Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Trying to Live on 500K in New York City

nytimes.com

Post reply on HN
Print view View original

41–50 of 76 posts

Re: Trying to Live on 500K in New York City

#41

Post by jfarmer »

patio11 wrote: post #24
gamble wrote: post #9

> Nanny: $45,000 a year. Of course, no banker would dream of paying his nanny less than $500,000 a year, considering the difficulty of surviving on such a salary in NYC.

Amen. Every time I hear the "waily waily waily you can't live for less than $90k in California" I think "for God's sake you've interacted with several people today who are doing it -- think back to the last ten times you physically handed money to anyone, they're not making $90k". This problem is not unique to California or Manhattan. I get the same from people who choose to live in Nagoya apartments which cost about…

I lived on $50k/year in SF with no problem. Do people really complain about making less than $90k?

Re: Trying to Live on 500K in New York City

#43

Post by byrneseyeview »

byrneseyeview wrote: post #19
homme wrote: post #17

Earlier quoted context omitted.

Cripe, more than the US president less all the attendant duties. A functionary making that much...obligatory greenspun (nsfw) http://philip.greenspun.com/school/tuition-free-mit.html

If you factor in the cost of transportation and protection (not to mention the rent on a swanky, DC-area mansion), the President is pretty high: http://dealbreaker.com/2009/01/no-more-than-the-president-of...

The edit button is gone, so I feel bad about this. The President is pretty highly paid. According to his book, he hasn't be getting high since his 20's.

Re: Trying to Live on 500K in New York City

#46

Post by astrec »

callmeed wrote: post #44

What is a co-op maintenance fee and why does it equal the mortgage payment? (sorry, I'm from Oregon, never heard of a 96k co-op)

A co-op is (usually) a non-profit that owns an operates a building. When you buy a co-op apartment you effectively buy a share(s) in the co-op which entitles you to occupy a particular apartment. As a shareholder in the co-op you are required to pay maintenance to cover your share of the operating costs of the building: energy and utilities, maintenance, doorman etc. Some co-ops also generate revenue from flip taxes.

Maintenance doesn't have to equal the mortgage payment - our Brooklyn co-op costs around $650pcm in mortgage, and $800 in maintenance.

Re: Trying to Live on 500K in New York City

#48

Post by gravitycop »

Keyframe wrote: post #45

> co-op maintenance fee of $8,000 a month seriously, how on earth can co-op maintenance for apartment amount to 8k a month unless you are building it from scratch?

For one thing, taxes are high in New York City, which makes everything expensive. The "maintenance fees" can include more than what might normally be considered "maintenance": salaries for doormen and superintendants, utilities, building mortgage, and real-estate taxes. http://www.wallfly.com/review/manhattan_ny/faqs/faqs_co-ops....
Post reply on HN