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Reply to "When your friends live large and you feel like a loser . . ."
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[quote=Anonymous][quote=Anonymous]So would any of you return to life in NYC on a budget?[b] Assuming no kids -- you'd be making 200k-300k, [/b]which means you'd be living in a studio or one bedroom (no private school issues yet), saving what you could, but having fun? If would wouldn't do it now bc of kids/school/need space -- would you ever have done it in your childfree days? As in -- you started a career in NYC; moved out to DC or wherever for a few yrs and saved some money; and then went back/considered going back to NYC? Obviously I'm not asking about the people who could do this while commanding a $1+ salary bc they're in a whole different boat.[/quote] No, I already did this. We made a little more. It wasn't enough income to do all we wanted to do (vacations, dining out, entertainment) while also saving and fully funding retirement. I don't want to live in a tiny 4K a month rental apartment or pay $500 to garage my car, which I was doing. I would move back to NY if we could buy a $2mm apartment in cash. With kids I'd need to afford private school and would also want to able able to afford a summer rental. [/quote]
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