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re: Rent advice-NYC posters

Posted on 5/2/12 at 4:10 pm to
Posted by ATL_Tiger
Philly
Member since Mar 2004
2349 posts
Posted on 5/2/12 at 4:10 pm to
quote:

250k in Arkansas is approx 650k in NYC.



Let's also triple the disposable income shall we? your 100K in annual disposable income, let's go ahead and triple that to 300k, cool?

Oh, and your 50K in annual savings, let's just go ahead and triple that to 150K.

saying making 250K in Arkansas is like making 650K in NYC is just dumb.


This post was edited on 5/2/12 at 4:12 pm
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5858 posts
Posted on 5/2/12 at 4:12 pm to
You can save money in NYC if you want. It's actually easy.

1. Spend $104 on a monthly unlimited subway card (You take away car payement, insurance, and gas).
2. Buy all your food at Trader Joes (somewhat comparable prices to Wal-Mart).
3. Don't have fun, or if you do only do specials. The entire city is a string of bars, you can find deals (especially unlimited brunch drink specials) everywhere.
4. Don't punch guidos. (It's hard, really hard, but you can't fight up here. Everyone goes to jail and everyone's a lawyer.)
Posted by Waffle House
NYC
Member since Aug 2008
3984 posts
Posted on 5/2/12 at 4:29 pm to
quote:

2. Buy all your food at Trader Joes


As a new resident I was shocked how things at Whole Foods are basically the same price here as they were in Atlanta.

And you are a better man than I am waiting in those lines at Trader Joes. I will gladly pay a little extra to get in and out.
Posted by iggle
Member since Oct 2007
2649 posts
Posted on 5/2/12 at 4:30 pm to
I save money by riding my bike anywhere I can go. I stay in shape, and it's free transportation. I also cook at home and bring my lunch nearly every day. I still go out 2-3 times a week though because what's the point of living in NY if you don't get to enjoy it?

I save the most though, by living in brooklyn. Manhattan is WAY overrated and it's just not a good fit for me.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/2/12 at 4:31 pm to
I'm trying to angle my way up there in the next 3 months. Best shot is coming up soon so we'll see. :fingerscrossed:
Posted by trillhog
Elite Membership
Member since Jul 2011
19407 posts
Posted on 5/2/12 at 4:38 pm to
quote:

'm trying to angle my way up there in the next 3 months. Best shot is coming up soon so we'll see. :fingerscrossed:


what's your game plan? i'm wanting to go back sooner than later myself.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/2/12 at 4:44 pm to
Hope I can convince this analyst to give me a shot to be a junior analyst for him. That's all I got, that's my best chance as its the only place I have any sort of connections.
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5858 posts
Posted on 5/2/12 at 5:59 pm to
I only follow steps 1 and 4. Most of my disposable income that isn't saved is spent on dates and drinks.

Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 5/2/12 at 6:14 pm to
Just curious, they have wal mart in NYC?
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5858 posts
Posted on 5/2/12 at 6:26 pm to
Negative, they're trying to build one somewhere but so far no dice.
Posted by MStant1
Houston, TX
Member since Sep 2010
4557 posts
Posted on 5/2/12 at 7:50 pm to
They have a Target in Queens and Brooklyn.
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 5/2/12 at 8:29 pm to
quote:

Negative, they're trying to build one somewhere but so far no dice.



Why backlash? They would make a nice store there. They aren't going to dump a shitty store in NYC like it's some random place in the US. Nicer places have nicer built Wal-Mart with products that actually appeal to it's area and interests.
Posted by rickgrimes
Member since Jan 2011
4340 posts
Posted on 5/2/12 at 9:55 pm to
quote:

I think you could do just as well if you have a good job (making 150 to 250k) in Arkansas than you good in NYC making a comparable amount (750 to 2 million?)

How long does one have to work coming out of college with a decent degree (engg, finance etc.) to start making $150 to $250k in NWA?
This post was edited on 5/2/12 at 10:21 pm
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 5/2/12 at 10:30 pm to
quote:

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


I live about two blocks away from Courthouse Metro and it is indeed nice.

But a few months back for the hell of it I figured out what kind of place I could buy in a depressed market like Miami or Vegas for the 780 s.f. condo I currently own. I could be typing this from my glass-enclosed pool right now (seriously).

But earning enough to afford that would have been much more difficult there. Plus I like the people here in DC.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/2/12 at 10:32 pm to
If I knew anyone in Miami I would move there for like 2 years in fricking heartbeat. Douchebags are everywhere, but man, I'd probably have to have reconstructive surgery because my face would probably permanently be:


Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 5/2/12 at 10:35 pm to
quote:

How long does one have to work coming out of college with a decent degree (engg, finance etc.) to start making $150 to $250k in NWA?




A long time. I was more talking like getting in a gig with Wal-Mart or even better, a company that sells to Wal-Mart.
Posted by rickgrimes
Member since Jan 2011
4340 posts
Posted on 5/3/12 at 2:40 am to
A person working in New York would reach 6 figures in salary much faster and that salary growth rate over their career will also be be much faster than someone working in NWA. Like the other person said, just because the cost of living is higher in New York doesn't mean $250k in NWA is worth the same as $650k in NY or whatever you said it was.

Online cost of living calculators are one of the worst predictors out there. I saw it first hand when I moved from TX to CA what a steaming pile of shite they all were. As an example, one of them said for someone that makes $90k in TX needs to make $150k in CA to maintain the same standard of living. Yeah right. Good luck convincing a new employer to give you a 66% raise just because you are moving from one state to another (especially if you are fairly young). I didn't even come close to getting the kind of raise that these calculators estimated, but my quality of life has gone up if anything. If you control your spending, the higher disposable income you have every month is just something you will never have if you live in a cheap state making a much lower salary.
Posted by MStant1
Houston, TX
Member since Sep 2010
4557 posts
Posted on 5/3/12 at 7:59 am to
I don't want to give the impression that I wouldn't notice a huge difference in living if for god knows what reason I moved to NWA with the same salary. However it wouldn't be a more than 100% difference as the calculator is claiming.

I estimate that if I moved to NWA on my same salary it would be about equal to someone giving me a 25K-30K raise. Big difference, but no where near more than the double the calculator claims.
Posted by trillhog
Elite Membership
Member since Jul 2011
19407 posts
Posted on 5/3/12 at 8:08 am to
i think moving to nwa the main savings would be your real estate. but throw in a benz and a tahoe and the insurance to get around and your right back where you started.
This post was edited on 5/3/12 at 8:13 am
Posted by MStant1
Houston, TX
Member since Sep 2010
4557 posts
Posted on 5/3/12 at 9:49 am to
Taxes would be another huge difference. Rent and taxes are my biggest expenses.
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