Hurricane Sandy: Hotels and landlords make a quick buck charging $700 a night for a single room in New York

Greedy landlords and hotel owners looking to make a quick buck from the thousands without power or displaced by Hurricane Sandy were exploiting people's desperation by demanding outrageous prices for a shelter. As of yesterday morning Craigslist was full of posts for costly rooms, with one ad promising people the luxury of a single bedroom apartment with electricity for a 'mere' $700 per night.