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It depends on your variables. A more level field would be to say to compare NOVA to the NY Metro area. Rent - yes. Buying a house - yes. Property taxes - maybe. I used Queens because there are very few homes/areas in NOVA that look similar to Manhattan or Bklyn.
I live is SOVA and for what I sold my home in Bklyn nearly 20 years ago I was able to a buy a 3000ish sqft home sitting on 10 acres, two new cars, pay 20% of my NYC tax rate and still have plenty left over. We have four cars and it still costs less to fully insure them then it did 20 years ago for one in NY.
Which part of SOVA, Hampton Roads or West of Charlottesville?
Real estate in HR is not as much as it is in NOVA. I've been told that Richmond is even cheaper than HR. Personally, I don't think real estate in Virginia is cheap at all, in any part of the state. IMHO, outside of the taxes I would think parts of NJ and NYC were preferable to Virginia, from a cultural aspect, given how the only difference in prices between here and the Northeast are often how much you get for the money, as opposed to cheaper prices. Virginia isn't the Midwest where you're paying two thirds, or half as much for twice or three times as much space as the Northeast.
No I don't have a point to make about real estate where you live, I was just curious when you stated you were in Southern Virginia as to where that was, as Southern Virginia could be anything South of Richmond.
Real estate in HR is not as much as it is in NOVA. I've been told that Richmond is even cheaper than HR. Personally, I don't think real estate in Virginia is cheap at all, in any part of the state. IMHO, outside of the taxes I would think parts of NJ and NYC were preferable to Virginia, from a cultural aspect, given how the only difference in prices between here and the Northeast are often how much you get for the money, as opposed to cheaper prices. Virginia isn't the Midwest where you're paying two thirds, or half as much for twice or three times as much space as the Northeast.
No I don't have a point to make about real estate where you live, I was just curious when you stated you were in Southern Virginia as to where that was, as Southern Virginia could be anything South of Richmond.
Actually due to to the costs of NOVA close to DC, the NOVA line has dropped down to Fredericksburg. Between Fredericksburg and Ashland it can go either way in costs. Henrico tends to spike on ther high end of costs.
But back to NYC preference is not the issue. Cost of living is. We're not talking comparing a Food Lion to another Food Lion. We're talking sales tax, NYS tax, NYC tax, fees that are nearly (up to) 10x VAs, Insurance, Utilities. NYC has a fine/ticket for things they'd never think of doing in VA.
I would prefer to live in NYC. But with everything I listed above my 20 mile commute took me nearly 2 hours to do.
When I had initially responded he Bed-Stuy part wasn't there. I think the OP has moved on.
Actually the OP listed street name and no edit line. So its sitting between Bed-Stuy and Bushwick.
Quote:
I'll be near fulton utica and patchen.
Even though the neighborhood has a bad rep, there are numerous nice homes and nice people there. I lived in Brownsville for part of my early youth and had no issues. From my view living in Flatbush was worse. But as you go up the income ladder, you also go up to better neighborhoods.
Actually the OP listed street name and no edit line. So its sitting between Bed-Stuy and Bushwick.
Even though the neighborhood has a bad rep, there are numerous nice homes and nice people there. I lived in Brownsville for part of my early youth and had no issues. From my view living in Flatbush was worse. But as you go up the income ladder, you also go up to better neighborhoods.
Which is another thing. If you are making good money, why do you think you would be stuck in a slum somewhere. I don't know if it is posters on C-D that tell people it takes $140,000 to live in New York, or fears about living across from the projects. If the OP had simply stated how much he was making, or what he would be doing, one could give him a better sense of what type of lifestyle his money could afford. "What he should expect" is going to be entirely different if he is making $30,000, as opposed to $60,000 or $70,000.
.... "What he should expect" is going to be entirely different if he is making $30,000, as opposed to $60,000 or $70,000.
One major issue that college grads have today is excessive debt upon graduation. So basically they're graduating with owing a $200k mortgage. Couple that with NYC rent (use craigslist to get a price) even $70k isn't going to get the OP way past a livable level.
Use the two calculators and play with the numbers. At $70k. $48k is the net.
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