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I moved out of NYC to Jersey City three years ago, largely because there was an immediate upside on my taxes. I'm still close enough and can easily go in when I
by ianbutler 4y ago
I moved out of NYC to Jersey City three years ago, largely because there was an immediate upside on my taxes. I'm still close enough and can easily go in when I want to via the path.
My friend who works as an engineer at Google was lamenting to me the other day how his 350k+ TC basically feels like nothing in NYC after federal, state and city taxes. He takes a 50% loss. Why would you want to continue living in a place that takes what is a top 1-2% earner for our age group (25-30) and makes them feel poor? And that is even considering RSUs since those are vesting monthly at Google now.
He's almost priced out even in Brooklyn, paying over 3k for his 1 bedroom. But if you don't want to live in some slum lord pre ww2 shit hole you need to be paying a lot.
I'm in the same earning bracket and I've been contemplating a further move because while Jersey is easier on the wage taxes, the property taxes are insane and make buying a house here deeply un attractive.
- treeman79 4y agoI pay 2700 for an acre in a highly desirable area in the south. Which is 1200 more than it was 4 years ago. But we have a huge flood of people coming from out of state that love how cheap everything is.
- throwaway6734 4y ago>Why would you want to continue living in a place that takes what is a top 1-2% earner for our age group (25-30) and makes them feel poor? Least out of touch FAANG engineer
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- ianbutler 4y agoYou are not wrong, I am out of touch with normal people, doesn't mean I'm not going to continue to try and improve my position. I guess I should have said poorer. Also I don't work for a FAANG but it's arguing semantics as they're around the same tier.