Those prices are unfortunately low-normal for NYC area. Will be facing tough decision next year when job hunt starts- stay in area, make less money, pay more for cost of living, but be near family…. or the opposite of those. There must be a balance somewhere….
On another note, any recommendations for getting a better guarantee than 1% on the 300k+ in the MMA we have? The 200 bucks a month interests seems ridiculous. Looking to use it as down payment in 2-3 years
Anyone else in this same situation?
You and i are in the same boat. I have worked for 7 years after fellowship in NYC.
the plus side is i have a job that is steady (Academic division chief in an ivy league hospital) and have been paid decently well with lots of 1099 side income. but cost of living is crazy!
i also have saved 300k for a house. i have it in a 1% account as well. wish i could figure out what to do to earn a better return. seems like interest rates are on the rise so a CD doesn't make as much sense.
regarding relocating--i have interviewed outside. there is a plus and minus to everything. recently i was offered nearly double my current salary to move to New Orleans. but i would be far from family, didn't really love the area, and still have earning potential in my current job. I asked for a raise and was given a 20% bump, with an incentive system as well. now the question is should i keep looking elsewhere.
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