Wire

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It should come as no surprise that everyone wants a cheap apartment. That's why the recent lottery to get on the waiting list for Penn South, a complex with below-market co-ops that start at $64,000, attracted 30,000 to 50,000 applicants. The postcards arrived at the Department of Housing Preservation and Development in 10 giant bags, from which just 300 people will be picked for the studio-apartment waiting list, 600 for one-bedrooms, and 300 for two-bedrooms. It costs $200 to hold a spot on the waiting list, and it might be years before an apartment is available. What a schlep. [DNAinfo; previously]