The value of my stuff is way higher (like at least double), and I pay less with State Farm. I think we pay like...$50 a year or so? You should definitely shop around.
I totally sympathize about the decision being a financial one. I am trying to conceive but since I am a lesbian, there is a significant cost to that for my wife and I. Every month we spend upwards of $1300 for basically nothing. How long do we do it before we give up? How much financial ruin am I willing to go through to make this happen? It's a real factor and I get so tired of everyone saying "it will happen eventually". Well, maybe I can't afford to wait for eventually, so it might not. Finances are just as good of a reason as anything else! That being said, if you do actually want a kid I bet you guys could make it work. I feel like anyone who bought a place in NYC is in the "financially responsible" hall of fame.
I complain about everything, cause I work in Customer Service and it annoys me when I receive poor service. Most notable example is a $900 suit for my wife for our wedding - the fit was horrible. They gave us $450 off. I'm really good at complaining...lol.
@callmeprufrock I agree. Not to mention if you sklp around a lot, eventually people won't hire you for long term positions because they know you will leave too quickly. As a hiring manager, I pretty much won't call people back who has that history on their resume.
@Forcommentsonly maths :)
I would totally do this. Lots of my wife's friend's parents do this and have become much more comfortable financially as a result. Housing is not really subject to the same whims as the market and generally over long periods of time will generate more income than the morgtage costs if it's a fixed rate. It's easy income for freelancers. :) That way when there's a bust, you'll still have something that's worth something. Someone will basically always pay you some amount of money to live there, especially in a rapidly gentrifying city like NYC.
I had mine out about two years ago (age 28) and this was pretty much my experience too. It's the worst!
@Lordrushbrooke Gnch@facebook Well he said he lives in New York, so it's easy to figure out since we know he's unmarried. http://www.arjungmenon.com/nyc-tax-calculator/ Approximate take home pay is $36,586.45.
@Forcommentsonly haha, well ok then. JK. I hope it improves. :) I'm originally from NYC, I thought it was getting too pricey, so I moved out to Cali. 4 years later, it's much more expensive here. I have to move to the midwest next or something.
You guys need to livestream this for those of us not in NYC!