This is my annual real estate thread…could be about anywhere but…
I have my annual NYC questions because my kid still lives there and hasn’t bought a place.
A few posts in the elite college thread have got me thinking.
Sounds like NYC is just getting less and less affordable every year.
Are there safe, decent areas, commuting distance to Manhattan, in Brooklyn, that a 30 year old would like to live? That cost less than $1.5 million?
I would prefer cheaper than $1.5 million, but reading others posts, I have my doubts about cheaper.
If you were 30, single or married, which suburbs commuting distance to Manhattan would you consider?
My kid chose not to go to Columbia for grad school because of the cost of living… I would like her to move back to the West Coast to be closer to her family.
One of my kids lives in Phoenix. The cost of living is affordable. Lots to do. A growing and vibrant young people group. College right in Phoenix. Easy access to a good airport. A light rail system. Decently priced housing. Good restaurants. Been there 5 1/2 years.
Seattle has great neighborhoods – cheaper than NY, DC, or San Francisco. Lots of employers in the city, great outdoor activities, rainy but not cold & snowy. Transit could be better, but some neighborhoods have great walk scores and solid transit options.
@dstark - she is going to be abroad for another 6-7 months or so. So there is hope that she comes back! But… I just peeked at what the asking price on that 1 BR condo at the bottom of First Hill was… $325k!!! Eeeek.
It is about 1.5 miles. I make this trek almost every day.
If you followed my posts, the X is not happening. FWD design is not practical in our climate, but more specifically, Mr. does not want to project the image of [insert what you really think about folks in shiny, expensive new cars]. More importantly, kids have to buy their own real estate.
@BunsenBurner, That is very disappointing. I missed the post or posts about the X not happening.
I am not buying one either. I hope Tesla can survive without our purchases.
I also am not buying my son a place that costs $1.5 million. I am not sure if that is clear from my original post.
1 1/2 miles. That’s great.
My nephew lives in Seattle and he can walk to work. He works at Amazon. I have no idea how many buildings Amazon owns so I can’t remember exactly where he lives.
The city just started a new trolley service connecting the First/Capitol hills with SLU. Nice. I walk all over the city when it is not too windy. A good umbrella (made by the San Francisco umbrella company) and a windproof jacket are everything one needs for walking.
Tesla will be fine without us! They just pre-sold 320,000 vaporware cars. We are in the first 1/3 of that line. Mr. thinks we should get an S leased for 3 years… No one thinks S is a big deal. People got used to them.
dstark: I think they want to be in San Francisco. In a hot neighborhood. They are able to buy without help (with a huge mortgage) at the bottom of the market. It is a really high market. They aren’t in a hurry. They rent a very nice place. They are saving and getting ready if the market collapses. If they lose their jobs, they can buy a mansion somewhere else. Or put the money in a college fund for my grandbaby.
eta: I wonder if I’ll still be on this board when my grandbaby is applying to supposedly elite colleges.
I think I get to tell everyone next week that there is a grandbaby on the way.
@dstark, I enjoy talking with you on your other thread so I’ll join in here too.
Our 29 DS has lived his whole life in northern NJ, with a few detours for schooling. He would LOVE to be able to afford to live in NYC. Most of his peers either stayed or returned to the area after school. The lure of NYC is incredible to these kids. I don’t see it, but I’m an old lady.
Many of them RENT in Hoboken or Jersey City and commute to Manhattan.
Our DS works mostly in NJ, sometimes throughout the tristate area. He was able to buy a really nice small single family house last fall here in northern NJ. Too far for a daily commute into the city but a very easy train ride on NJ transit midtown direct for fun trips in.
We actually thought it’d be a good idea for our son to consider other places besides the oh so crazy property tax state that NJ is…but he, like we, find it '‘worth it’
Madison, WI is a very cool area for young folks. S2 and his GF have been there for four years. Saved a boatload and bought a house. S2 wound up going back to grad school at UW. I love the city.
I was thinking of a tesla s but my wife reminded me that I really don’t need the car. If it wasn’t for visiting my mother, I would drive about 3,000 miles a year.
Can’t predict the future but SF is such a small city and like BunsenBurner wrote, prices didn’t dip much. They did dip a little in 2008-2010. Didn’t stay down for long. People from overseas think SF real estate prices are cheap.
@doschicos, interesting articles on Philly. There was a line in one of the articles about young people moving to Austin, Phoenix, Atlanta, and Portland also.
