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Originally Posted by carlos3679
What do you do Gresch? I am in real estate; i'm not a broker by the way I manage properties...the numbers speak for themselves, a cheaper home paying higher taxes ends up being more expensive than a more expensive home with cheaper taxes. a $600K home in NYC ends up being less expensive than a $400K home in NJ due to higher property taxes, taxes are not negotiable and have to be paid forever...come on man it's what I do for a living it's not that I am a New Yorker it's that 1+1=2. you just bought in NJ? i'll bet you want to come back to NY in a couple years, it happens to everyone who leaves the NYC for the swamp state.
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A $600K dwelling in NYC (probably a studio/1 bedroom coop) is nothing to a $600K (3 o 4 bedroom + land) home in the suburbs. As for the taxes, you seem to forget cost of living differences. My loaf of bread and a gallon of milk is probably 20-30% less than in the city.
And if you want to have a family, forget it. But as a new graduate, I'd be excited to live in the city, nothing like it. Then again, back in the early 90's rent was only $500 a month down in village with 2 other roommates.