Reply to NYC law partner w/ kids: "$850K gross is not enough to live on"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The three kids is what really blows my mind. I am in Chicago, and the professionals that wanna live in the city routinely stop at two kids.

I wonder if it’s a case that they are having the third to finally get a much wanted boy or girl.[/quote]

Well then she is a lawyer, apparently a good one, so you have to plan for that and make decisions.  Choosing to have a 3rd means housing gets much more expensive/it's really challenging to live in only a 2 bedroom anymore.

I always tell people considering a 3rd (after two boys or two girls) to be very certain the reason they are having a 3rd is because they actually want a 3rd, not because they want the other sex finally.  Because of the 10+ friends I know with 3 (where the first two are the same sex), only 1 got the opposite.

[/quote]

Oh, I completely agree. I just do not understand having a third kid in a major American city unless you’re willing to make concessions like living in the suburbs and/or going to public schools.

Only the truly wealthy get to have three or more kids in the city, have a nice five bedroom home, top-of-the-line private schools, etc. [/quote]

What is so special about a third child that  only billionaires can afford? Need another bedroom? Is a three bedroom apartment 10 times more expensive? What do you do if you get one boy and one girl in a two bedroom apartment?[/quote]

In NYC, you put both kids in the same room.  When one enters teens, you find a creative way to put a curtain/divider in the room and they change in the bathroom (often times there is only 1).

But yes, in a VHCOLA like NYC, adding a 3rd kid when you live in the city is a sign of wealth.  Because it also can mean 13+ years of $40-50K/year for schools as well as an extra bedroom.

[/quote]

Why not put the third kid in the same bedroom then?[/quote]

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