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. |
Funny to hear a striver brag about pissing their money away. |
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. |
Funny just to read striver posts. |
I cannot think of anything more gauche, new money and striving than bragging about how rich you are. |
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. |
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. |
Not that, it’s the buffoon who would teach his children to be embarrassed if they lived in Astoria. |
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. |
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. |
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). |