Simply not wanting to live in a suburb seems like kind of a short-sighted reason (unless you have house/kids or something) to turn down an otherwise good invest

Simply not wanting to live in a suburb seems like kind of a short-sighted reason (unless you have house/kids or something) to turn down an otherwise good investment. Especially with no alternatives. There's probably a very large random element involved in getting accepted into YC. If that's you're only backup plan you should make sure you won't be kicking yourself for passing up the current offer.