You get what you pay for. My positive feedback of Ted's hostel includes the good location and Ted is a nice, helpful and flexible host. I arrived at 6 in the morning and Ted had without hesitation agreed to wake up and let me in at that time. There are also surveillance in the while building, which contributes to a secure feeling.
On the downside the place was freezing. I had to sleep in sweatpants, double pair of socks and a long sleeve shirt. And the blanket wasn't even that thin, rather the opposite. Also, the walls are extremely thin and it was hard to sleep because of snoring and talking neighbors.