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Rent advice-NYC posters

Posted on 5/1/12 at 4:26 pm
Posted by The Lodge
All ov3r
Member since Dec 2009
43 posts
Posted on 5/1/12 at 4:26 pm
I am currently looking for an apt in NYC. Have a steady full time, plus a part time for extra cash. For those of you in NYC, or other major metro areas, how much (%) of your yearly paycheck are you spending on rent? I am looking in Manhattan and Brooklyn. Just want to get an idea. Thanks!
Posted by I Love Bama
Alabama
Member since Nov 2007
38436 posts
Posted on 5/1/12 at 4:33 pm to
quote:

I am looking in Manhattan and Brooklyn


prayers sent

$$$$$$$$$$$$$$$$$$$$$
Posted by Solo
Member since Aug 2008
8257 posts
Posted on 5/1/12 at 5:30 pm to
No car needed, which is nice, but don't go over 40% if you can avoid it.

Also, suck it up and live in Manhattan.

3k for a 1BR.
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 5/1/12 at 5:32 pm to
quote:

Also, suck it up and live in Manhattan.

3k for a 1BR.


Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5858 posts
Posted on 5/1/12 at 5:45 pm to
40% is a good number. When I first moved in I was going about 50% not including bonus.

The most expensive areas are Greenwich Village, Soho, Upper East Side, and spots here and there. Brooklyn's not bad, especially if you're close to the subways (specifically the L, your communte won't be bad at all).

Best advice is to go Manhattan at first because you're going to go balls out regardless in Manhattan. After you calm down a little bit go to Brooklyn.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26746 posts
Posted on 5/1/12 at 5:45 pm to
Most of my friends in Manhattan spend 1500-2000 or so. Theyre all young investment bankers who spend like 7 hours a day there though.
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5858 posts
Posted on 5/1/12 at 5:50 pm to
quote:

Most of my friends in Manhattan spend 1500-2000


That's not bad, I had to go 1850 when I first moved up here.

If you're looking for the best neighborhoods, then go (in order of personal preference).

1. East Village
2. Nolita
3. Soho
4. West Village
Posted by DaBeerz
Member since Sep 2004
18309 posts
Posted on 5/1/12 at 5:58 pm to
We pay 2300 base rent for 750 sqft 1 BR in DC. I figured NYC would be worse.
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5858 posts
Posted on 5/1/12 at 6:23 pm to
You must be living dead center of Georgetown or a few blocks from Capitol Hill I'm assuming?
Posted by reb13
Member since May 2010
10905 posts
Posted on 5/1/12 at 6:24 pm to
My buddies dad had a condo in south Manhattan, by the capital building. He said its 3500 a month for an efficiency.
Posted by Azazello
Member since Sep 2011
3231 posts
Posted on 5/1/12 at 6:40 pm to
Wow, where in the hell are you living in DC?

I lived on East Capital right behind the SCOTUS and my rent was about $800 cheaper for the same size apt

Posted by DaBeerz
Member since Sep 2004
18309 posts
Posted on 5/1/12 at 7:00 pm to
Downtown...about 4 blocks from the white house. Been a fun 2 years but we about to have a kid and will be moving to Arlington or Alexandria to get more space
Posted by Azazello
Member since Sep 2011
3231 posts
Posted on 5/1/12 at 7:08 pm to
Alexandria is just as expensive, especially the nicer areas surrounding King St. If you ride the metro a lot you won't have a lot of choices in that area.

Arlington rocks though. A bunch of my friends live in the Ballston/Courthouse area and I love going out there.

Posted by DaBeerz
Member since Sep 2004
18309 posts
Posted on 5/1/12 at 7:24 pm to
We toured a spot by Eisenhower metro we liked 3 BR for just a little more than we pay now. time to settle down and go to the burbs
Posted by MStant1
Houston, TX
Member since Sep 2010
4557 posts
Posted on 5/2/12 at 9:59 am to
How much do you make a year and I will tell you what you can afford.


If you want best bang for buck, then choose somewhere in western Queens. Also expect to have a roommate in Manhattan unless you are a baller or want to live in a tiny tiny studio.
Posted by MStant1
Houston, TX
Member since Sep 2010
4557 posts
Posted on 5/2/12 at 10:01 am to
quote:

Most of my friends in Manhattan spend 1500-2000 or so. Theyre all young investment bankers who spend like 7 hours a day there though.


They either are living in small crappy studios or have three people in a converted 2 bedroom. 1500-2000 a month does not go far at all in Manhattan.
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 5/2/12 at 11:41 am to
quote:

We pay 2300 base rent for 750 sqft 1 BR in DC. I figured NYC would be worse.




You need to consider moving to NWA.



You could have this house for that much money a month.




4600 sq ft in Fayetteville.

or this




Those two houses are considered expensive as hell and for the extremely wealthy.


A decent starter home will run you $700 to $1100 a month.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/2/12 at 12:58 pm to
But you live in Northwestern Arkansas.
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 5/2/12 at 1:15 pm to
quote:

But you live in Northwestern Arkansas.


That's a good thing. The rest of the state is shitty though.


Most transplants that move in for corporate jobs here never leave even when they're done working.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/2/12 at 1:18 pm to
I'm just saying, you understand this is a to each his own thing right? Like I personally have zero interest in owned a 5000 sq foot house, but I would JIMP at a 1100 sq ft condo in Manhattan.
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