200k hhi in nyc

Anonymous
Hhi of 200k with a 1 yr old. Can we afford Brooklyn? Renting or buying ?

My brother lives on the uws with a hhi of over 900k and has his kid in private school. This woudont be my story obvi or what I’m looking for.

Public schools are fine but are they hard to get into ?

If people rent in nyc how do they even save for retirement ??
Anonymous
Yes, you can. Depending on where in Brooklyn and what your demands are. Take a look at Midwood or Kensington, would that work for you?
Anonymous
You can definitely afford to rent in Brooklyn on that salary. Check out Bay Ridge as well.
Anonymous
Dyker heights is a beautiful neighborhood.
Anonymous
We have a HHI of $225k and are fine. We live in Brooklyn. Given the changes with public schools, I'd advise you to rent at first in a good school district (District 15 in Brooklyn, District 2 in Manhattan, etc.) and then after you kid is in a public Elementary that you like, look to buy where you can afford and commute to the school/work. Your kid can apply to Middle Schools in the same district they go to Elementary School so once they are in ES, you are likely set for MS and you are free to move. All public High School are unzoned (in essence open to students in the entire city) so no priority for living in that school zone (someone will correct me if I'm wrong but this is my understanding of the current policy).
Anonymous
Anonymous wrote:All public High School are unzoned (in essence open to students in the entire city) so no priority for living in that school zone (someone will correct me if I'm wrong but this is my understanding of the current policy).



Public high-schools are zoned and when you apply to high-schools you choose a program to enter into, kids with that district get the first spots then if there are any seats left they open it to kids from other areas. My oldest dd had to apply to get into the high-school she wanted since we didn't live within district at the time. 10 years later our youngest was accepted automatically since we moved closer and now lived a few blocks away.
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