6 ms·

Because we would rather live in NYC than Nashville. It's true NYC can be brutal if you don't make enough, but once you get over a certain threshold, there is n

Because we would rather live in NYC than Nashville. It's true NYC can be brutal if you don't make enough, but once you get over a certain threshold, there is no other place like it.

technotony 8y ago
I'm thinking of moving to NYC from San Francisco, while I bootstrap a new venture. It seems it should be cheaper but still have access to peer networks/potential hires and investors for when the time comes. Do you think that's right? What's the threshold you think you need to earn for it not to be brutal?
- hijinks 8y ago
  NYC area isn't like SF. You can go 40 minutes outside of SF and it's still expensive. It all depends where you want to live in NYC. Manhattan you'll want to make at least 150k to live alone. If you move outside then you have a lot more options but still be able to commute into the city easily. I lived in Manhattan for 7 years and SF area for 6. I now live outside of Denver and its by far the best move of my life.
  - lotsofpulp 8y ago
    I hear nothing but complaints from people who have to commute into NYC. If you're not in Manhattan or the nicer parts of Brooklyn, you're easily adding 30 min to your door to door commute, plus the variance is huge due to the ever decreasing quality of the public transit.
- onemoresoop 8y ago
  min 100k if single but don't expect to save anything
  - e1g 8y ago
    +1. Looking around, most of my NYC peers are 25-35 with no kids, and a typical monthly spend is $6-7k. It's a good life, but not glamorous. Some months are substantially more expensive, almost no months are substantially cheaper.
    - thatfrenchguy 8y ago
      How do you spend 6k a month ?
      - e1g 8y ago
        Uncapped stimulation and convenience. A typical month may look like this - - Manhattan rent: $2k-$4k (depends if you are sharing or living alone) - Not cooking: $1-1.5k ($5 lattes, $15 salads, $20 meals, x 30 days) - Socials & drinking: $1k (~$150 x 4-6 per month) - NYC events: $1k (gigs, comedy clubs, festivals) Young professionals with established careers do not move to NYC to think about how much they could save if they lived in Tennessee instead. The narrow focus is to soak up available opportunities and maximize revenues, instead of minimizing costs. It's a risky gamble.
      - onemoresoop 8y ago
        If one has kids are you kidding? Daycare is about the same as the rent, transportation is cheap but adds up for sure, food (to cook at home, yes we're frugal that way and shop at TJs for about 600 a month) and bills. Yes, some months you manage to save a little bit but other months very quickly dent into the savings.
        thatfrenchguy 8y ago
        I agree for kids. The parent mentioned not having kids though.
- wgerard 8y ago
  If you're living in SF you already know what the thresholds are like, mostly. It heavily depends on your life situation. If you're willing to live with roommates and don't have much in the way of expenses, the threshold is significantly lower. The threshold is also significantly different if you're willing to live in one of the outer boroughs. It's a vague answer but honestly, those factors can swing the threshold almost $100K in either direction.
purple_ducks 8y ago
Can the money you earn as an employee make the streets quieter or the pavements less packed or the air less polluted?
- lotsofpulp 8y ago
  Can the money you save make up for reduced opportunities to hobnob with millionaires and weaving yourself into a network of the upperclass and therefore increasing your chances of hitting it big (or fantasizing about it)?
  - squish78 8y ago
    Sure it can, ass-kissing the wealthy isn't everyone's hobby
    - lotsofpulp 8y ago
      I know, my comment was intended to be a tongue-in-cheek response of what I think draws many to tier 1 cities.
      - squish78 8y ago
        I see, apologies for misunderstanding your rhetoric
  - purple_ducks 8y ago
    > or fantasizing about it 2 bucks on a lotto ticket achieves the same result for me.
- mikestew 8y ago
  A rhetorical question used to disguise your distaste for specific attributes of NYC, how clever. Consider, however, that those things are not important to the parent commenter, at least not as important as other attributes.
  - 8y ago

Because we would rather live in NYC than Nashville. It's true NYC can be brutal if you don't make enough, but once you get over a certain threshold, there is no other place like it.

technotony 8y ago

I'm thinking of moving to NYC from San Francisco, while I bootstrap a new venture. It seems it should be cheaper but still have access to peer networks/potential hires and investors for when the time comes. Do you think that's right? What's the threshold you think you need to earn for it not to be brutal?

hijinks 8y ago
NYC area isn't like SF. You can go 40 minutes outside of SF and it's still expensive. It all depends where you want to live in NYC. Manhattan you'll want to make at least 150k to live alone. If you move outside then you have a lot more options but still be able to commute into the city easily. I lived in Manhattan for 7 years and SF area for 6. I now live outside of Denver and its by far the best move of my life.
- lotsofpulp 8y ago
  I hear nothing but complaints from people who have to commute into NYC. If you're not in Manhattan or the nicer parts of Brooklyn, you're easily adding 30 min to your door to door commute, plus the variance is huge due to the ever decreasing quality of the public transit.
onemoresoop 8y ago
min 100k if single but don't expect to save anything
- e1g 8y ago
  +1. Looking around, most of my NYC peers are 25-35 with no kids, and a typical monthly spend is $6-7k. It's a good life, but not glamorous. Some months are substantially more expensive, almost no months are substantially cheaper.
  - thatfrenchguy 8y ago
    How do you spend 6k a month ?
    - e1g 8y ago
      Uncapped stimulation and convenience. A typical month may look like this - - Manhattan rent: $2k-$4k (depends if you are sharing or living alone) - Not cooking: $1-1.5k ($5 lattes, $15 salads, $20 meals, x 30 days) - Socials & drinking: $1k (~$150 x 4-6 per month) - NYC events: $1k (gigs, comedy clubs, festivals) Young professionals with established careers do not move to NYC to think about how much they could save if they lived in Tennessee instead. The narrow focus is to soak up available opportunities and maximize revenues, instead of minimizing costs. It's a risky gamble.
    - onemoresoop 8y ago
      If one has kids are you kidding? Daycare is about the same as the rent, transportation is cheap but adds up for sure, food (to cook at home, yes we're frugal that way and shop at TJs for about 600 a month) and bills. Yes, some months you manage to save a little bit but other months very quickly dent into the savings.
      - thatfrenchguy 8y ago
        I agree for kids. The parent mentioned not having kids though.
wgerard 8y ago
If you're living in SF you already know what the thresholds are like, mostly. It heavily depends on your life situation. If you're willing to live with roommates and don't have much in the way of expenses, the threshold is significantly lower. The threshold is also significantly different if you're willing to live in one of the outer boroughs. It's a vague answer but honestly, those factors can swing the threshold almost $100K in either direction.

purple_ducks 8y ago

Can the money you earn as an employee make the streets quieter or the pavements less packed or the air less polluted?

lotsofpulp 8y ago
Can the money you save make up for reduced opportunities to hobnob with millionaires and weaving yourself into a network of the upperclass and therefore increasing your chances of hitting it big (or fantasizing about it)?
- squish78 8y ago
  Sure it can, ass-kissing the wealthy isn't everyone's hobby
  - lotsofpulp 8y ago
    I know, my comment was intended to be a tongue-in-cheek response of what I think draws many to tier 1 cities.
    - squish78 8y ago
      I see, apologies for misunderstanding your rhetoric
- purple_ducks 8y ago
  > or fantasizing about it 2 bucks on a lotto ticket achieves the same result for me.
mikestew 8y ago
A rhetorical question used to disguise your distaste for specific attributes of NYC, how clever. Consider, however, that those things are not important to the parent commenter, at least not as important as other attributes.
- 8y ago