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Metropolitan New York City
Reply to "Struggling with decision to leave NYC"
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[quote=Anonymous][quote=Anonymous]How could you possible be struggling with this decision? Your kids are in an expensive private school in Manhattan but you can’t afford to buy an apartment with a legit dining room? It sounds like you aren’t wealthy enough to be living in Manhattan with kids in private. You likely should have left years ago. You don’t have to live the terrible lifestyle you’re living. The good thing about covid is it has helped many people make a change. [/quote] This is OP... our current apartment doesn’t have a dining room as we turned it into a 3rd bedroom so our kids can have separate spaces. Our living room is big-ish so we put a 4 person table there but the rest is filled with toys and a play area for the kids. Our current apt is around $2M but the apartments we want which have 3 bedrooms plus and office plus a formal dining room and more general living space are going for around $3.5M. That is too much for us to swing with the 2 private school tuitions. Unfortunately there isn’t anything less that $3 million on the market right now that seems like a big step up. For an extra 750k to 1 million you basically get a dining room... which just doesn’t seem like a great use of funds. I am only throwing out these numbers to give you a sense of the market.[/quote]
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