You read my mind, @TravellerG .
I got the same idea, about extending the stay, but only after reaching the hostel.
I had booked the hosted a couple of months in advance solely on the basis of its attractive rates.
The hostel was in fact very basic in nature by American standards and local residents mostly won’t opt for it.
Most people staying in the hostel were international budget travelers like me, and I have tried to showcase the hostel in a very favorable way, looking at only the good parts of it.
The biggest downside were washrooms that were not up to mark and a very few common washrooms were available to a large number of guests.
There was no attached toilet in any of the rooms which were small dormitories hosting 4 people at a time in small bunk beds.
This I think should explain the low price.