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11-21-2008, 10:26 PM
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919 posts, read 3,275,242 times
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Thanks all. We seem to have a lot of folks there who live in Hoboken, Jersey City, Weehawken, etc. but also other areas. My boss is born and raised and has a relatively cheap rent controlled place in Hell's Kitchen but he's lived there for many years - well before it got hip.
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11-21-2008, 10:43 PM
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Location: Philadelphia,New Jersey, NYC!
6,966 posts, read 19,853,619 times
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live in jersey city!!!
untappted potentisl right there
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11-22-2008, 04:48 PM
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283 posts, read 1,043,460 times
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Don't do uptown if you want nightlife and restaurants. Personally, for what you pay to live in Washington Heights, you'd be happier in Queens (LIC, Astoria, maybe Sunnyside) or Brooklyn. Nothing against the neighborhood.. but if you're not from there, I can't imagine preferring to live there than in Brooklyn or Queens for the same money.
Like everyone else has been saying, though, this is all pretty useless without knowing your budget or at least your salary. Your annual salary generally has to be 40x your monthly rent for a landlord to rent you a place in NYC. Keep that in mind when determining your budget for yourself, at least, even if you don't want to publicize your income here.
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11-22-2008, 06:00 PM
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468 posts, read 2,285,742 times
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I live uptown and agree, don't live here if you want to be walking distance to a lot of nightlife. There isn't much up here.
Your office is close enough to the Christopher Street PATH station that your commute from Jersey City would be shorter anyway, and Jersey City has a decent amount of stuff going on... and right next door is Hoboken which is a nightlife mecca, if the scene is a little young.
Also the monthly PATH pass is cheaper than the Metrocard. All signs point JC for you.
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11-22-2008, 08:23 PM
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919 posts, read 3,275,242 times
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Quote:
Originally Posted by Miles
you still haven't told us your budget.
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Well I'm used to paying about 1,500/Month for mortgage, plus about 400/month to own/operate a car, which I'd get rid of if I moved there.
So let's say 1500-2000/mo.
I can get a good idea of prices and ROI on Craigslist, but mainly wanted some ideas on what areas to consider based on commute routes to the office. Thanks! |
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11-22-2008, 08:25 PM
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3,225 posts, read 8,273,742 times
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Quote:
Originally Posted by joninaz
Well I'm used to paying about 1,500/Month for mortgage, plus about 400/month to own/operate a car, which I'd get rid of if I moved there.
So let's say 1500-2000/mo.
I can get a good idea of prices and ROI on Craigslist, but mainly wanted some ideas on what areas to consider based on commute routes to the office. Thanks!
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With that budget, do Queens, Brooklyn, The Bronx, Staten Island if you want to be alone or roommate it in Manhattan. Good luck! |
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11-22-2008, 10:08 PM
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919 posts, read 3,275,242 times
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Quote:
Originally Posted by Miles
With that budget, do Queens, Brooklyn, The Bronx, Staten Island if you want to be alone or roommate it in Manhattan. Good luck!
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I'd be curious to know if the Wall Street/Banking probs are starting to impact rental costs. |
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11-22-2008, 10:20 PM
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3,225 posts, read 8,273,742 times
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Quote:
Originally Posted by joninaz
I'd be curious to know if the Wall Street/Banking probs are starting to impact rental costs.
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I see a little budging - very miniscule - but only in high end rentals. Guess not having those fancy bonuses, many high finance folks can't pay $4,000 for a 1 bedroom anymore.
Last edited by Moderate Guy; 11-22-2008 at 10:21 PM..
Reason: typo
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11-22-2008, 10:21 PM
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12,344 posts, read 24,982,632 times
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Quote:
Originally Posted by joninaz
I'd be curious to know if the Wall Street/Banking probs are starting to impact rental costs.
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They may be at a certain luxury price range, but I wouldn't count on it happening at the lower ranges.
I've seen two lines of conflicting info on this issue - on the one hand, people are losing their jobs and may possibly be leaving the city and therefore demand for rentals goes down. (Though I have not heard that our population is going down.)
The opposite viewpoint is that at times when buying real estate doesn't seem to make sense, many people who are currently renting continue to rent --whereas in a better housing (r.e.) market, they would buy and therefore create a vacancy in the rental market. This would not support rent prices going down, rather they would go up.
There is a thread about this exact issue on a Brooklyn website that I don't think I can mention since it's a competing site. But if you google "are rent prices going down in NYC" it will be on the first page.
Last edited by Henna; 11-22-2008 at 10:37 PM..
Reason: sentence in the wrong place
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11-22-2008, 10:25 PM
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3,225 posts, read 8,273,742 times
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joninaz, are you averse to renting outside Manhattan?
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