Is greater NYC cheaper than the west coast (real estate, rent)
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Really superficial view, but you can get a house in a place like Bridgewater township, about 45 miles from NYC for under 200k. Not saying it's a posh area, but it's not Camden either. Can you do that on the west coast? Seattle, LA, SF, SD, even Portland?
I haven't really looked into this, but I think the NYC area has a very high median rent because some of the most expensive real estate in the world is in Manhattan (more than anywhere on the West Coast) --- but there are also some relatively affordable areas, as you say. The West Coast has less variation in both directions
No
Housing is expensive everywhere in CA except for far inland or far north. Check housing in big bear, Poway/Ramona, Tracy, Gilroy, Palmdale, Valencia, etc. It's expensive.
I bet even Los Banos(1-1.5 hrs from San Jose)has expensive housing.
The good thing about these exburbs is that they tend to be newer and don't have much crime.
If you wanna move to CA and live in an exburb, bring plenty of cash.
Last edited by dontbelievehim; 05-02-2020 at 02:16 AM..
Downtown Newark, yes. And even then the arena still hasn't made a big impact.
Housing isn't the only factor. Food, utilities, transportation, your wages, they all matter. If a house in Bridgewater cost under 200K but you have to deal with tolls, cost of an NJT rail pass, groceries, utilities, wage tax in Newark if you work there, and property taxes, are you really coming out ahead?
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
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Quote:
Originally Posted by Gaylord_Focker
Really superficial view, but you can get a house in a place like Bridgewater township, about 45 miles from NYC for under 200k. Not saying it's a posh area, but it's not Camden either. Can you do that on the west coast? Seattle, LA, SF, SD, even Portland?
keep in mind that 45 miles in the Bos-Wash corridor is like 150 miles on the west coast...
Downtown Newark, yes. And even then the arena still hasn't made a big impact.
Housing isn't the only factor. Food, utilities, transportation, your wages, they all matter. If a house in Bridgewater cost under 200K but you have to deal with tolls, cost of an NJT rail pass, groceries, utilities, wage tax in Newark if you work there, and property taxes, are you really coming out ahead?
The only houses you’re getting for under $200K in LA County will be beat up or dated in suspect neighborhoods in places like Lancaster/Palmdale over an hour from the city with zero traffic. If you’re lucky you may find a small cabin in mountains where there’s snow to deal with, and if you’re really lucky you might find a tear down on a tiny lot in a dangerous area of the city.
I have in-laws all throughout the NYC metro outside of the city limits in both NY and CT and houses are much cheaper there for comparable neighborhoods. It’s not even fair the difference in price? Property taxes on the other hand are much more out there.
Greater LA and greater Silicon Valley bay area are much more expensive on housing prices compared to greater NYC metro area. Manhattan housing is very expensive before, but regardless how this pandemic impacts housing, part of housing prices in NY CT and NJ are quite cheap.
CT is especially cheap. Before pandemic, CT housing prices dropped every year for 10 plus years, and was at all time low pricing lower than 2002 probably. Even Greenwhich which is less than 1 hour train ride from manhattan had depressed housing market before pandemic. Certainly CA housing is totally different and much more red hot housing market.
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