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Real Estate
Reply to "Tell Me About Living in NYC (or Suburb) on 500k/yr"
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[quote=Anonymous]I would purchase a $2mm coop in Manhattan but of course you won't get approved unless you have a lot in savings. You'll need to put around 750k down at a minimum. I'd absolutely choose Manhattan so I could walk everywhere, only have one car (for getting out of the city) and so my husband could have an easier commute. I wouldn't choose the burbs unless I desired a single family house and land. Also I wouldn't rush into buying a place outside of the city unless I had already spent a lot of time exploring the area. There are differences between nj and ct burbs. Differences in the commutes, schools, etc. it's a huge area and overwhelming. I wouldn't jump to pick a town and get locked down. [/quote]
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