Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
As a grown man in your thirties I would think about owning a home.
In 10 short years you will be 40 pal and out of the loop...
Use that rent money to pay a mortgage instead.
You can choose to
In 30 years your home will be paid off.
In 30 years you'll still be paying rent.
Your boss can choose to
Let you go in 30 years because you are to dang old and you still have rent to pay.
Let you go in 30 years because you are to dang old and you own a house which you can rent.
Think about it..............
Your points are valid, but it's not for me right now. I am unmarried and have also moved three times in the past four years due to work. I expect the moving to slow down a bit since I plan on basing the rest of my career out of NYC and the tri-state area is where my family and friends are. I'm not leaving the region again.
For the foreseeable future, I see NYC as my home. The question is, which part of the city (or just over the Hudson) do I go?
They're all nice enough. I think JC/Hoboken would give you the easiest commute, and would also save you from paying the extra 4% NYC resident tax. But, somewhat offset by having to buy a monthly PATH card which is a bit more expensive than a subway card.
Between JC and Hoboken, JC is more hipster, and generally has a more diverse restaurant & bar scene. That said, Hoboken is generally nicer (at this point, the entire square mile is fully gentrified) and it's hard to beat the nice streets of brownstones, although JC has some of that as well. Something to be aware of is that Hoboken tends toward young families these days, so be prepared for lots of strollers everywhere. At this stage of my life I would (and did) pick Hoboken, but if I were single probably wouldn't.
I do get the sense that your NYC friends will likely not visit you across the river. Most people here make friends with other people on this side of the river as it has it's own nightlife & social scene. It is, of course, extremely easy to go out in Manhattan, but expect a trek to Brooklyn involving subway transfers.
I'd probably suck it up and pay the 4% tax and suffer a slightly longer commute and pick somewhere in Brooklyn with good restaurants and bars. Especially if you're new to NYC and may not be a long term home. I don't think LIC has enough advantages over JC/Hoboken to justify the extra cost or commute though. Jersey City (somewhere downtown) would probably be me #2.