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Old 10-21-2009, 01:24 PM   #1
Homeslice
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...which is equivalent to making about $73,000 in Cleveland.
That's assuming that both people purchased the same types of things. If the $500K earner in NYC chooses to be a fool and buys or rents in Manhattan, living by himself, with no other tenants to help, and chooses to own a car for which he has to pay $15K a year in parking, then yeah, his cost of living will take a big hit. But a more intelligent person would find a way to live more frugally so that he or she could save a sizable chunk of that $500K.
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Old 10-21-2009, 01:26 PM   #2
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That's assuming that both people purchased the same types of things. If the $500K earner in NYC chooses to be a fool and buys or rents in Manhattan, living by himself, with nobody to help, and owning a car and paying $15K a year in parking. But a more intelligent person would find a way to live more frugally so that he or she could save a sizable chunk of that $500K.
So you are saying that if someone is making $73k in Cleveland and chooses to live frugally, he can save a few hundred grand a year?
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Old 10-21-2009, 01:34 PM   #3
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So you are saying that if someone is making $73k in Cleveland and chooses to live frugally, he can save a few hundred grand a year?
No, that's exactly the opposite of what I'm saying. The NYC person earing $500K could, if he lived frugally, walk away after 3-4 years with maybe $400-500K in the bank. The most the Cleveland guy could ever put away is maybe $50-75K during that time.

People seem to have this impression that you need a huge salary to work in Manhattan. If this was true, I guess we better tell that to all those Analysts there, right out of college, who only make about $80-90K and still survive. I've never lived there, so I wouldn't know shit, but if someone insists on "living the lifestyle" and owning property and a car on Manhattan, then yes, they'll need a lot more money than that. But a smart person would figure out a way to live more frugally and sock away some of their high salary while they're still young. After a few years they could move back to where they came from, and buy a home with cash, while the rest of their friends are still upside down on their homes.

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Old 10-21-2009, 01:39 PM   #4
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Originally Posted by Homeslice View Post
That's assuming that both people purchased the same types of things. If the $500K earner in NYC chooses to be a fool and buys or rents in Manhattan, living by himself, with no other tenants to help, and chooses to own a car for which he has to pay $15K a year in parking, then yeah, his cost of living will take a big hit. But a more intelligent person would find a way to live more frugally so that he or she could save a sizable chunk of that $500K.
Plenty of cheap livin in NYC.
There is affordable livin in Manhattan.

A lot of people livin in Manhattan soon find that cars are overrated.
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Old 10-21-2009, 02:22 PM   #5
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Plenty of cheap livin in NYC.
There is affordable livin in Manhattan.

A lot of people livin in Manhattan soon find that cars are overrated.
There is? I'll pack my bags now. I love Manhattan.
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Old 10-21-2009, 02:24 PM   #6
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There is? I'll pack my bags now. I love Manhattan.
Wha the doesnt tell you is it swith the mole people who live in the abandoned subway tunnels

I cant see how anyone would want to work or live in manhattan, I dont even like going there for concerts or hockey games.

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Old 10-21-2009, 02:28 PM   #7
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Wha the doesnt tell you is it swith the mole people who live in the abandoned subway tunnels

I cant see how anyone would want to work or live in manhattan, I dont even like going there for concerts or hockey games.

Tom
If I was single, and could find a job in Manhattan, I'd move there tonight.
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Old 10-21-2009, 02:31 PM   #8
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If I was single, and could find a job in Manhattan, I'd move there tonight.
Theres def work to be found out there, they wanted our medical group to set up asite at the WTC jobsite. I am glad they turned that down, commuting ot manhattan would suck esp downtown. Plus dealing with all the city agencies down there would be all sorts of fun.

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Old 10-21-2009, 02:36 PM   #9
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Theres def work to be found out there, they wanted our medical group to set up asite at the WTC jobsite. I am glad they turned that down, commuting ot manhattan would suck esp downtown. Plus dealing with all the city agencies down there would be all sorts of fun.

Tom
Engineering jobs?
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