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re: Moving to NYC

Posted on 5/8/16 at 5:43 pm to
Posted by ballscaster
Member since Jun 2013
26861 posts
Posted on 5/8/16 at 5:43 pm to
quote:

No offense, but look up the cost of living there via Forbes or Business Insider. That's roughly the equivalent of making $50k in BR.

I was slumming it in the $40,000's in my late 20's. My bald, ugly arse got laid all the time. The OP is gonna kill it.
Posted by vl100butch
Ridgeland, MS
Member since Sep 2005
37326 posts
Posted on 5/8/16 at 5:52 pm to
You only live once......look for a sublet

The one big thing I miss about coming back south is going to Legends...

Ballcaster, I've probably met you there
Posted by RedlandsTiger
Greenwell Springs, LA
Member since Jan 2008
3215 posts
Posted on 5/8/16 at 5:57 pm to
Here's a studio apartment 295sf at $495k

I can't believe it's Price/sqft: $1,833.
Posted by DirtyMikeandtheBoys
Member since May 2011
19467 posts
Posted on 5/8/16 at 6:01 pm to
Want to go in halfsies?

LINK

we could get ballscaster and split this one 3 ways
This post was edited on 5/8/16 at 6:03 pm
Posted by ForeverLSU02
Albany
Member since Jun 2007
52585 posts
Posted on 5/8/16 at 6:12 pm to
quote:

'll be making right at 6 figures in an extremely secure job.
6 figures isn't what it used to be....
Posted by LSU713
Plano, TX
Member since Dec 2003
669 posts
Posted on 5/8/16 at 6:12 pm to
I moved up to NYC, making similar money and about the same age. It was the best decision I ever made. Lived there 6 years before moving back down South. It was the most fun I had in my life. I worked hard but played crazy hard.

The city is so social and women outnumber men. Many of the women have this crazy combination of being hot, career oriented, ambitious and fashionable. And because they know men are the minority (and non a-holes even more of a minority), they are the most aggressive (in a good way) Ive ever met. It's such a transient city, everyone is looking to be social and get laid.

You'll meet people from all over the country and the world and learn more things about yourself and others than you ever thought you would. You'll benefit from being exposed to so many people. It was great to get out of the bubble of Baton Rouge and the South.

The restaurant scene is better than everywhere in the country; you'll find the most diverse food selection in the USA. And a restaurant has to be good bc it can't afford overhead if it's not. And plenty of reasonable price restaurants exist.

You can make that level of money and have the time of your life (and save a bit too). Don't believe those cost of living indexes; they are only half true.

Have a great time. I still miss Legends on Saturday afternoons and night. The energy of New York City is unmatched!
Posted by pjab
Member since Mar 2016
5775 posts
Posted on 5/8/16 at 6:15 pm to
I'm moving there soon too. A big difference between the real estate markets (besides price) is required down payment. You won't get a 3.5% FHA. Most cases you need 20% down. Maintenance includes taxes which are about double New Orleans. A good rule of thumb is $20k per year $1m for taxes. Not to mention you will pay a premium for move in ready places as renovating cost are multiple times around here (think $250/ft+). As far as a car, insurance will be about $4k per year in top of the garage space.
Posted by ballscaster
Member since Jun 2013
26861 posts
Posted on 5/8/16 at 6:19 pm to
quote:


6 figures isn't what it used to be....
It is if you have condoms.
Posted by ballscaster
Member since Jun 2013
26861 posts
Posted on 5/8/16 at 6:24 pm to
quote:


The one big thing I miss about coming back south is going to Legends...

Ballcaster, I've probably met you there
Probably, and I was probably drunk, and I probably didn't remember it, and it probably happened 100 times
Posted by MSTiger33
Member since Oct 2007
21754 posts
Posted on 5/8/16 at 6:50 pm to
The NYC real estate market is a beast all its own. If you plan to buy then you have two options for the most part, co-op or condo. The price per sq ft varies and really depends on the unit and the building. Co-ops tend to be cheaper than condos, but are more restrictive. Do you want a walk up or a doorman building with an elevator? That also changes the price. Location is another big variable. How close do you want to live to a subway station? How long do you want to commute?

Also, if you plan to buy in a co-op, be prepared for a long invasive process. My wife and I are in the process of buying a true 2 bedroom. We signed the contract in mid-February and still haven't closed. Hopefully, we will close this month and then have at least two months of renovations. The unit is a great layout, but needs work. We bought around $785 sq/ft. Our broker believes we could turn it around after the renovations and sell for about $1,000 sq/ft.
Posted by quail man
New York, NY
Member since May 2010
41261 posts
Posted on 5/8/16 at 7:23 pm to
quote:

Also if Quail Man shows up n this thread I bet he has legit advice.





OP, a lot have given great advice in here. If you want to talk via email, just post yours and i'm happy to shoot you one. But I agree with most who say rent for a year, figure out the lay of the city and where you want to live/what best suits your lifestyle. Then either move or buy after that. The market up here is pretty good right now for renting. Apparently rent has gone DOWN 2% in the last year. You can probably find some good stuff on the Upper East Side by the new 2nd ave subway for a good price, depending on when you move in. Construction there is supposed to end by the end of the year.

If you look up new york neighborhoods, you can probably find a little info about each one. There's a different character for each, and you can just feel it when you go from one street to the next and jump from say chelsea to the west village. A 20 something like you could do well in the east village, murray hill, upper east side area.

Also, do NOT move to anywhere in brooklyn on the L line because they are shutting it down for possibly 3 years starting in 2017.

I know people here have said look outside of the city. I lived in queens my first year to adjust. I think that's a good idea if you feel you may need some help adjusting. Astoria is great, as is Sunnyside and Forest Hills. But the commute from Queens would be a bitch to downtown, so you'd want brooklyn (prospect park area is one of my favorites or crown heights). frick Jersey. However, if you feel you can handle a quick change (faster pace, smaller space), then it's definitely worth living in manhattan for a year. I definitely don't regret it. Best of luck
Posted by pjab
Member since Mar 2016
5775 posts
Posted on 5/8/16 at 8:02 pm to
State tax is about .75% more than LA, but NYC tax is an additional 3.75%.
Posted by Cracker
in a box
Member since Nov 2009
19318 posts
Posted on 5/8/16 at 8:06 pm to
Welcome to Hoboken
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