Reply to Tell Me About Living in NYC (or Suburb) on 500k/yr

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, I grew up in the area, worked in NYC for 20 years.
Each state and area has plusses and minuses.  NY State charges a 1% fee on your mortgage: thus if you borrow $500K, you give the state $5K.  Yet, all things being equal, NY State income taxes are lower: so many corps there, especially in NYC. The NY/CT coast is just that: the coast.  It is pretty. It ain't pretty cheap.  [b]Westport is a tough commute, and only gets you to mid-town[/b]. Greenwich, Rye are shorter, easier. NJ: you need to go county by county on taxes.  We left a long time ago, and our taxes were $19,000 when we left, on a $440K house! Essex County the highest; Bergen pretty high, same w Union. Yet high taxes doesn't equal great schools.  The towns w great schools you will know, simply cause the housing is at a premium cost.  NJ has no pers property tax. All utilities are more.  The trains are very expensive now; think easy $300 to $400 per month, PLUS, you need to probably pay around $10 or close to it for parking daily. I am not an LI fan, but, LI-ers love it:  all about access to the beaches. 
IMO, for a better career track, MOVE.  Anyone whom tells you that you will struggle on $500K is nuts, so untrue. [/quote]

No, Westport gets you to NYC Grand Central station on Metro North[/quote]

Grand central = midtown [/quote]

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