NYC law partner w/ kids: "$850K gross is not enough to live on"

Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:My friend who makes $230K as a lawyer in NYC and sends her DC to private with financial aid, sleeps on the sofa in their UES 1BR apartment. Does not have her own bedroom.


This lady makes 600k more. There is a crazy (maybe only semi crazy) poster saying that she can only afford to live in a shoebox in a decent neighborhood at 850k. Not from NY, but this sounds bananas.


My firm once asked me, more than 20 years ago, to move to NY as that is where my clients are. I was a new partner and at the time in DC made 500k. I said I would do it for 1.2 million. They said no and I said no.Today that 1.2 million is probably 2.0 or so which is what I think it takes. Older now but if they asked me today I would say sure for 4 million.


4mm a year is the right number to have three kids in private, a nice 4br, weekend escapes, weekly restaurant dinners, and savings. 850k isn’t enough.


GTFO, this is mind blowing.

What is the approx HHI necessary for a couple with one kid living in a nice two bedroom apartment in Manhattan and going to public schools?


500-600k. Operative word is “nice two bedroom.” That will be a monthly maintenance (HOA) of 3k+ after tax, it can easily go over 6k with pre wars


250k extra income needed to upgrade from rat infested apartment ha


250k gets you a very nice studio or an okay 1BR in a decent part of Manhattan. It gets you a $hit 2BR south of 96th st. You want 500-600k HHI.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This thread is so stupid. I make $150,000 a year and I feel very rich (though with no kids). That doesn’t mean I have no limitations on my spending, and someone who makes $850,000 a year we also have limitations on their spending.

I’m Republican but threads like this pull me somewhat more leftward. Above a relatively moderate income/net worth, money just becomes, at best, about these trivialities or, worse, about greed and status-chasing.


Did you read the lady’s post? You cannot provide a strong education and a room for every kid in a safe part of NYC on 850k. She’s not asking for a private jet and house on Jupiter Island, more just the bare minimum.


That’s not rue about not being able to find a safe neighborhood. The majority of neighborhoods are safe in NYC. Just don’t move into the projects.

Not everyone can afford a separate room for each kid. If she can’t it’s not a big deal.

The education part is trickier but research will help.

One example is Astoria Queens. She can buy a nice home in Astoria on her salary and easily afford a 3-4 bedrooms. It’s safe. I have a feeling she’s not really feeling the diversity over there.

It’s all about what she thinks she’s entitled to.


I think highly intelligent people working long hours in boring work and getting paid 850k to do so are entitled to more than Astoria Queens. It’s a dumpy place with ugly houses.


It’s a huge assumption to call someone who is anonymous on a board “highly intelligent”.

You get what your income allows you to get. It’s doubtful you know much about Astoria but there are some areas that are really nice. Astoria Park area on the edge of the East River with a huge park and walkways around the river, public tennis, playgrounds, largest pool in The city. The area would meet her income level with $2 million dollar houses. The new skyscrapers are about $1 million.

Who do you think is living there anyway? Half of Manhattan has become really foul, even some of the expensive neighborhoods. Mayor Adams has been an unqualified disaster for over three years. No one can rely on what they knew from ten years ago.


It’s Queens. It may have new builds and not a complete war zone but it’s queens. I would never let my kids tell their friends they are from such a foul place. The view from East End Avenue isn’t all it’s chalked about to be because blight across the river.


People like you, wanna be something you’re not, will never be happy. It’s a sad statement to teach your children to be ashamed of where they grow up. What a way to live.


I don’t “wanna be” (proper English, please) something I’m not. I live the life in NYC that the Reddit lady aspires to. My children are proud to be from where they are growing up. Hint, it’s not Queens and their friends don’t live or go there (except for the U.S. Open or on the way to the East End).


Funny to hear a striver brag about pissing their money away.
Anonymous
Anonymous wrote:
Anonymous wrote:Clearly NYC is very expensive and 850k does not go as far there as elsewhere. It’s hard to sympathize with that poster and the statement about wanting a house “that’s truly worth coming home to” suggests they may be overlooking some decent options that could be reasonably nice homes for less than 2.2-2.4. That said, NYC is crazy expensive and I wonder why you wouldn’t just get the heck out and move to a different city if that’s the financial dilemma.


One cannot at this point. Very hard for a big firm partner to move to some other city. Any realtionships you have would be gone. Law is not so much about law as it is marketing. Could one go as far as she is and move to say Dallas? Sure but not at a Big firm and not at anywhere near 850k. You could have done it as a junior or mid level associate. So what we are saying to her if we tell her to move is to find a completely different job that will pay a fraction of what you now get. Could still be the right move but almost no one would make it.


I’m the PP and is that really the case these days? I know biglaw partners that have moved to other offices of their firms. Sometimes they have dual billing on the website and go to the original office every so often. In this day and age with technology it seems irrelevant.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This thread is so stupid. I make $150,000 a year and I feel very rich (though with no kids). That doesn’t mean I have no limitations on my spending, and someone who makes $850,000 a year we also have limitations on their spending.

I’m Republican but threads like this pull me somewhat more leftward. Above a relatively moderate income/net worth, money just becomes, at best, about these trivialities or, worse, about greed and status-chasing.


Did you read the lady’s post? You cannot provide a strong education and a room for every kid in a safe part of NYC on 850k. She’s not asking for a private jet and house on Jupiter Island, more just the bare minimum.


That’s not rue about not being able to find a safe neighborhood. The majority of neighborhoods are safe in NYC. Just don’t move into the projects.

Not everyone can afford a separate room for each kid. If she can’t it’s not a big deal.

The education part is trickier but research will help.

One example is Astoria Queens. She can buy a nice home in Astoria on her salary and easily afford a 3-4 bedrooms. It’s safe. I have a feeling she’s not really feeling the diversity over there.

It’s all about what she thinks she’s entitled to.


I think highly intelligent people working long hours in boring work and getting paid 850k to do so are entitled to more than Astoria Queens. It’s a dumpy place with ugly houses.


It’s a huge assumption to call someone who is anonymous on a board “highly intelligent”.

You get what your income allows you to get. It’s doubtful you know much about Astoria but there are some areas that are really nice. Astoria Park area on the edge of the East River with a huge park and walkways around the river, public tennis, playgrounds, largest pool in The city. The area would meet her income level with $2 million dollar houses. The new skyscrapers are about $1 million.

Who do you think is living there anyway? Half of Manhattan has become really foul, even some of the expensive neighborhoods. Mayor Adams has been an unqualified disaster for over three years. No one can rely on what they knew from ten years ago.


It’s Queens. It may have new builds and not a complete war zone but it’s queens. I would never let my kids tell their friends they are from such a foul place. The view from East End Avenue isn’t all it’s chalked about to be because blight across the river.


People like you, wanna be something you’re not, will never be happy. It’s a sad statement to teach your children to be ashamed of where they grow up. What a way to live.


I don’t “wanna be” (proper English, please) something I’m not. I live the life in NYC that the Reddit lady aspires to. My children are proud to be from where they are growing up. Hint, it’s not Queens and their friends don’t live or go there (except for the U.S. Open or on the way to the East End).


Funny to hear a striver brag about pissing their money away.


Funny just to read striver posts.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This thread is so stupid. I make $150,000 a year and I feel very rich (though with no kids). That doesn’t mean I have no limitations on my spending, and someone who makes $850,000 a year we also have limitations on their spending.

I’m Republican but threads like this pull me somewhat more leftward. Above a relatively moderate income/net worth, money just becomes, at best, about these trivialities or, worse, about greed and status-chasing.


Did you read the lady’s post? You cannot provide a strong education and a room for every kid in a safe part of NYC on 850k. She’s not asking for a private jet and house on Jupiter Island, more just the bare minimum.


That’s not rue about not being able to find a safe neighborhood. The majority of neighborhoods are safe in NYC. Just don’t move into the projects.

Not everyone can afford a separate room for each kid. If she can’t it’s not a big deal.

The education part is trickier but research will help.

One example is Astoria Queens. She can buy a nice home in Astoria on her salary and easily afford a 3-4 bedrooms. It’s safe. I have a feeling she’s not really feeling the diversity over there.

It’s all about what she thinks she’s entitled to.


I think highly intelligent people working long hours in boring work and getting paid 850k to do so are entitled to more than Astoria Queens. It’s a dumpy place with ugly houses.


It’s a huge assumption to call someone who is anonymous on a board “highly intelligent”.

You get what your income allows you to get. It’s doubtful you know much about Astoria but there are some areas that are really nice. Astoria Park area on the edge of the East River with a huge park and walkways around the river, public tennis, playgrounds, largest pool in The city. The area would meet her income level with $2 million dollar houses. The new skyscrapers are about $1 million.

Who do you think is living there anyway? Half of Manhattan has become really foul, even some of the expensive neighborhoods. Mayor Adams has been an unqualified disaster for over three years. No one can rely on what they knew from ten years ago.


It’s Queens. It may have new builds and not a complete war zone but it’s queens. I would never let my kids tell their friends they are from such a foul place. The view from East End Avenue isn’t all it’s chalked about to be because blight across the river.


People like you, wanna be something you’re not, will never be happy. It’s a sad statement to teach your children to be ashamed of where they grow up. What a way to live.


I don’t “wanna be” (proper English, please) something I’m not. I live the life in NYC that the Reddit lady aspires to. My children are proud to be from where they are growing up. Hint, it’s not Queens and their friends don’t live or go there (except for the U.S. Open or on the way to the East End).


Funny to hear a striver brag about pissing their money away.


I cannot think of anything more gauche, new money and striving than bragging about how rich you are.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This thread is so stupid. I make $150,000 a year and I feel very rich (though with no kids). That doesn’t mean I have no limitations on my spending, and someone who makes $850,000 a year we also have limitations on their spending.

I’m Republican but threads like this pull me somewhat more leftward. Above a relatively moderate income/net worth, money just becomes, at best, about these trivialities or, worse, about greed and status-chasing.


Did you read the lady’s post? You cannot provide a strong education and a room for every kid in a safe part of NYC on 850k. She’s not asking for a private jet and house on Jupiter Island, more just the bare minimum.


That’s not rue about not being able to find a safe neighborhood. The majority of neighborhoods are safe in NYC. Just don’t move into the projects.

Not everyone can afford a separate room for each kid. If she can’t it’s not a big deal.

The education part is trickier but research will help.

One example is Astoria Queens. She can buy a nice home in Astoria on her salary and easily afford a 3-4 bedrooms. It’s safe. I have a feeling she’s not really feeling the diversity over there.

It’s all about what she thinks she’s entitled to.


I think highly intelligent people working long hours in boring work and getting paid 850k to do so are entitled to more than Astoria Queens. It’s a dumpy place with ugly houses.


It’s a huge assumption to call someone who is anonymous on a board “highly intelligent”.

You get what your income allows you to get. It’s doubtful you know much about Astoria but there are some areas that are really nice. Astoria Park area on the edge of the East River with a huge park and walkways around the river, public tennis, playgrounds, largest pool in The city. The area would meet her income level with $2 million dollar houses. The new skyscrapers are about $1 million.

Who do you think is living there anyway? Half of Manhattan has become really foul, even some of the expensive neighborhoods. Mayor Adams has been an unqualified disaster for over three years. No one can rely on what they knew from ten years ago.


It’s Queens. It may have new builds and not a complete war zone but it’s queens. I would never let my kids tell their friends they are from such a foul place. The view from East End Avenue isn’t all it’s chalked about to be because blight across the river.


People like you, wanna be something you’re not, will never be happy. It’s a sad statement to teach your children to be ashamed of where they grow up. What a way to live.


I don’t “wanna be” (proper English, please) something I’m not. I live the life in NYC that the Reddit lady aspires to. My children are proud to be from where they are growing up. Hint, it’s not Queens and their friends don’t live or go there (except for the U.S. Open or on the way to the East End).


Funny to hear a striver brag about pissing their money away.


Pro tip: prewar co-ops with standards require you to be worth many multiples of the purchase price and often allow only 20% financing, sometimes none. When you play at that level in NYC the apartment and tuition aren’t concerns.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This thread is so stupid. I make $150,000 a year and I feel very rich (though with no kids). That doesn’t mean I have no limitations on my spending, and someone who makes $850,000 a year we also have limitations on their spending.

I’m Republican but threads like this pull me somewhat more leftward. Above a relatively moderate income/net worth, money just becomes, at best, about these trivialities or, worse, about greed and status-chasing.


Did you read the lady’s post? You cannot provide a strong education and a room for every kid in a safe part of NYC on 850k. She’s not asking for a private jet and house on Jupiter Island, more just the bare minimum.


That’s not rue about not being able to find a safe neighborhood. The majority of neighborhoods are safe in NYC. Just don’t move into the projects.

Not everyone can afford a separate room for each kid. If she can’t it’s not a big deal.

The education part is trickier but research will help.

One example is Astoria Queens. She can buy a nice home in Astoria on her salary and easily afford a 3-4 bedrooms. It’s safe. I have a feeling she’s not really feeling the diversity over there.

It’s all about what she thinks she’s entitled to.


I think highly intelligent people working long hours in boring work and getting paid 850k to do so are entitled to more than Astoria Queens. It’s a dumpy place with ugly houses.


It’s a huge assumption to call someone who is anonymous on a board “highly intelligent”.

You get what your income allows you to get. It’s doubtful you know much about Astoria but there are some areas that are really nice. Astoria Park area on the edge of the East River with a huge park and walkways around the river, public tennis, playgrounds, largest pool in The city. The area would meet her income level with $2 million dollar houses. The new skyscrapers are about $1 million.

Who do you think is living there anyway? Half of Manhattan has become really foul, even some of the expensive neighborhoods. Mayor Adams has been an unqualified disaster for over three years. No one can rely on what they knew from ten years ago.


It’s Queens. It may have new builds and not a complete war zone but it’s queens. I would never let my kids tell their friends they are from such a foul place. The view from East End Avenue isn’t all it’s chalked about to be because blight across the river.


People like you, wanna be something you’re not, will never be happy. It’s a sad statement to teach your children to be ashamed of where they grow up. What a way to live.


I don’t “wanna be” (proper English, please) something I’m not. I live the life in NYC that the Reddit lady aspires to. My children are proud to be from where they are growing up. Hint, it’s not Queens and their friends don’t live or go there (except for the U.S. Open or on the way to the East End).


Funny to hear a striver brag about pissing their money away.


I cannot think of anything more gauche, new money and striving than bragging about how rich you are.


No one is bragging. All they are saying is 850k a year isn’t rich in NYC.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This thread is so stupid. I make $150,000 a year and I feel very rich (though with no kids). That doesn’t mean I have no limitations on my spending, and someone who makes $850,000 a year we also have limitations on their spending.

I’m Republican but threads like this pull me somewhat more leftward. Above a relatively moderate income/net worth, money just becomes, at best, about these trivialities or, worse, about greed and status-chasing.


Did you read the lady’s post? You cannot provide a strong education and a room for every kid in a safe part of NYC on 850k. She’s not asking for a private jet and house on Jupiter Island, more just the bare minimum.


That’s not rue about not being able to find a safe neighborhood. The majority of neighborhoods are safe in NYC. Just don’t move into the projects.

Not everyone can afford a separate room for each kid. If she can’t it’s not a big deal.

The education part is trickier but research will help.

One example is Astoria Queens. She can buy a nice home in Astoria on her salary and easily afford a 3-4 bedrooms. It’s safe. I have a feeling she’s not really feeling the diversity over there.

It’s all about what she thinks she’s entitled to.


I think highly intelligent people working long hours in boring work and getting paid 850k to do so are entitled to more than Astoria Queens. It’s a dumpy place with ugly houses.


It’s a huge assumption to call someone who is anonymous on a board “highly intelligent”.

You get what your income allows you to get. It’s doubtful you know much about Astoria but there are some areas that are really nice. Astoria Park area on the edge of the East River with a huge park and walkways around the river, public tennis, playgrounds, largest pool in The city. The area would meet her income level with $2 million dollar houses. The new skyscrapers are about $1 million.

Who do you think is living there anyway? Half of Manhattan has become really foul, even some of the expensive neighborhoods. Mayor Adams has been an unqualified disaster for over three years. No one can rely on what they knew from ten years ago.


It’s Queens. It may have new builds and not a complete war zone but it’s queens. I would never let my kids tell their friends they are from such a foul place. The view from East End Avenue isn’t all it’s chalked about to be because blight across the river.


People like you, wanna be something you’re not, will never be happy. It’s a sad statement to teach your children to be ashamed of where they grow up. What a way to live.


I don’t “wanna be” (proper English, please) something I’m not. I live the life in NYC that the Reddit lady aspires to. My children are proud to be from where they are growing up. Hint, it’s not Queens and their friends don’t live or go there (except for the U.S. Open or on the way to the East End).


Funny to hear a striver brag about pissing their money away.


I cannot think of anything more gauche, new money and striving than bragging about how rich you are.


No one is bragging. All they are saying is 850k a year isn’t rich in NYC.


It's a damn good lifestyle, many would argue UMC.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This thread is so stupid. I make $150,000 a year and I feel very rich (though with no kids). That doesn’t mean I have no limitations on my spending, and someone who makes $850,000 a year we also have limitations on their spending.

I’m Republican but threads like this pull me somewhat more leftward. Above a relatively moderate income/net worth, money just becomes, at best, about these trivialities or, worse, about greed and status-chasing.


Did you read the lady’s post? You cannot provide a strong education and a room for every kid in a safe part of NYC on 850k. She’s not asking for a private jet and house on Jupiter Island, more just the bare minimum.


That’s not rue about not being able to find a safe neighborhood. The majority of neighborhoods are safe in NYC. Just don’t move into the projects.

Not everyone can afford a separate room for each kid. If she can’t it’s not a big deal.

The education part is trickier but research will help.

One example is Astoria Queens. She can buy a nice home in Astoria on her salary and easily afford a 3-4 bedrooms. It’s safe. I have a feeling she’s not really feeling the diversity over there.

It’s all about what she thinks she’s entitled to.


I think highly intelligent people working long hours in boring work and getting paid 850k to do so are entitled to more than Astoria Queens. It’s a dumpy place with ugly houses.


It’s a huge assumption to call someone who is anonymous on a board “highly intelligent”.

You get what your income allows you to get. It’s doubtful you know much about Astoria but there are some areas that are really nice. Astoria Park area on the edge of the East River with a huge park and walkways around the river, public tennis, playgrounds, largest pool in The city. The area would meet her income level with $2 million dollar houses. The new skyscrapers are about $1 million.

Who do you think is living there anyway? Half of Manhattan has become really foul, even some of the expensive neighborhoods. Mayor Adams has been an unqualified disaster for over three years. No one can rely on what they knew from ten years ago.


It’s Queens. It may have new builds and not a complete war zone but it’s queens. I would never let my kids tell their friends they are from such a foul place. The view from East End Avenue isn’t all it’s chalked about to be because blight across the river.


People like you, wanna be something you’re not, will never be happy. It’s a sad statement to teach your children to be ashamed of where they grow up. What a way to live.


I don’t “wanna be” (proper English, please) something I’m not. I live the life in NYC that the Reddit lady aspires to. My children are proud to be from where they are growing up. Hint, it’s not Queens and their friends don’t live or go there (except for the U.S. Open or on the way to the East End).


Funny to hear a striver brag about pissing their money away.


I cannot think of anything more gauche, new money and striving than bragging about how rich you are.


No one is bragging. All they are saying is 850k a year isn’t rich in NYC.


Not that, it’s the buffoon who would teach his children to be embarrassed if they lived in Astoria.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This thread is so stupid. I make $150,000 a year and I feel very rich (though with no kids). That doesn’t mean I have no limitations on my spending, and someone who makes $850,000 a year we also have limitations on their spending.

I’m Republican but threads like this pull me somewhat more leftward. Above a relatively moderate income/net worth, money just becomes, at best, about these trivialities or, worse, about greed and status-chasing.


Did you read the lady’s post? You cannot provide a strong education and a room for every kid in a safe part of NYC on 850k. She’s not asking for a private jet and house on Jupiter Island, more just the bare minimum.


That’s not rue about not being able to find a safe neighborhood. The majority of neighborhoods are safe in NYC. Just don’t move into the projects.

Not everyone can afford a separate room for each kid. If she can’t it’s not a big deal.

The education part is trickier but research will help.

One example is Astoria Queens. She can buy a nice home in Astoria on her salary and easily afford a 3-4 bedrooms. It’s safe. I have a feeling she’s not really feeling the diversity over there.

It’s all about what she thinks she’s entitled to.


I think highly intelligent people working long hours in boring work and getting paid 850k to do so are entitled to more than Astoria Queens. It’s a dumpy place with ugly houses.


It’s a huge assumption to call someone who is anonymous on a board “highly intelligent”.

You get what your income allows you to get. It’s doubtful you know much about Astoria but there are some areas that are really nice. Astoria Park area on the edge of the East River with a huge park and walkways around the river, public tennis, playgrounds, largest pool in The city. The area would meet her income level with $2 million dollar houses. The new skyscrapers are about $1 million.

Who do you think is living there anyway? Half of Manhattan has become really foul, even some of the expensive neighborhoods. Mayor Adams has been an unqualified disaster for over three years. No one can rely on what they knew from ten years ago.


It’s Queens. It may have new builds and not a complete war zone but it’s queens. I would never let my kids tell their friends they are from such a foul place. The view from East End Avenue isn’t all it’s chalked about to be because blight across the river.


People like you, wanna be something you’re not, will never be happy. It’s a sad statement to teach your children to be ashamed of where they grow up. What a way to live.


I don’t “wanna be” (proper English, please) something I’m not. I live the life in NYC that the Reddit lady aspires to. My children are proud to be from where they are growing up. Hint, it’s not Queens and their friends don’t live or go there (except for the U.S. Open or on the way to the East End).


Funny to hear a striver brag about pissing their money away.


Pro tip: prewar co-ops with standards require you to be worth many multiples of the purchase price and often allow only 20% financing, sometimes none. When you play at that level in NYC the apartment and tuition aren’t concerns.


I wouldn’t choose a co-op apartment no matter what my budget. Just like I would never choose to live in a neighborhood with an HOA. Too many people concerning themselves with your business.



Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This thread is so stupid. I make $150,000 a year and I feel very rich (though with no kids). That doesn’t mean I have no limitations on my spending, and someone who makes $850,000 a year we also have limitations on their spending.

I’m Republican but threads like this pull me somewhat more leftward. Above a relatively moderate income/net worth, money just becomes, at best, about these trivialities or, worse, about greed and status-chasing.


Did you read the lady’s post? You cannot provide a strong education and a room for every kid in a safe part of NYC on 850k. She’s not asking for a private jet and house on Jupiter Island, more just the bare minimum.


That’s not rue about not being able to find a safe neighborhood. The majority of neighborhoods are safe in NYC. Just don’t move into the projects.

Not everyone can afford a separate room for each kid. If she can’t it’s not a big deal.

The education part is trickier but research will help.

One example is Astoria Queens. She can buy a nice home in Astoria on her salary and easily afford a 3-4 bedrooms. It’s safe. I have a feeling she’s not really feeling the diversity over there.

It’s all about what she thinks she’s entitled to.


I think highly intelligent people working long hours in boring work and getting paid 850k to do so are entitled to more than Astoria Queens. It’s a dumpy place with ugly houses.


It’s a huge assumption to call someone who is anonymous on a board “highly intelligent”.

You get what your income allows you to get. It’s doubtful you know much about Astoria but there are some areas that are really nice. Astoria Park area on the edge of the East River with a huge park and walkways around the river, public tennis, playgrounds, largest pool in The city. The area would meet her income level with $2 million dollar houses. The new skyscrapers are about $1 million.

Who do you think is living there anyway? Half of Manhattan has become really foul, even some of the expensive neighborhoods. Mayor Adams has been an unqualified disaster for over three years. No one can rely on what they knew from ten years ago.


It’s Queens. It may have new builds and not a complete war zone but it’s queens. I would never let my kids tell their friends they are from such a foul place. The view from East End Avenue isn’t all it’s chalked about to be because blight across the river.


People like you, wanna be something you’re not, will never be happy. It’s a sad statement to teach your children to be ashamed of where they grow up. What a way to live.


I don’t “wanna be” (proper English, please) something I’m not. I live the life in NYC that the Reddit lady aspires to. My children are proud to be from where they are growing up. Hint, it’s not Queens and their friends don’t live or go there (except for the U.S. Open or on the way to the East End).


Funny to hear a striver brag about pissing their money away.


Pro tip: prewar co-ops with standards require you to be worth many multiples of the purchase price and often allow only 20% financing, sometimes none. When you play at that level in NYC the apartment and tuition aren’t concerns.


I wouldn’t choose a co-op apartment no matter what my budget. Just like I would never choose to live in a neighborhood with an HOA. Too many people concerning themselves with your business.





That’s challenging since most apartments are coops and condos are typically more expensive.

The real issue for many UMC NYC families is how much cash you need to purchase a property. It’s not limited to 20%. You often need a net worth in multiples of the apartment price and need up to 75% down.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This thread is so stupid. I make $150,000 a year and I feel very rich (though with no kids). That doesn’t mean I have no limitations on my spending, and someone who makes $850,000 a year we also have limitations on their spending.

I’m Republican but threads like this pull me somewhat more leftward. Above a relatively moderate income/net worth, money just becomes, at best, about these trivialities or, worse, about greed and status-chasing.


Did you read the lady’s post? You cannot provide a strong education and a room for every kid in a safe part of NYC on 850k. She’s not asking for a private jet and house on Jupiter Island, more just the bare minimum.


That’s not rue about not being able to find a safe neighborhood. The majority of neighborhoods are safe in NYC. Just don’t move into the projects.

Not everyone can afford a separate room for each kid. If she can’t it’s not a big deal.

The education part is trickier but research will help.

One example is Astoria Queens. She can buy a nice home in Astoria on her salary and easily afford a 3-4 bedrooms. It’s safe. I have a feeling she’s not really feeling the diversity over there.

It’s all about what she thinks she’s entitled to.


I think highly intelligent people working long hours in boring work and getting paid 850k to do so are entitled to more than Astoria Queens. It’s a dumpy place with ugly houses.


It’s a huge assumption to call someone who is anonymous on a board “highly intelligent”.

You get what your income allows you to get. It’s doubtful you know much about Astoria but there are some areas that are really nice. Astoria Park area on the edge of the East River with a huge park and walkways around the river, public tennis, playgrounds, largest pool in The city. The area would meet her income level with $2 million dollar houses. The new skyscrapers are about $1 million.

Who do you think is living there anyway? Half of Manhattan has become really foul, even some of the expensive neighborhoods. Mayor Adams has been an unqualified disaster for over three years. No one can rely on what they knew from ten years ago.


It’s Queens. It may have new builds and not a complete war zone but it’s queens. I would never let my kids tell their friends they are from such a foul place. The view from East End Avenue isn’t all it’s chalked about to be because blight across the river.


People like you, wanna be something you’re not, will never be happy. It’s a sad statement to teach your children to be ashamed of where they grow up. What a way to live.


I don’t “wanna be” (proper English, please) something I’m not. I live the life in NYC that the Reddit lady aspires to. My children are proud to be from where they are growing up. Hint, it’s not Queens and their friends don’t live or go there (except for the U.S. Open or on the way to the East End).


Funny to hear a striver brag about pissing their money away.


Pro tip: prewar co-ops with standards require you to be worth many multiples of the purchase price and often allow only 20% financing, sometimes none. When you play at that level in NYC the apartment and tuition aren’t concerns.


I wouldn’t choose a co-op apartment no matter what my budget. Just like I would never choose to live in a neighborhood with an HOA. Too many people concerning themselves with your business.



Except when you share walls and a front door with people, getting some say in who your neighbors are is not necessarily a bad thing. I don't like HOAs but I would prefer a coop in NYC. My parents lived in a great one.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This thread is so stupid. I make $150,000 a year and I feel very rich (though with no kids). That doesn’t mean I have no limitations on my spending, and someone who makes $850,000 a year we also have limitations on their spending.

I’m Republican but threads like this pull me somewhat more leftward. Above a relatively moderate income/net worth, money just becomes, at best, about these trivialities or, worse, about greed and status-chasing.


Did you read the lady’s post? You cannot provide a strong education and a room for every kid in a safe part of NYC on 850k. She’s not asking for a private jet and house on Jupiter Island, more just the bare minimum.


That’s not rue about not being able to find a safe neighborhood. The majority of neighborhoods are safe in NYC. Just don’t move into the projects.

Not everyone can afford a separate room for each kid. If she can’t it’s not a big deal.

The education part is trickier but research will help.

One example is Astoria Queens. She can buy a nice home in Astoria on her salary and easily afford a 3-4 bedrooms. It’s safe. I have a feeling she’s not really feeling the diversity over there.

It’s all about what she thinks she’s entitled to.


I think highly intelligent people working long hours in boring work and getting paid 850k to do so are entitled to more than Astoria Queens. It’s a dumpy place with ugly houses.


It’s a huge assumption to call someone who is anonymous on a board “highly intelligent”.

You get what your income allows you to get. It’s doubtful you know much about Astoria but there are some areas that are really nice. Astoria Park area on the edge of the East River with a huge park and walkways around the river, public tennis, playgrounds, largest pool in The city. The area would meet her income level with $2 million dollar houses. The new skyscrapers are about $1 million.

Who do you think is living there anyway? Half of Manhattan has become really foul, even some of the expensive neighborhoods. Mayor Adams has been an unqualified disaster for over three years. No one can rely on what they knew from ten years ago.


It’s Queens. It may have new builds and not a complete war zone but it’s queens. I would never let my kids tell their friends they are from such a foul place. The view from East End Avenue isn’t all it’s chalked about to be because blight across the river.


People like you, wanna be something you’re not, will never be happy. It’s a sad statement to teach your children to be ashamed of where they grow up. What a way to live.


I don’t “wanna be” (proper English, please) something I’m not. I live the life in NYC that the Reddit lady aspires to. My children are proud to be from where they are growing up. Hint, it’s not Queens and their friends don’t live or go there (except for the U.S. Open or on the way to the East End).


Funny to hear a striver brag about pissing their money away.


Pro tip: prewar co-ops with standards require you to be worth many multiples of the purchase price and often allow only 20% financing, sometimes none. When you play at that level in NYC the apartment and tuition aren’t concerns.


I wouldn’t choose a co-op apartment no matter what my budget. Just like I would never choose to live in a neighborhood with an HOA. Too many people concerning themselves with your business.



Except when you share walls and a front door with people, getting some say in who your neighbors are is not necessarily a bad thing. I don't like HOAs but I would prefer a coop in NYC. My parents lived in a great one.


You really don’t want the type of people who live in Astoria to be your shared wall neighbors.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This thread is so stupid. I make $150,000 a year and I feel very rich (though with no kids). That doesn’t mean I have no limitations on my spending, and someone who makes $850,000 a year we also have limitations on their spending.

I’m Republican but threads like this pull me somewhat more leftward. Above a relatively moderate income/net worth, money just becomes, at best, about these trivialities or, worse, about greed and status-chasing.


Did you read the lady’s post? You cannot provide a strong education and a room for every kid in a safe part of NYC on 850k. She’s not asking for a private jet and house on Jupiter Island, more just the bare minimum.


That’s not rue about not being able to find a safe neighborhood. The majority of neighborhoods are safe in NYC. Just don’t move into the projects.

Not everyone can afford a separate room for each kid. If she can’t it’s not a big deal.

The education part is trickier but research will help.

One example is Astoria Queens. She can buy a nice home in Astoria on her salary and easily afford a 3-4 bedrooms. It’s safe. I have a feeling she’s not really feeling the diversity over there.

It’s all about what she thinks she’s entitled to.


I think highly intelligent people working long hours in boring work and getting paid 850k to do so are entitled to more than Astoria Queens. It’s a dumpy place with ugly houses.


It’s a huge assumption to call someone who is anonymous on a board “highly intelligent”.

You get what your income allows you to get. It’s doubtful you know much about Astoria but there are some areas that are really nice. Astoria Park area on the edge of the East River with a huge park and walkways around the river, public tennis, playgrounds, largest pool in The city. The area would meet her income level with $2 million dollar houses. The new skyscrapers are about $1 million.

Who do you think is living there anyway? Half of Manhattan has become really foul, even some of the expensive neighborhoods. Mayor Adams has been an unqualified disaster for over three years. No one can rely on what they knew from ten years ago.


It’s Queens. It may have new builds and not a complete war zone but it’s queens. I would never let my kids tell their friends they are from such a foul place. The view from East End Avenue isn’t all it’s chalked about to be because blight across the river.


People like you, wanna be something you’re not, will never be happy. It’s a sad statement to teach your children to be ashamed of where they grow up. What a way to live.


I don’t “wanna be” (proper English, please) something I’m not. I live the life in NYC that the Reddit lady aspires to. My children are proud to be from where they are growing up. Hint, it’s not Queens and their friends don’t live or go there (except for the U.S. Open or on the way to the East End).


Funny to hear a striver brag about pissing their money away.


Pro tip: prewar co-ops with standards require you to be worth many multiples of the purchase price and often allow only 20% financing, sometimes none. When you play at that level in NYC the apartment and tuition aren’t concerns.


I wouldn’t choose a co-op apartment no matter what my budget. Just like I would never choose to live in a neighborhood with an HOA. Too many people concerning themselves with your business.



Except when you share walls and a front door with people, getting some say in who your neighbors are is not necessarily a bad thing. I don't like HOAs but I would prefer a coop in NYC. My parents lived in a great one.


You can’t assume people in co-ops will make better neighbors. They might be a pain watching every move you make, getting involved when you have company late at night because there’s too much noise, complaining about everything.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This thread is so stupid. I make $150,000 a year and I feel very rich (though with no kids). That doesn’t mean I have no limitations on my spending, and someone who makes $850,000 a year we also have limitations on their spending.

I’m Republican but threads like this pull me somewhat more leftward. Above a relatively moderate income/net worth, money just becomes, at best, about these trivialities or, worse, about greed and status-chasing.


Did you read the lady’s post? You cannot provide a strong education and a room for every kid in a safe part of NYC on 850k. She’s not asking for a private jet and house on Jupiter Island, more just the bare minimum.


That’s not rue about not being able to find a safe neighborhood. The majority of neighborhoods are safe in NYC. Just don’t move into the projects.

Not everyone can afford a separate room for each kid. If she can’t it’s not a big deal.

The education part is trickier but research will help.

One example is Astoria Queens. She can buy a nice home in Astoria on her salary and easily afford a 3-4 bedrooms. It’s safe. I have a feeling she’s not really feeling the diversity over there.

It’s all about what she thinks she’s entitled to.


I think highly intelligent people working long hours in boring work and getting paid 850k to do so are entitled to more than Astoria Queens. It’s a dumpy place with ugly houses.


It’s a huge assumption to call someone who is anonymous on a board “highly intelligent”.

You get what your income allows you to get. It’s doubtful you know much about Astoria but there are some areas that are really nice. Astoria Park area on the edge of the East River with a huge park and walkways around the river, public tennis, playgrounds, largest pool in The city. The area would meet her income level with $2 million dollar houses. The new skyscrapers are about $1 million.

Who do you think is living there anyway? Half of Manhattan has become really foul, even some of the expensive neighborhoods. Mayor Adams has been an unqualified disaster for over three years. No one can rely on what they knew from ten years ago.


It’s Queens. It may have new builds and not a complete war zone but it’s queens. I would never let my kids tell their friends they are from such a foul place. The view from East End Avenue isn’t all it’s chalked about to be because blight across the river.


People like you, wanna be something you’re not, will never be happy. It’s a sad statement to teach your children to be ashamed of where they grow up. What a way to live.


I don’t “wanna be” (proper English, please) something I’m not. I live the life in NYC that the Reddit lady aspires to. My children are proud to be from where they are growing up. Hint, it’s not Queens and their friends don’t live or go there (except for the U.S. Open or on the way to the East End).


Funny to hear a striver brag about pissing their money away.


Pro tip: prewar co-ops with standards require you to be worth many multiples of the purchase price and often allow only 20% financing, sometimes none. When you play at that level in NYC the apartment and tuition aren’t concerns.


I wouldn’t choose a co-op apartment no matter what my budget. Just like I would never choose to live in a neighborhood with an HOA. Too many people concerning themselves with your business.



Except when you share walls and a front door with people, getting some say in who your neighbors are is not necessarily a bad thing. I don't like HOAs but I would prefer a coop in NYC. My parents lived in a great one.


You can’t assume people in co-ops will make better neighbors. They might be a pain watching every move you make, getting involved when you have company late at night because there’s too much noise, complaining about everything.


I’d rather have busybodies who want quiet as my neighbors than a member of the Congolese consulate throwing raves nightly with a weak condo board (co-ops are stricter).

post reply Forum Index » Money and Finances
Message Quick Reply
Go to: