New York Hot Dog Vendor Evicted for $310,000 in Overdue Rent

Homeowners aren't the only ones in hot water over overpriced real estate.

A New York City hot dog vendor has been evicted from his prize spot outside the Metropolitan Museum of Art because he couldn't pay a whopping rent bill of nearly $54,000 a month.

Snack cart owner Pasang Sherpa of Queens had a deal with the city's parks department that required him to pay almost $643,000 per year for the vending rights near the museum steps.

He says he was $310,000 behind on his payments when he was evicted.

The Parks Department had auctioned off the rights to the spot last year.