NYC for second career/semi-retirement?
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
|
Wasn’t sure which forum to post this in.
For various reasons committed to staying in a place I don’t love but can tolerate until our kids finish high school. As a trade off DH has agreed to follow my lead at that time. (Well be mid to late 50s). I’d love to buy a pied-a-terre in the Village. Is this nuts? Love to hear any feedback. (Before I get the inevitable: I have family in New York City and have spent time there - some extensive- since I was a baby. I know the city well for someone who’s never lived there.) |
Anonymous
| When your kids want to come "home" for the summers or holidays how will they fit in your apartment in NY? |
Anonymous
We’d get a two-bedroom and would have a couch (and air mattresses). |
Anonymous
| I love that for you if you can afford it! I am also considering this. in 5 years I will be 54 and my DS will be in college - my office has a NYC location I am seriously considering moving to. I also have friends/family there and lived there for 5 years. I don’t think it would be forever but maybe for a few years. |
Anonymous
| Only if you can afford a country house too |
Anonymous
|
DH is considering jobs in NYC. I have another year of grad school. I lived in NYC in my 20s. I loved every minute of it. But living in NYC and visiting are two entirely different experiences. It's a very tough place to live. Socially, I was very isolated a lot of the time. With no friends in NYC, I'd be very lonely. I have several old friends there, so I'd manage, but I have a social network here, which I'm reluctant to leave! I'll move if I have to and get a job in NYC. We don't have enough money to have two homes though. And I don't want to be squished into a Manhattan apartment I paid $1.5 million for when I could buy a decent house in the suburbs for that.
But the attractions of NYC are vast!! As long as you've got the money!! I'd buy a pied a terre in a heartbeat if we could afford it!! And I'd use it about once a month, so it would be cheaper to stay at the Plaza or the Carlyle! Go for it if you can, OP, but be realistic about the limitations of living in the city (no car, for starters). |
Anonymous
|
If this is a pied-a-terre then I assume you will have another place somewhere else? My parents retired to NYC and it was great - first they had a pied a terre and then they moved to a bigger place in the same building and made it their permanent home. My family loved visiting.
My parents lived in a coop building where buyers had to put more than 50% down, which naturally led to a lot of empty nesters living there and my parents made some nice friends. The building also had great doormen who were super helpful as my parents aged. Tax-wise I think you don't have to pay NYC income taxes if you live there for less than half the year - there are apps that help you keep track (the rules may have changed but this is definitely something to be aware of). I loved having my parents live somewhere where they did not have to drive and where there were tons of engaging cultural activities. |
Anonymous
oh I'd love to know more about this. DH and I talk about doing the same. |
Anonymous
Ugh, nobody wants to sleep on an air mattress or a couch. Say goodbye to your kids ever staying with you. |
Anonymous
Have fun never seeing your kids again. |
Anonymous
| Getting a pied a terre is so pretentious especially when housing is at a major shortage in NYC. |
Anonymous
Yes they may soon have partners too, and this setup would be a nonstarter |
Anonymous
You sure you want to be in NYC? |
Anonymous
You need a bedroom for each kid. |
Anonymous
|
I would live in NYC in a frigging heart-beat. I lived there as a teen with my parents and then spent huge amounts of time there in my 30s.
Even now in my 50's it would be my #1 choice Something about that city gets into your bones. |