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Real Estate
Reply to "Talk to me about Pied a Terres for the Middle Class Set (aka a studio condo in downtown)"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How often do you plan to use it? Unless you have lots of disposable income (in which case you aren't Middle Class) seems to me it would be more cost efficient to simply grab a hotel room on nights you want to stay downtown.[/quote] +1 here - we thought about having a pied a terre in NYC which we get to often, but in the end, the hassle of maintaining it, furnishing it, and not knowing where what is when seemed like a hassle. In the end, we thought we might only use it 3-4 times a month, in which case a hotel seemed like a better break even. Of course, if you're planning on using it more often, it may make sense. I'd think about where you would most often be on the nights/days you want to stay over and then look in the vicinity. There's not much sense in getting a place if you end up having to commute to it![/quote] We have one in NYC (inherited from my grandmother). Such a pain, the condo rules are insane in New York. We plan to sell as soon as possible. [/quote]
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