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Metropolitan New York City
Reply to "NYC for second career/semi-retirement?"
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[quote=Anonymous][quote=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.)[/quote] I suggest living there first while renting and seeing if this is what you really love. Spending childhood years there is very different especially since you are not a young person. You can find many furnished sublets for below market price and no strings attached, and can be less than a year commitment. The idea sounds amazing to me because I love NYC and spent most time there than anywhere else (I moved a lot). But it's incredibly expensive to live there and you must be loaded to afford anything decent. Also despite the fact that I would do this in a heartbeat, I would not want to only have one place (apartment in NYC). You will want to get out of the town and somewhere different than apartment living after a while if you are used to living in a house. You have to allocate funds to having a second home in that case which means many millions in NW to be comfortable. Also car ownership will be $$$ because parking fees are crazy and street parking requires skill to navigate.[/quote]
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