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by apohn 3164 days ago
> I am not aware of how expensive Bay area housing is - but you can find pretty good houses an hour from NYC at < 500-600K

I'm not trying to get in an argument, but just want to add some perspective. The quality of house varies quite greatly at 500-600K in a 60 minute range of Manhattan. Property taxes in the areas outside NYC are among highest in the nation. This was one of the reasons I left the NYC area recently - we saw so many 600K+ houses that badly needed to be renovated. The property taxes didn't help make the case. Lots of people want to live close to public transportation with a 75 minute or less commute.

I know somebody's going to look on Zillow and say "Look, I just found a 500K house in NJ that's awesome" Unlike some other parts of the country, the quality of area/house varies a lot in the NYC area. I wouldn't recommend deciding any home is awesome unless you've actually seen it in real life!

1 comments

Yes indeed, quality varies a lot - there are lots of options, need to search around. I believe this will be true of every area in US
Let me reframe.

If you want to leave the Bay Area because of the cost of living, the NYC area may not be the answer. The price of a home ($/sqfoot) may be cheaper in the suburbs of NYC than SF/SV, but property taxes are extremely high (e.g. > 2%) in areas that are commutable (unless you think 2+ hours each way is a good commute) to NYC. You may also end up in a situation where you need a car to commute to the train station, you pay for parking at the train station, and then you have one or more passes (e.g. Subway + Train Pass) to get to your job. So your total monthly living costs may be close to your costs of owning a home in the bay area.