Whoa, my 6.5% rate on my nice 10 year old house is only 5200, you must live in a 3.5mm+ house? |
Sure, people can end up tolerating their suburb. But anyone who moves to NYC to live in NYC and then ends up moving to a NYC suburb (still very expensive and you have to commute, but the school thing is easier) does it for one of two reasons- they don’t have the $ to live how they want to live in NYC and/or they are worried their kids won’t make the cut at one of the top NYC publics. |
They’re not magnet schools but ok |
What’s your housing allowance? Housing will be the biggest issue, but if you are selling something with a lot of equity, it could work. NYC is a pretty magical place to grow up. Also consider sports. If your dc are into sports, it might be easier to live in Brooklyn over Manhattan, as example. The school thing is intense, but workable and there is nothing like NYC. Do not do suburbs. That’s like the worst of both worlds |
If OP moves now with a 9th grader, it's too late for a selective public or top private in NYC. So schooling wise, a suburb is probably their best bet. |
Ha. Such a typical NY comment. No, not everyone wants to live in NY. I’ve lived in Manhattan and do not have any interest in apartment living. I love a large house and yard, quiet neighborhood and no to little crime. |
Family of 5 you mean |
Even if OP got the three kids in privates, it would be at least $150k in after tax money to educate them. Normal, educated people don’t choose that route unless they are extremely wealthy and/or have a job that necessitates living in Manhattan. The people I know sending their kids to NYC privates are Wall St bankers the like. At least $2 million a year minimum in HHI. |
Actually, a lot of kids at these schools have parents who don't have super high paying jobs, but are still full-pay students. What they have going for them (and what also makes it possible for them to live in a very nice area in Manhattan) is they are one-and-done families. |
80% of our senior leadership commute from DC, Boston and Philly, they also share apartments for staggered 2-3 days of the week. Something OP can do for 6 month to figure things out. |
In DC, you need to be a doctor, lawyer, or executive to make good income. That’s not the case in NYC, sure, bankers are rainmakers, but a lot of people make money from alternative careers: owning small IT consulting firm, trade luxury fabrics from turkey, consult in fashion / restaurant/ design, successful podcasters, celebrity trainers who charges $200/class with connections across the art community. You can’t move the DC rules to NYC. |
Or safety. Friend big time lawyer NYC. Owned in Brooklyn, loved it, bought a home in suburbs during pandemic and now sold place in Brooklyn because their area which they said (I have no idea as I dont know the area) was very popular and kid friendly is not very safe anymore and has had many instances. When they went back the local playground kids don't play on anymore according to them. So that was why they moved. They owned, kids went to private, but they seem very happy in the suburbs, have lots of friends and are happy their kids can move around freely. |
| Great Falls is also a beautiful suburb in VA, the commute to DC isnt super easy but I guarantee you people who choose to live there are not bc they can’t afford DC. |
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Could you move their temporarily and come back to something more senior? Could you go back and forth?
How many days in office? Could you rent a small place or would your company cover a corporate rental and you stay in NYC and commute to DC? What do your kids say? Someone I (vaguely) know was able to get corporate housing as part of their package and they go in idk how many days sleep over and then go home. When they are in the office they do work long hours, but it is so they work less when they are WFH. They sound miserable, but they are making a ton more $, are C-level (which they wanted but couldn't get into at their former company) and know that in a year-18 months they can hopefully move to C-level somewhere that isn't such a long commute. They had applied all over and this was all that stuck. So, have you applied for similar roles in DC? Could you get a similar role / pay? Have you used your network to see what is available? |
Thats just not accurate. There are tons of good schools in NYC, both public and private and there are definitely paths to entry even at 9th grade. You’re also assuming dcs kid would want or be capable of getting into a ‘top’ school (most people don’t, and honestly I wouldn’t want my kid to end up at an SHS like Stuy coming from a suburban school - I think the intensity would be a huge shock). But there are many many good options at various levels, schools that are great with good ex missions. The parents league can help op find open spots during off years if she wants to go private for the oldest dc. Off the top of my head, I know UNIS often has open spots because diplomat kids tend to move often. Moving to NYC only to live in the suburbs is sort of a waste. |