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Message
re: New York moving recommendations
Posted on 6/13/16 at 10:51 am to lsupride87
Posted on 6/13/16 at 10:51 am to lsupride87
quote:
Congrats You are one of the few Non Asian homeowners in New York
Thanks. The building wanted 34% down and we have to renovate. 80% of our savings just went poof. Hopefully, we sell in five years and make a couple of 100k back.This post was edited on 6/13/16 at 10:52 am
1
Posted on 6/13/16 at 10:52 am to MSTiger33
quote:
we have to renovate
quote:You will if you renovate.
Hopefully, we sell in five years and make a couple of 100k back.
Posted on 6/13/16 at 10:52 am to MSTiger33
quote:
If possible, I say buy a studio. It would be cheaper than paying monthly rent and then you can sell it later at a nice profit. NYC is immune (almost) from the real estate bubble.
I'll eventually do this if she truly loves it and her job. I may wait a couple of years though.
Footing the broker money is no biggie and I am thinking I may want to do that just to avoid all of the hassle.
Posted on 6/13/16 at 10:55 am to lsupride87
We hope. We got a 2br in Yorkville, doorman building and gym at under $800/sq ft. I am hoping to sell at $1,100/sq ft or higher. Wishful thinking, but realistic considering the current market.
Posted on 6/13/16 at 10:57 am to MSTiger33
quote:
We hope. We got a 2br in Yorkville, doorman building and gym at under $800/sq ft. I am hoping to sell at $1,100/sq ft or higher. Wishful thinking, but realistic considering the current market.
Three words for you- second avenue subway.
Posted on 6/13/16 at 10:58 am to NYNolaguy1
quote:
Three words for you- second avenue subway.
You know it. We bought from an estate that had no heirs. I may pull the horseshoe out of my arse and drop it on the table at closing.
Posted on 6/13/16 at 11:00 am to MSTiger33
quote:
You know it. We bought from an estate that had no heirs. I may pull the horseshoe out of my arse and drop it on the table at closing.
I would love to live in NYC. I went 2-3 times a month with my old job and fell in love. The energy of the city made it feel like I wasnt even workingPosted on 6/13/16 at 11:04 am to lsupride87
quote:
The energy of the city made it feel like I wasnt even working
Meh, I wouldn't go that far. I have definitely had employers that loved the fact I was salaried. Also when you factor in daycare, rent, and everything else, quality of life takes a big hit if you make <$150k/year vs anywhere else in the country.
Posted on 6/13/16 at 11:06 am to MSTiger33
quote:
My wife and I are closing on our place on the UES today. No more renting for us
Congrats.
Any kids? I like the city a lot, I think it would be rough with kids though (assuming one isn't a multimillionaire or better).
Posted on 6/13/16 at 11:06 am to NYNolaguy1
quote:That is why I havent made the move. I have a wife and son and plan to have more. If I planned to live my life as a bachelor, I would be there in a heartbeat. People love to talk about how expensive the city is, but if you are a single guy with a good job, I argue it is almost cheaper than living here (Nola).
Also when you factor in daycare, rent, and everything else
Posted on 6/13/16 at 11:07 am to NYNolaguy1
Very true. Especially factoring in child care.
Posted on 6/13/16 at 11:09 am to Grandioso
Posted on 6/13/16 at 11:18 am to LSU0358
quote:
Congrats.
Any kids? I like the city a lot, I think it would be rough with kids though (assuming one isn't a multimillionaire or better).
We have a 14 month old and plan to have a couple more. We are moving to CT in 5 years for the schools and to be close to the in-laws. I would have a heart attack if I have a teenager running around the city.
This post was edited on 6/13/16 at 11:19 am
Posted on 6/13/16 at 11:29 am to MSTiger33
quote:
We are moving to CT in 5 years for the schools and to be close to the in-laws. I would have a heart attack if I have a teenager running around the city.
I figured that might be the case. Looked to me that getting in a good public school would be like winning the lottery. And private schools started at the nice low price of ~$25k/yr...upper tier privates at high 30s.
Agree on the teenager issue. I saw early teens getting on the subway after school got out and that would scare the crap out of me.
Posted on 6/13/16 at 11:36 am to Grandioso
Don't do it!
Moving to New York turns straight people into Guidos, Guidos into gays, gays into Mexicans, and Mexicans into Puerto Ricans. Everyone goes down a peg!
Moving to New York turns straight people into Guidos, Guidos into gays, gays into Mexicans, and Mexicans into Puerto Ricans. Everyone goes down a peg!
Posted on 6/13/16 at 11:37 am to kingbob
quote:That is a positive transition in my book
Guidos into gays
No homoPosted on 6/13/16 at 11:43 am to Grandioso
she won't need a car in Manhattan.
If you know the location of the employer, figure out the subway trains that go right to it. Then work back to places she might want to live that are on that line. (or the bus line).
a strange thing you might not figure on is the location of real grocery stores.
buy duo-fold long underwear now while sizes are a wide selection.
three sets. two degrees of heaviness. one really heavy for that 14 degree morning with 25 MPH wind, and two sets with a wool outer for your every day 35 degree pouring rain and your 5 inches of snow day.
If you know the location of the employer, figure out the subway trains that go right to it. Then work back to places she might want to live that are on that line. (or the bus line).
a strange thing you might not figure on is the location of real grocery stores.
buy duo-fold long underwear now while sizes are a wide selection.
three sets. two degrees of heaviness. one really heavy for that 14 degree morning with 25 MPH wind, and two sets with a wool outer for your every day 35 degree pouring rain and your 5 inches of snow day.
This post was edited on 6/13/16 at 11:46 am
Posted on 6/13/16 at 11:45 am to Grandioso
quote:
2.) Is it doable to rent a 1 bedroom apartment under $1,800? If so, any particular areas? Work will be in Chelsea so anything around there (Greenwich Village, SoHo, Midtown, Upper West, etc.) would be ideal.
It is doable. I have a one bedroom in the UES for $1800. It's small but completely updated and UES is very safe. Use Streeteasy and nakedapartments to look.
quote:
3.) What's the best route in physically moving there? Pods? Should I just sell her shite in Chapel Hill and buy things while we are up there and have them delivered to the apartment? She may have too much furniture and belongings to fit into the future apartment.
Company should give her a moving stipend. Make sure she fights for that when the time comes.
quote:
4.) I would definitely like to sell her car, cancel her insurance, etc. Are there any others that would suggest otherwise?
Yeah don't need car. $118 a month gets you unlimited BUS/TRAIN usage for a month.
The apartment will ask that she makes 40x the monthly rent during a year. If she doesn't make that much then they will ask for a co-signer that makes 80x the monthly rent.
To get into the apartment will be expensive. There is usually a one month brokers fee, plus one month security deposit plus first month rent. On $1800 apartment you are looking at around $5500 just to get into the apartment. That doesn't include cable, electricity.
Once again, company should provide some kind of stipend to help cover these costs.
Posted on 6/13/16 at 11:48 am to Grandioso
quote:
2.) Is it doable to rent a 1 bedroom apartment under $1,800? If so, any particular areas? Work will be in Chelsea so anything around there (Greenwich Village, SoHo, Midtown, Upper West, etc.) would be ideal
For a shoebox in Harlem, sure.
Posted on 6/13/16 at 11:49 am to Grandioso
My daughter did it and I think it is a great experience and something every kid who can afford it should do. The price for a studio/one bedroom is more like $2500-2700 a month unless she moves to upper upper east side. I recommend she stay in the downtown area as this is where most kids her age live and where they go out. We did Nolita/Soho but Chelsea and East Village are options. Brooklyn is good but I didn't want her on subway at night and cabs can get expensive.
We paid to move furniture and it was the biggest mistake of my life. Buy it there and try to sell or donate when she leaves or at least only pay to move it once. Don't freak out when looking at apartments. It is pretty shocking what you get for the money. Ask around if you can find people who live in buildings first. Love that city!
We paid to move furniture and it was the biggest mistake of my life. Buy it there and try to sell or donate when she leaves or at least only pay to move it once. Don't freak out when looking at apartments. It is pretty shocking what you get for the money. Ask around if you can find people who live in buildings first. Love that city!
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