Hacker News new | ask | show | jobs
by maps 2677 days ago
To consume $100k a month we need a $10-20 million dollar mortgage (50-100k/mo depending on years and rate). I have to assume a few cars, dining, etc would probably end up being $10-20k/mo so the mortgage is probably around $15 mil. So in NY or SF you are looking at something like a 1-2k sq/ft 2 bed 1 bathroom shithole apartment. Not so luxurious after all really.
6 comments

Less than $15m could buy a 5 bedroom mansion of a single-family home in San Francisco, and in New York, a ridiculously stunning 5 bedroom apartment.

Where did you get 1-2k sq/ft 2 bed 1 bath shithole from?

I assume you're being sarcastic... a $15M shithole apartment! X^D
Yeah looks like I obviously touched a nerve with some people here I guess?
You didn't touch a nerve. You're out in bizzaro-land. $15MM in Manhattan will get you a brownstone on the Upper West Side.
Your NYC numbers are way off. Here are some listings for apartments for sale between 9 and 12 million: https://streeteasy.com/for-sale/manhattan/price:9000000-1200...

For those who don't feel like clicking the link: most are very large (5-6 br) apartments, in expensive neighborhoods, in nice new buildings.

And that's not even taking into account taxes...
Yeah, Manhattan real estate is something like $1600/sqft and SF is $850-$1200 unless you want something in one of the fancy new high-rises. $15 million will buy you 12,500 square feet haha. Just check Zillow.
Putting kids through school, paying for parent's mortgage, vacation properties, country club dues.
> country club dues

> vacation properties

I'm glad there's a "stupid tax" for wealthy people too.

You're likely not going to get that $1.2 million job unless you "travel in the same circles" as the people hiring.