Prowling around Manhattan's Greenwich Village one afternoon on that chronic mission of New Yorkers, hunting for an apartment, a TV director named Michael Gargiulo was approached by a young man with the furtive but intense air of a dirty-postcard salesman. "You looking for an apartment?" he muttered hopefully. Gargiulo acknowledged that he was, and the young man promptly offered to sublet his own one-bedroom diggings at a bargain rental. But the apartment was too small for Gargiulo, and he strolled on—only to run into two more apartment dwellers with subletting bargains to...
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