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Old Yesterday, 05:11 PM
 
Location: planet earth
5,448 posts, read 2,112,722 times
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Quote:
Originally Posted by reneeh63 View Post
This idea doesn't seem well thought out - have you run through the financials with someone in terms of cost, taxes, upkeep, all related expenses...and in relationship to maintaining a residence in CA too?
Why would you say that? Do you have inside knowledge of my life and my thought processes?

Bizarre!!!!
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Old Yesterday, 05:22 PM
 
999 posts, read 157,188 times
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Quote:
Originally Posted by nobodysbusiness View Post
Thanks - are these easy to set up?
Very easy. It has a built-in pump with a plug tucked inside a little compartment on the side of the bed. Just plug it in to an outlet, and it inflates in a few minutes.
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Old Yesterday, 05:26 PM
 
Location: Wisconsin
17,706 posts, read 17,971,731 times
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Quote:
Originally Posted by nobodysbusiness View Post
(snip)
I am not sure what "long stay hotels" run, but the hotel I have been staying at runs close to $300 per night!
I have no idea how much a "long stay hotel" costs in NY.

In some cities, they normally are cheaper than comparable hotels (sometimes a lot cheaper), plus have a discount if you stay a week or more and/or a month or more. In addition, the hotel rooms have everything that you need, such as stove, refrigerator, dishes, pots and pans, etc. to live there.
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Old Yesterday, 05:45 PM
 
Location: planet earth
5,448 posts, read 2,112,722 times
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Quote:
Originally Posted by barb712 View Post
Very easy. It has a built-in pump with a plug tucked inside a little compartment on the side of the bed. Just plug it in to an outlet, and it inflates in a few minutes.
Cool. Thank you for sharing!
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Old Yesterday, 05:46 PM
 
Location: planet earth
5,448 posts, read 2,112,722 times
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Quote:
Originally Posted by germaine2626 View Post
I have no idea how much a "long stay hotel" costs in NY.

In some cities, they normally are cheaper than comparable hotels (sometimes a lot cheaper), plus have a discount if you stay a week or more and/or a month or more. In addition, the hotel rooms have everything that you need, such as stove, refrigerator, dishes, pots and pans, etc. to live there.
Good to know!
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Old Yesterday, 06:30 PM
 
Location: planet earth
5,448 posts, read 2,112,722 times
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Just read up on the tax laws. Thanks for the head's up.
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Old Yesterday, 08:00 PM
 
5,386 posts, read 5,329,777 times
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Quote:
Originally Posted by nobodysbusiness View Post
Interesting. Maybe they bought high in the market. Also, you have to pay property taxes on condos - but not co-ops.

I am not sure what "long stay hotels" run, but the hotel I have been staying at runs close to $300 per night!
Taxes for coops are included in the maintenance bill for the coop---it's not that they don't exist.
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Old Yesterday, 08:12 PM
 
Location: Central IL
15,567 posts, read 8,906,126 times
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Quote:
Originally Posted by reneeh63 View Post
This idea doesn't seem well thought out - have you run through the financials with someone in terms of cost, taxes, upkeep, all related expenses...and in relationship to maintaining a residence in CA too?
Quote:
Originally Posted by nuts2uiam View Post
How many times are you planning on staying in NYC? To keep residency you need to be in Ca, 181 days. Those apts. plus assorted costs, maintenance, taxes etc. are gonna run you a ton of money. Have you considered one of the long term stay hotels or and AirBnB.
I spent 30 years working in NYC and those apts are NOT cheap. Then when you want to dump them, they can be tough too.
Quote:
Originally Posted by nobodysbusiness View Post
Never heard of that statistic before.

I am planning on buying a co-op.
Quote:
Originally Posted by nobodysbusiness View Post
Just read up on the tax laws. Thanks for the head's up.
You already admitted you didn't know about residency requirements...apparently hadn't read about tax laws until now...wasn't aware of extended stay hotels...yes, I'm right to question just what you HAVE worked out ahead of time.

Your concerns about a few days in a hotel to get set up seem to pale in light of the arrangements necessary to actually find and finance a co-op but as long as you have the big stuff figured out, hash out the details of setting up an air mattress.
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Old Yesterday, 08:17 PM
 
Location: planet earth
5,448 posts, read 2,112,722 times
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Quote:
Originally Posted by city living View Post
Taxes for coops are included in the maintenance bill for the coop---it's not that they don't exist.
Yes - good point. I have budgeted for the maintenance fee.
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Old Yesterday, 08:18 PM
 
Location: planet earth
5,448 posts, read 2,112,722 times
Reputation: 12130
Quote:
Originally Posted by reneeh63 View Post
You already admitted you didn't know about residency requirements...apparently hadn't read about tax laws until now...wasn't aware of extended stay hotels...yes, I'm right to question just what you HAVE worked out ahead of time.

Your concerns about a few days in a hotel to get set up seem to pale in light of the arrangements necessary to actually find and finance a co-op but as long as you have the big stuff figured out, hash out the details of setting up an air mattress.
You are very rude.

I am following my process.

I am grateful that I have learned what I have learned on this thread.

You have no idea what else I know or don't know.

Total hater I hope to avoid the likes of.
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