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Old 10-09-2011, 07:18 PM
 
7 posts, read 7,514 times
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Hey All,

My family will be moving due to a new job in the world financial center. Family consists of Me, wife, 1.5 year old, a newborn on the way, and grandpa.

Can anyone give me some advice on what areas we can consider to move where the commute time will be within an hour (most important criteria)?

Ideally I would be looking to purchase a townhome or home (least 3bed/2bath) within $300k. Not sure how realistic that is. I could rent I suppose, but not a big fan of renting.

I'm originally from Chicago suburbs so I assume things might run differently in the NYC surrounding areas.

Other things that would be nice are good schools, parks, etc.

Thanks in advance for any valuable advice.

Regards from the midwest.
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Old 10-09-2011, 07:21 PM
 
Location: Maryland
18,563 posts, read 15,771,473 times
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Quote:
Originally Posted by chicagomate View Post
Hey All,

My family will be moving due to a new job in the world financial center. Family consists of Me, wife, 1.5 year old, a newborn on the way, and grandpa.

Can anyone give me some advice on what areas we can consider to move where the commute time will be within an hour (most important criteria)?

Ideally I would be looking to purchase a townhome or home (least 3bed/2bath) within $300k. Not sure how realistic that is. I could rent I suppose, but not a big fan of renting.

I'm originally from Chicago suburbs so I assume things might run differently in the NYC surrounding areas.

Other things that would be nice are good schools, parks, etc.

Thanks in advance for any valuable advice.

Regards from the midwest.
I wish you well but with that budget I'm not optimistic you can find what you desire and keep your commute under an hour.
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Old 10-09-2011, 07:23 PM
 
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lol at a home for 300k.

Even in Brooklyn or Queens (well within an hour's commute), you will not find a low end home cheaper than 450 in a decent neighborhood.

You can find a 2-3 bedroom apt in good neighborhoods for 1300-1600/month though.
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Old 10-09-2011, 07:24 PM
 
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what would be some areas to at least check out?
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Old 10-09-2011, 07:25 PM
 
7 posts, read 7,514 times
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"1300-1600/month" - is that rent or mortgage?
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Old 10-09-2011, 07:30 PM
 
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Quote:
Originally Posted by chicagomate View Post
"1300-1600/month" - is that rent or mortgage?
Rent.

Housing costs are seriously out of whack here. Thank our city government for subsidizing the poor and in turn keeping the population much higher than it otherwise would be.

All the landlords crying about the rent stabilization don't realize that without it the city's population would take a huge hit and so would the rental/home prices (not necessarily a bad thing).

A bit off topic but welcome to NYC.lol
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Old 10-09-2011, 07:37 PM
 
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wow...ok...so how about any surrounding suburbs? NJ a realistic option?
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Old 10-09-2011, 07:44 PM
 
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Originally Posted by chicagomate View Post
wow...ok...so how about any surrounding suburbs? NJ a realistic option?
Well, the areas within the hour commute would run you similar in terms of rent/home prices.

There's really no way of getting around housing prices here. The only feasible way is to downgrade in size/location.
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Old 10-09-2011, 08:42 PM
 
Location: Staten Island, NY
7,901 posts, read 6,474,824 times
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Staten Island has some good neighborhoods with tonwhouses for slightly more than what you are looking to spend, but they will be small, possibly too small for the size of your family. You could probably find something within that range in parts of NJ, but you'll likely have to expand on your 1hr commute time. If you are not against living in/near Newark, you have a decent shot of staying in that range.
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Old 10-09-2011, 08:55 PM
 
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Originally Posted by chicagomate View Post
wow...ok...so how about any surrounding suburbs? NJ a realistic option?
Maybe Harrison, NJ. Anywhere else I can think of is either more expensive than you want, a very bad area (e.g. Newark), or a much longer commute. You might try in the NJ forum.
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