Would you move to nyc for 200k more in salary?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I worked in NYC 30 years. Not a SINGLE executive ever paid private schools.

I grew up Great Neck with an award winning HS with a 25 commute to Manhattan, later loved by Rockville Centre another award winning school around 35 minutes from nyc.

My house in Great Neck was a 2-3 minute walk from train. I could be in Manhattan under 30 minutes from my living room chair.

I also when single lived by Douglaston train,


All execs lived close in towns near train in surburbs with great schools.

NJ has lots of same.

Plus my one rich boss who lived in Garden City also had a house in Southampton an easy commute to summer house.

Nowhere near executive rank and plenty of my non executive friends do privates, including a government couple GS12-13 economist, a teacher + government contractor couple (2 kids at Potomac), a fintech director + HF analyst couple. By my generation a job is part of overall wealth and we don’t feel we need to skimp on certain experiences bc some executive from 1990s did things their way.

Nah Scarsdale High is full of the children of rich execs. Most people who earned their money in hard jobs did the math and realized that living in Westchester made the most sense. You may believe you have “overall wealth” but you either don’t or didn’t actually work for it. Most rich execs would prefer not to throw away $150k/year on something they can get for free (assuming 3 kids). Also a lot of those guys started having kids before they got rich so they would have started in the burbs.

Scarsdale is not the same as 20 years ago. It’s more diverse now. And plenty of professional live there on smaller lots with house priced 1.5mm below, they tend to have 1 - 2 kids later in life due to dual incomes. Makes totally sense to do private: lower tax + private high school vs higher tax from elementary school. I did the math myself. And some of the IC HF analysts makes 20mm a year without being “executive”, we also have IT guys with a book of business just by himself, there is a couple semi-famous authors in the neighborhood too. Your executives lifestyle doesn’t mean it’s the golden standards 😁

How does it make sense to do private school again?

Scenario 1:

Buy 1.5mm house in new Rochelle, pay 8k tax, send 1 kid to public for 6 years, 6 years to private.

Scenario 2:
Buy similar house in Scarsdale school district for 2.8mm, pay 70k property tax, send 1 kid to public for 12 years.

Make sense now?

Most people in this scenario have 2-3 kids and I do not think that tax is 10x higher in scarsdale. Also you don’t have to pay $2.8 mil for Scarsdale.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I get paid 260k here salary.

Similar job but different company offering me 460k salary but I would have to move to nyc

Bonuses are 100k-200k. 100k here. 200k possibly nyc but bonuses are never guaranteed.

Should I consider moving there? Middle and high school age kids here.

Your increased base salary will result in about $7,680 more in net (after tax) income per month.

Is $7,700 a month pay increase worth all the hassles of change for you and your family ?

And I did not even consider the higher cost of living such as increased property taxes and increased tuition for private school as well as for daily living (groceries, utilities, transportation,etc.).

They don't have public school in New York or it's suburbs?

I mean, people who won’t bat an eye at 200k surely won’t go to public?

Private is the option for people who want to stay in the city but don’t have kids smart enough for the test in schools.

Plenty of very affluent people decamp to the burbs and public school.

Or your avg dual income family who want to support your kid to be an artist? Your thinking is based on imagination and not the real world.

We have a couple Engineer + Medical biller who sent their youngest to a hybrid online private school so she can dance, now she is in Spain studying arts economics and plan to work in the dance world in some capacity.

No your “average dual income family” cannot pay for private school. Also your little vignette sounds like a financial disaster for all involved. I basically don’t know any families that paid for private school who really think it was that a good use of money unless the local schools were truly truly not an option. One relative even thinks it hurt her DD’s college chances because she didn’t get the GPA boost from APs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I worked in NYC 30 years. Not a SINGLE executive ever paid private schools.

I grew up Great Neck with an award winning HS with a 25 commute to Manhattan, later loved by Rockville Centre another award winning school around 35 minutes from nyc.

My house in Great Neck was a 2-3 minute walk from train. I could be in Manhattan under 30 minutes from my living room chair.

I also when single lived by Douglaston train,


All execs lived close in towns near train in surburbs with great schools.

NJ has lots of same.

Plus my one rich boss who lived in Garden City also had a house in Southampton an easy commute to summer house.

Nowhere near executive rank and plenty of my non executive friends do privates, including a government couple GS12-13 economist, a teacher + government contractor couple (2 kids at Potomac), a fintech director + HF analyst couple. By my generation a job is part of overall wealth and we don’t feel we need to skimp on certain experiences bc some executive from 1990s did things their way.

Nah Scarsdale High is full of the children of rich execs. Most people who earned their money in hard jobs did the math and realized that living in Westchester made the most sense. You may believe you have “overall wealth” but you either don’t or didn’t actually work for it. Most rich execs would prefer not to throw away $150k/year on something they can get for free (assuming 3 kids). Also a lot of those guys started having kids before they got rich so they would have started in the burbs.

Scarsdale is not the same as 20 years ago. It’s more diverse now. And plenty of professional live there on smaller lots with house priced 1.5mm below, they tend to have 1 - 2 kids later in life due to dual incomes. Makes totally sense to do private: lower tax + private high school vs higher tax from elementary school. I did the math myself. And some of the IC HF analysts makes 20mm a year without being “executive”, we also have IT guys with a book of business just by himself, there is a couple semi-famous authors in the neighborhood too. Your executives lifestyle doesn’t mean it’s the golden standards 😁

How does it make sense to do private school again?

Scenario 1:

Buy 1.5mm house in new Rochelle, pay 8k tax, send 1 kid to public for 6 years, 6 years to private.

Scenario 2:
Buy similar house in Scarsdale school district for 2.8mm, pay 70k property tax, send 1 kid to public for 12 years.

Make sense now?

I think this is where Westchester school districts can be confusing.

I gather you are saying that you may have a Scarsdale address but feed to a New Rochelle school. As a result, your property tax is quite low but the school options aren't great and you may go private.

If you buy in Scarsdale and actually feed into Scarsdale schools, then your property tax is quite high (same if you feed into Bronxville schools or other high-performing districts). Scarsdale is often referenced because it has some of the highest performing public schools in the country.

Scarsdale public school is also maybe the only public school district in the country that opted out of AP classes. They allow kids to sit for the tests but they don't have actual AP classes. They call them Advanced Topic classes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:[youtube]

Anonymous wrote:I get paid 260k here salary.

Similar job but different company offering me 460k salary but I would have to move to nyc

Bonuses are 100k-200k. 100k here. 200k possibly nyc but bonuses are never guaranteed.

Should I consider moving there? Middle and high school age kids here.

I would move. No hesitation. You have an opportunity to almost double your pay and you aren’t going for it? Your current pay is low.
I bet that this job also offers more opportunities to grow. In a few years, you may be at 600k, 700k.
Your kids will hate you when they learn that you turned down an opportunity to get the family out of “poverty”. Ok, 260k is not poverty, but it’s not much here in the DMV.

Shaddup. It’s not poverty or even nearly poverty. So out of touch. I went to college in nyc, and think it could be fun to live there with teens/tweens, but we have a nice house in DC, and would be trading it for a tiny apartment, so I’d be disinclined to move. I grew up in the Hudson valley. I wouldn’t live there and commute. Probably westchester, and that’s worse/more snobby than DC. I’d consider NJ, but how is that better? Never ever Long Island.

Are you OP? I'm not the PP, but I have a little insight that may help you. I've raised my DCs in Manhattan, but admittedly with much more money at my disposal. However, when my DCs were in 4th and 8th grades we did briefly and seriously consider moving to the suburbs. If my DCs were younger, I likely would have chosen that route . . . but I was worried about my older DC, who would be starting high school as the "new kid" in a school full of DCs who already had long-established relationships. Mind you that she would be a "new kid" in NYC because she was attending a K-8, but she would be among a large cohort of DCs in similar circumstances.

A chat with a realtor mom at an open house in Summit is what ultimately sealed my decision to stay in the city. She was extremely nice, but it was clear to me that the social hierarchy among families in the community was already set in stone, and it would be hard for us to break in with older children even though we had friends in town. We had a great and supportive community in the city, and we ultimately decided it was not worth trading for a yard and bigger closets.

I don't regret my decision nearly a decade later. I realize that you have bigger stakes in your decision, but if you're having doubts do not discount how difficult it may be for your family to break into social circles that have been well-established and tend to be insular.

But you are super rich. Trust me public School was pretty damm rough in the 1970s. My parents left NYC in 1974 and never looked back. Long Island was Heaven.

But if I was from DC towns like Westfield NY or even Ho Ho Kus is easier if going back to DC a lot by car as miss whole Bronx and GWB nonsense.

I moved NYC to DMV for work and much more expensive here. Why well we no longer have starter homes close in with good school districts. They have all been torn down. My old town was full of 60x100 homes that were 1,500 to 1,800 sf in a town largely built before cars existed. My train station near my house was built 1880. So homes were built near train to NYC. There was no cars. Also my kids school was walking distance to my house and train. And with houses smaller prices smaller. I had an award winning school.

When I moved here to get a house in a good school district, not so far out my neighborhood is more expensive. All the small homes are gone. Or never built in first place. Most of DMV built up after we all had cars. My current house is now worth 2 million in DMV. That is crazy. My old house is worth arund 775K now. If I still owned it. At my old house for years I mowed my lawn myself, shoveled my own walk, did my own home repairs and had plenty of mom and pop places nearby that charged 1/2 what they charge here. We knew all the neighbors, beach up the block, town had a resident pool. None of that is here.

You need to be wealthy to have a beach house, join a pool club, live in a good school district close in near metro. And dont get me started on home repairs. It is triple here.

And Before that I had a rent stabalized apt in Gramarcy park when single. Work paid for metro card, owned no car and my bagel truck on my block I got a bagel and small cup of coffee for one dollar. Where does that exist here? Call me Monther 15 bucks for an egg sanwhich with coffee, I was paying 5 bucks for that in Manahattan off the cart.

I'm not suggesting OP choose to live in the city, and I agree with you that---from a budget and lifestyle perspective---she will likely be sacrificing more than she'll be gaining with the move. She will be able to find a nice community in the NYC suburbs that will avoid that tradeoff, but it is likely going to be hard for her and her family from a social standpoint given the age of her children. That would be difficult in the city, as well, although it's more transient here and arguably less difficult to break in as a new family.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I get paid 260k here salary.

Similar job but different company offering me 460k salary but I would have to move to nyc

Bonuses are 100k-200k. 100k here. 200k possibly nyc but bonuses are never guaranteed.

Should I consider moving there? Middle and high school age kids here.

Your increased base salary will result in about $7,680 more in net (after tax) income per month.

Is $7,700 a month pay increase worth all the hassles of change for you and your family ?

And I did not even consider the higher cost of living such as increased property taxes and increased tuition for private school as well as for daily living (groceries, utilities, transportation,etc.).

They don't have public school in New York or it's suburbs?

I mean, people who won’t bat an eye at 200k surely won’t go to public?

Private is the option for people who want to stay in the city but don’t have kids smart enough for the test in schools.

Plenty of very affluent people decamp to the burbs and public school.

Or your avg dual income family who want to support your kid to be an artist? Your thinking is based on imagination and not the real world.

We have a couple Engineer + Medical biller who sent their youngest to a hybrid online private school so she can dance, now she is in Spain studying arts economics and plan to work in the dance world in some capacity.

No your “average dual income family” cannot pay for private school. Also your little vignette sounds like a financial disaster for all involved. I basically don’t know any families that paid for private school who really think it was that a good use of money unless the local schools were truly truly not an option. One relative even thinks it hurt her DD’s college chances because she didn’t get the GPA boost from APs.

Everyone in DC is too fixated on becoming developers with their stem degree CMU.

In NYC broader region, lots of people (often the children of dual stem parents) are into design, arts and writing for podcasts. These jobs are just like accounting, you start out at 70k and work your way up. Designers can make 300k+ for the right contracts. Dancers make minimal wage but have access to artists apartments (dirt cheap) in NYC. It’s pretty cool to make things work for non-CS non - GS professionals!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I worked in NYC 30 years. Not a SINGLE executive ever paid private schools.

I grew up Great Neck with an award winning HS with a 25 commute to Manhattan, later loved by Rockville Centre another award winning school around 35 minutes from nyc.

My house in Great Neck was a 2-3 minute walk from train. I could be in Manhattan under 30 minutes from my living room chair.

I also when single lived by Douglaston train,


All execs lived close in towns near train in surburbs with great schools.

NJ has lots of same.

Plus my one rich boss who lived in Garden City also had a house in Southampton an easy commute to summer house.

Nowhere near executive rank and plenty of my non executive friends do privates, including a government couple GS12-13 economist, a teacher + government contractor couple (2 kids at Potomac), a fintech director + HF analyst couple. By my generation a job is part of overall wealth and we don’t feel we need to skimp on certain experiences bc some executive from 1990s did things their way.

Nah Scarsdale High is full of the children of rich execs. Most people who earned their money in hard jobs did the math and realized that living in Westchester made the most sense. You may believe you have “overall wealth” but you either don’t or didn’t actually work for it. Most rich execs would prefer not to throw away $150k/year on something they can get for free (assuming 3 kids). Also a lot of those guys started having kids before they got rich so they would have started in the burbs.

Scarsdale is not the same as 20 years ago. It’s more diverse now. And plenty of professional live there on smaller lots with house priced 1.5mm below, they tend to have 1 - 2 kids later in life due to dual incomes. Makes totally sense to do private: lower tax + private high school vs higher tax from elementary school. I did the math myself. And some of the IC HF analysts makes 20mm a year without being “executive”, we also have IT guys with a book of business just by himself, there is a couple semi-famous authors in the neighborhood too. Your executives lifestyle doesn’t mean it’s the golden standards 😁

How does it make sense to do private school again?

Scenario 1:

Buy 1.5mm house in new Rochelle, pay 8k tax, send 1 kid to public for 6 years, 6 years to private.

Scenario 2:
Buy similar house in Scarsdale school district for 2.8mm, pay 70k property tax, send 1 kid to public for 12 years.

Make sense now?

I think this is where Westchester school districts can be confusing.

I gather you are saying that you may have a Scarsdale address but feed to a New Rochelle school. As a result, your property tax is quite low but the school options aren't great and you may go private.

If you buy in Scarsdale and actually feed into Scarsdale schools, then your property tax is quite high (same if you feed into Bronxville schools or other high-performing districts). Scarsdale is often referenced because it has some of the highest performing public schools in the country.

Scarsdale public school is also maybe the only public school district in the country that opted out of AP classes. They allow kids to sit for the tests but they don't have actual AP classes. They call them Advanced Topic classes.

Yes. As long as the teacher is competent at teaching the subject, they can call it alien topics and I wouldn’t care. The objective is always to master math/science/reading topics and apply for future studies.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I get paid 260k here salary.

Similar job but different company offering me 460k salary but I would have to move to nyc

Bonuses are 100k-200k. 100k here. 200k possibly nyc but bonuses are never guaranteed.

Should I consider moving there? Middle and high school age kids here.

Your increased base salary will result in about $7,680 more in net (after tax) income per month.

Is $7,700 a month pay increase worth all the hassles of change for you and your family ?

And I did not even consider the higher cost of living such as increased property taxes and increased tuition for private school as well as for daily living (groceries, utilities, transportation,etc.).

They don't have public school in New York or it's suburbs?

I mean, people who won’t bat an eye at 200k surely won’t go to public?

A. Op is batting an eye and b. Private in nyc is $65-70 per kid per year so for 2 kids that’s $220k pre tax dollars each year (so a Ferrari each year) you are giving away. We live in nyc and have $1m hhi and are pulling kids out of private and moving to the burbs now we no longer have to go into office bc it is a rare rich person for whom $220k a year is not a consideration

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I get paid 260k here salary.

Similar job but different company offering me 460k salary but I would have to move to nyc

Bonuses are 100k-200k. 100k here. 200k possibly nyc but bonuses are never guaranteed.

Should I consider moving there? Middle and high school age kids here.

Your increased base salary will result in about $7,680 more in net (after tax) income per month.

Is $7,700 a month pay increase worth all the hassles of change for you and your family ?

And I did not even consider the higher cost of living such as increased property taxes and increased tuition for private school as well as for daily living (groceries, utilities, transportation,etc.).

They don't have public school in New York or it's suburbs?

I mean, people who won’t bat an eye at 200k surely won’t go to public?

A. Op is batting an eye and b. Private in nyc is $65-70 per kid per year so for 2 kids that’s $220k pre tax dollars each year (so a Ferrari each year) you are giving away. We live in nyc and have $1m hhi and are pulling kids out of private and moving to the burbs now we no longer have to go into office bc it is a rare rich person for whom $220k a year is not a consideration

Exactly.

[Anonymous]

I would not move my kids. If it were possible to do hybrid or a compressed schedule, I’d consider commuting.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I get paid 260k here salary.

Similar job but different company offering me 460k salary but I would have to move to nyc

Bonuses are 100k-200k. 100k here. 200k possibly nyc but bonuses are never guaranteed.

Should I consider moving there? Middle and high school age kids here.

Your increased base salary will result in about $7,680 more in net (after tax) income per month.

Is $7,700 a month pay increase worth all the hassles of change for you and your family ?

And I did not even consider the higher cost of living such as increased property taxes and increased tuition for private school as well as for daily living (groceries, utilities, transportation,etc.).

They don't have public school in New York or it's suburbs?

I mean, people who won’t bat an eye at 200k surely won’t go to public?

A. Op is batting an eye and b. Private in nyc is $65-70 per kid per year so for 2 kids that’s $220k pre tax dollars each year (so a Ferrari each year) you are giving away. We live in nyc and have $1m hhi and are pulling kids out of private and moving to the burbs now we no longer have to go into office bc it is a rare rich person for whom $220k a year is not a consideration

Private school is obviously for poor people, people without wealth or never made their own money. I concluded from this post.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:[youtube]

Anonymous wrote:I get paid 260k here salary.

Similar job but different company offering me 460k salary but I would have to move to nyc

Bonuses are 100k-200k. 100k here. 200k possibly nyc but bonuses are never guaranteed.

Should I consider moving there? Middle and high school age kids here.

I would move. No hesitation. You have an opportunity to almost double your pay and you aren’t going for it? Your current pay is low.
I bet that this job also offers more opportunities to grow. In a few years, you may be at 600k, 700k.
Your kids will hate you when they learn that you turned down an opportunity to get the family out of “poverty”. Ok, 260k is not poverty, but it’s not much here in the DMV.

Shaddup. It’s not poverty or even nearly poverty. So out of touch. I went to college in nyc, and think it could be fun to live there with teens/tweens, but we have a nice house in DC, and would be trading it for a tiny apartment, so I’d be disinclined to move. I grew up in the Hudson valley. I wouldn’t live there and commute. Probably westchester, and that’s worse/more snobby than DC. I’d consider NJ, but how is that better? Never ever Long Island.

Are you OP? I'm not the PP, but I have a little insight that may help you. I've raised my DCs in Manhattan, but admittedly with much more money at my disposal. However, when my DCs were in 4th and 8th grades we did briefly and seriously consider moving to the suburbs. If my DCs were younger, I likely would have chosen that route . . . but I was worried about my older DC, who would be starting high school as the "new kid" in a school full of DCs who already had long-established relationships. Mind you that she would be a "new kid" in NYC because she was attending a K-8, but she would be among a large cohort of DCs in similar circumstances.

A chat with a realtor mom at an open house in Summit is what ultimately sealed my decision to stay in the city. She was extremely nice, but it was clear to me that the social hierarchy among families in the community was already set in stone, and it would be hard for us to break in with older children even though we had friends in town. We had a great and supportive community in the city, and we ultimately decided it was not worth trading for a yard and bigger closets.

I don't regret my decision nearly a decade later. I realize that you have bigger stakes in your decision, but if you're having doubts do not discount how difficult it may be for your family to break into social circles that have been well-established and tend to be insular.

But you are super rich. Trust me public School was pretty damm rough in the 1970s. My parents left NYC in 1974 and never looked back. Long Island was Heaven.

But if I was from DC towns like Westfield NY or even Ho Ho Kus is easier if going back to DC a lot by car as miss whole Bronx and GWB nonsense.

I moved NYC to DMV for work and much more expensive here. Why well we no longer have starter homes close in with good school districts. They have all been torn down. My old town was full of 60x100 homes that were 1,500 to 1,800 sf in a town largely built before cars existed. My train station near my house was built 1880. So homes were built near train to NYC. There was no cars. Also my kids school was walking distance to my house and train. And with houses smaller prices smaller. I had an award winning school.

When I moved here to get a house in a good school district, not so far out my neighborhood is more expensive. All the small homes are gone. Or never built in first place. Most of DMV built up after we all had cars. My current house is now worth 2 million in DMV. That is crazy. My old house is worth arund 775K now. If I still owned it. At my old house for years I mowed my lawn myself, shoveled my own walk, did my own home repairs and had plenty of mom and pop places nearby that charged 1/2 what they charge here. We knew all the neighbors, beach up the block, town had a resident pool. None of that is here.

You need to be wealthy to have a beach house, join a pool club, live in a good school district close in near metro. And dont get me started on home repairs. It is triple here.

And Before that I had a rent stabalized apt in Gramarcy park when single. Work paid for metro card, owned no car and my bagel truck on my block I got a bagel and small cup of coffee for one dollar. Where does that exist here? Call me Monther 15 bucks for an egg sanwhich with coffee, I was paying 5 bucks for that in Manahattan off the cart.

I'm not suggesting OP choose to live in the city, and I agree with you that---from a budget and lifestyle perspective---she will likely be sacrificing more than she'll be gaining with the move. She will be able to find a nice community in the NYC suburbs that will avoid that tradeoff, but it is likely going to be hard for her and her family from a social standpoint given the age of her children. That would be difficult in the city, as well, although it's more transient here and arguably less difficult to break in as a new family.

There is almost ZERO community in DC. In NYC suburbs a lot of towns self segregate. Always been that way. If one picked the town that matches demographic you will make more friends in a week than a life time in the DMV.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I get paid 260k here salary.

Similar job but different company offering me 460k salary but I would have to move to nyc

Bonuses are 100k-200k. 100k here. 200k possibly nyc but bonuses are never guaranteed.

Should I consider moving there? Middle and high school age kids here.

Your increased base salary will result in about $7,680 more in net (after tax) income per month.

Is $7,700 a month pay increase worth all the hassles of change for you and your family ?

And I did not even consider the higher cost of living such as increased property taxes and increased tuition for private school as well as for daily living (groceries, utilities, transportation,etc.).

They don't have public school in New York or it's suburbs?

I mean, people who won’t bat an eye at 200k surely won’t go to public?

A. Op is batting an eye and b. Private in nyc is $65-70 per kid per year so for 2 kids that’s $220k pre tax dollars each year (so a Ferrari each year) you are giving away. We live in nyc and have $1m hhi and are pulling kids out of private and moving to the burbs now we no longer have to go into office bc it is a rare rich person for whom $220k a year is not a consideration

Private school is obviously for poor people, people without wealth or never made their own money. I concluded from this post.

I’m not sure what to tell you - school districts like Scarsdale are packed full of wealthy families that prefer public for many reasons.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:[youtube]

Anonymous wrote:I get paid 260k here salary.

Similar job but different company offering me 460k salary but I would have to move to nyc

Bonuses are 100k-200k. 100k here. 200k possibly nyc but bonuses are never guaranteed.

Should I consider moving there? Middle and high school age kids here.

I would move. No hesitation. You have an opportunity to almost double your pay and you aren’t going for it? Your current pay is low.
I bet that this job also offers more opportunities to grow. In a few years, you may be at 600k, 700k.
Your kids will hate you when they learn that you turned down an opportunity to get the family out of “poverty”. Ok, 260k is not poverty, but it’s not much here in the DMV.

Shaddup. It’s not poverty or even nearly poverty. So out of touch. I went to college in nyc, and think it could be fun to live there with teens/tweens, but we have a nice house in DC, and would be trading it for a tiny apartment, so I’d be disinclined to move. I grew up in the Hudson valley. I wouldn’t live there and commute. Probably westchester, and that’s worse/more snobby than DC. I’d consider NJ, but how is that better? Never ever Long Island.

Are you OP? I'm not the PP, but I have a little insight that may help you. I've raised my DCs in Manhattan, but admittedly with much more money at my disposal. However, when my DCs were in 4th and 8th grades we did briefly and seriously consider moving to the suburbs. If my DCs were younger, I likely would have chosen that route . . . but I was worried about my older DC, who would be starting high school as the "new kid" in a school full of DCs who already had long-established relationships. Mind you that she would be a "new kid" in NYC because she was attending a K-8, but she would be among a large cohort of DCs in similar circumstances.

A chat with a realtor mom at an open house in Summit is what ultimately sealed my decision to stay in the city. She was extremely nice, but it was clear to me that the social hierarchy among families in the community was already set in stone, and it would be hard for us to break in with older children even though we had friends in town. We had a great and supportive community in the city, and we ultimately decided it was not worth trading for a yard and bigger closets.

I don't regret my decision nearly a decade later. I realize that you have bigger stakes in your decision, but if you're having doubts do not discount how difficult it may be for your family to break into social circles that have been well-established and tend to be insular.

But you are super rich. Trust me public School was pretty damm rough in the 1970s. My parents left NYC in 1974 and never looked back. Long Island was Heaven.

But if I was from DC towns like Westfield NY or even Ho Ho Kus is easier if going back to DC a lot by car as miss whole Bronx and GWB nonsense.

I moved NYC to DMV for work and much more expensive here. Why well we no longer have starter homes close in with good school districts. They have all been torn down. My old town was full of 60x100 homes that were 1,500 to 1,800 sf in a town largely built before cars existed. My train station near my house was built 1880. So homes were built near train to NYC. There was no cars. Also my kids school was walking distance to my house and train. And with houses smaller prices smaller. I had an award winning school.

When I moved here to get a house in a good school district, not so far out my neighborhood is more expensive. All the small homes are gone. Or never built in first place. Most of DMV built up after we all had cars. My current house is now worth 2 million in DMV. That is crazy. My old house is worth arund 775K now. If I still owned it. At my old house for years I mowed my lawn myself, shoveled my own walk, did my own home repairs and had plenty of mom and pop places nearby that charged 1/2 what they charge here. We knew all the neighbors, beach up the block, town had a resident pool. None of that is here.

You need to be wealthy to have a beach house, join a pool club, live in a good school district close in near metro. And dont get me started on home repairs. It is triple here.

And Before that I had a rent stabalized apt in Gramarcy park when single. Work paid for metro card, owned no car and my bagel truck on my block I got a bagel and small cup of coffee for one dollar. Where does that exist here? Call me Monther 15 bucks for an egg sanwhich with coffee, I was paying 5 bucks for that in Manahattan off the cart.

I'm not suggesting OP choose to live in the city, and I agree with you that---from a budget and lifestyle perspective---she will likely be sacrificing more than she'll be gaining with the move. She will be able to find a nice community in the NYC suburbs that will avoid that tradeoff, but it is likely going to be hard for her and her family from a social standpoint given the age of her children. That would be difficult in the city, as well, although it's more transient here and arguably less difficult to break in as a new family.

There is almost ZERO community in DC. In NYC suburbs a lot of towns self segregate. Always been that way. If one picked the town that matches demographic you will make more friends in a week than a life time in the DMV.

If you are picking your DC location based on matching demographics then that is your problem. Plenty of community where I live in DC.

[Anonymous]

Anonymous wrote:I get paid 260k here salary.

Similar job but different company offering me 460k salary but I would have to move to nyc

Bonuses are 100k-200k. 100k here. 200k possibly nyc but bonuses are never guaranteed.

Should I consider moving there? Middle and high school age kids here.

No but I do not prefer to live in that environment (Dense city). That's just a lifestyle preference.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I get paid 260k here salary.

Similar job but different company offering me 460k salary but I would have to move to nyc

Bonuses are 100k-200k. 100k here. 200k possibly nyc but bonuses are never guaranteed.

Should I consider moving there? Middle and high school age kids here.

Your increased base salary will result in about $7,680 more in net (after tax) income per month.

Is $7,700 a month pay increase worth all the hassles of change for you and your family ?

And I did not even consider the higher cost of living such as increased property taxes and increased tuition for private school as well as for daily living (groceries, utilities, transportation,etc.).

They don't have public school in New York or it's suburbs?

I mean, people who won’t bat an eye at 200k surely won’t go to public?

A. Op is batting an eye and b. Private in nyc is $65-70 per kid per year so for 2 kids that’s $220k pre tax dollars each year (so a Ferrari each year) you are giving away. We live in nyc and have $1m hhi and are pulling kids out of private and moving to the burbs now we no longer have to go into office bc it is a rare rich person for whom $220k a year is not a consideration

Private school is obviously for poor people, people without wealth or never made their own money. I concluded from this post.

I’m not sure what to tell you - school districts like Scarsdale are packed full of wealthy families that prefer public for many reasons.

+1

I grew up in one of these towns listed on this thread as desireable and have friends who send their kids to various Westchester public school districts. I didn’t know anyone growing up who went to private school in my town. And some people were incredibly rich- like billionaire, multimillionaire, grandpa was Trump’s attorney and they flew on his private jet, skiing in Vail every winter, etc. All went to public school, but my public high school was nicer than most private schools.