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Old 06-18-2018, 04:48 PM
 
57 posts, read 35,684 times
Reputation: 30

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I'm a single 24 year old male pretty well off. I work remotely and I'm clearing 130k a year. Zero debt. Investments doing extremely well but I won't touch that money. I currently live in Raleigh, NC and I'm looking to move. I love Raleigh, but I do feel like I need to explore the world while I'm young and I'm in a rare position to do that.

I'm looking for any cool place but lately I've been thinking of either moving to a state with no income tax. I've narrowed my options to Las Vegas or Miami. I'm thinking about buying a condo as my permanent address because I'll save 700$ a month in state income tax. I see no reason to live in Raleigh when I can ball out and get a beach front in Miami or a place on The Strip.

1) What's better for a young single male? Miami beach front or Las Vegas Strip? I really like being around beautiful girls, lol.

2) I'm open to living in other places such as SF, Seattle, Austin, NYC, Chicago, etc. I just don't know man. I'm trying to live life to the fullest. I wasn't even considering buying a place until I realized I'm throwing away 700$ a month in state income tax + renting.

I'm personally wanting Vegas only because the condos are modern. I feel like everything beach front Miami isn't worth the price for what you get, a 1980 apartments. I'm thinking about spending no more than 400k. I also have plans to rent my place out in the future.
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Old 06-18-2018, 07:09 PM
 
Location: Denver
15,433 posts, read 22,972,738 times
Reputation: 11077
Let me know what you do first. I'm mad jealous and broke.
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Old 06-18-2018, 11:53 PM
 
57 posts, read 35,684 times
Reputation: 30
Quote:
Originally Posted by annie_himself View Post
Let me know what you do first. I'm mad jealous and broke.
I write code
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Old 06-19-2018, 07:43 AM
 
Location: Pennsylvania
482 posts, read 325,542 times
Reputation: 891
I think NYC is the best option- gender ratio wise
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Old 06-19-2018, 09:51 AM
 
Location: OC
10,002 posts, read 6,220,565 times
Reputation: 8087
Quote:
Originally Posted by sad_hotline View Post
I think NYC is the best option- gender ratio wise
130k in NYC will not go far.
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Old 06-19-2018, 10:06 AM
 
23,891 posts, read 37,020,889 times
Reputation: 24533
If you're looking for the generic glass box new-build condos, Las Vegas will provide much more of that since most of Miami Beach has already been built out.
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Old 06-19-2018, 10:40 AM
 
Location: Colorado Springs
3,871 posts, read 3,488,387 times
Reputation: 4922
Population density means dating opportunities should be far better in Miami despite Vegas' reputation as a party destination. While Las Vegas has more population than Miami proper, the MSA are completely opposite. Miami is 6.7 million while Vegas is only 1.9 million.

Weather adjustment will not be as noticeable in Miami compared to Raleigh. Vegas will be like moving to an oven. Vegas also can be subject to more divergent real estate valuations when the economy tanks.
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Old 06-19-2018, 11:15 AM
 
Location: Northeast states
12,824 posts, read 11,188,408 times
Reputation: 3954
Wynwood and Brickell in Miami
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Old 06-19-2018, 11:33 AM
 
Location: Miami-Jax
7,634 posts, read 8,775,420 times
Reputation: 4725
NYC is my preference of all US cities, but it's true that 130k will not be living it up in the same way, especially with tax differences and the desire to purchase a condo.

I really don't think you can go wrong if partying is your North Star at the moment. If I were you I would probably split my time between the two via short term rental or such. You should still be able to establish your residency in non-income tax states this way. But you would be paying "rent." Maybe after half a year or so you can decide where to buy. Note, condo fees in a lot of the amenity-laden buildings may be comparable to some rents lol.
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Old 06-19-2018, 12:23 PM
 
Location: Boston/UpstateNY/FL
154 posts, read 130,152 times
Reputation: 364
NYC? No. Too expensive and everyone wants out.


Honestly, why not LA? Miami will get to feel like a drag after a while.
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