Moving Back To N.Y.??

[Class of 72]

 I just spent a week in Tennessee. I searched their supermarkets all over town for a decent piece of salami and cheese or any other type of Italian appetizer...forget about it!

Just like Ray Liotta said at the end of Good fellas...I ordered linguini with marinara, and they gave me noodles with ketchup!

Real estate is cheap and so are their taxes, (30 percent of what I pay on Long Island) but you get what you pay for!

I'm moving to Aiken, SC when I blow Long Island or North Carolina near Raleigh.

 



The bottom line is if you have a net worth of under $1 million then moving to remote areas with limited health care specialists, few restaurants, and devoid of any cultural amenities is for you. If you can afford to pay 10-16,000 in taxes then there is no place to live like the NY metro area. Since real estate taxes are deductible, if you have a decent income or retirement savings over $1 million, I will take Long Island or SW Connecticut any day compared to ACHE IN South Carolina! LOL!

 

I agree with you with the under 1 million today but I'm 42 and I can say with absolute certainty that for my generation and younger actually you can pretty much throw everyone currently under the age of 60 right now that there is no way possible anyone is going to be able to live on Long Island comfortably retired in 20 or more years unless you have minimum over 2 million saved and I honestly think you will need over 3 million ( number can be lower if you have pensions but very few people have them anymore unless you work in the public sector )

In retirement the goal should be to live off what the principal you saved generates and preferably not dip into it because with people living longer the last thing anyone wants to do is run out of money.

MCN is one of the lucky ones where his job is so specialized and portable. The exodus is going to continue. 

 

Mike, Long Island is cheap when compared to Manhattan. I looked at a condo in the West Village that had two bedrooms and 1,400 sq ft for 1.2 million. Taxes were 20K. That was the cheapest I could find in the area! I agree with Erinman about the Durham/Chapel Hill area if you like some land around you and they have medical care next to none IMO. I like metropolitan areas and if I were to have a second home in South Carolina it would be in Charleston.....a great little city.

 

[mjmaherjr]

 I just spent a week in Tennessee. I searched their supermarkets all over town for a decent piece of salami and cheese or any other type of Italian appetizer...forget about it!

Just like Ray Liotta said at the end of Good fellas...I ordered linguini with marinara, and they gave me noodles with ketchup!

Real estate is cheap and so are their taxes, (30 percent of what I pay on Long Island) but you get what you pay for!

I'm moving to Aiken, SC when I blow Long Island or North Carolina near Raleigh.

 



The bottom line is if you have a net worth of under $1 million then moving to remote areas with limited health care specialists, few restaurants, and devoid of any cultural amenities is for you. If you can afford to pay 10-16,000 in taxes then there is no place to live like the NY metro area. Since real estate taxes are deductible, if you have a decent income or retirement savings over $1 million, I will take Long Island or SW Connecticut any day compared to ACHE IN South Carolina! LOL!

 

I agree with you with the under 1 million today but I'm 42 and I can say with absolute certainty that for my generation and younger actually you can pretty much throw everyone currently under the age of 60 right now that there is no way possible anyone is going to be able to live on Long Island comfortably retired in 20 or more years unless you have minimum over 2 million saved and I honestly think you will need over 3 million ( number can be lower if you have pensions but very few people have them anymore unless you work in the public sector )

In retirement the goal should be to live off what the principal you saved generates and preferably not dip into it because with people living longer the last thing anyone wants to do is run out of money.

MCN is one of the lucky ones where his job is so specialized and portable. The exodus is going to continue. 

 

Mike, Long Island is cheap when compared to Manhattan. I looked at a condo in the West Village that had two bedrooms and 1,400 sq ft for 1.2 million. Taxes were 20K. That was the cheapest I could find in the area! I agree with Erinman about the Durham/Chapel Hill area if you like some land around you and they have medical care next to none IMO. I like metropolitan areas and if I were to have a second home in South Carolina it would be in Charleston.....a great little city.

 

Well now that's a whole other thing. Those numbers I gave arent even remotely close enough if someone thinks they are going to retire in manhattan. If someone isnt rent controlled they are screwed. But no way is manhattan affordable retired unless you are well off.

If I was going to live anywhere in the US other than long Island for metropolitan city type feels I'd want either Boston or Chicago ( although I've never been in chicago in the winter )

Other than that I like Maryland a lot.

I love New Orleans and could easily see myself there although the summers might be to freaking hot for me there.

Definitely could see myself living outside the US somewhere at least part time. My girlfriend and I were actually going to buy an Oceanfront sick@ss apartment in Peru a few years ago and had actually started paperwork for it and then the deal fell through when we arrived back in the US when they tried jacking the price on us.

We should have just sucked it up and paid the 10-15k extra because waterfront in Lima has doubled in the last 3 or so years since. UGHHHHHHHHHH

 

[gregbodkin]

 I just spent a week in Tennessee. I searched their supermarkets all over town for a decent piece of salami and cheese or any other type of Italian appetizer...forget about it!

Just like Ray Liotta said at the end of Good fellas...I ordered linguini with marinara, and they gave me noodles with ketchup!
:sob: D: :manga:




Real estate is cheap and so are their taxes, (30 percent of what I pay on Long Island) but you get what you pay for!

I'm moving to Aiken, SC when I blow Long Island or North Carolina near Raleigh.

 

Erinman, Have you ever spent time in Ocala? If I had 6 million I could find a combo horse/sheep herding farm there we would like and 40 minutes to some good D1 sports to the north and a little longer to some Big East action to the South.

 

You are obviously a Florida State fan. There's much better D1 entertainment just 20 minutes north of you. As an aside, my wife and I are retiring to the Carribean or Puerto Rico. Nice weather all year round, scuba diving, island breezes instead of a/c and much cheaper living than in NY!

 

No, no, no, Gainesville and the Gators are 40 minutes North of Ocala. hmy:[/quote

You are driving too slow! Both my daughters went to UF and every time I drove there (from Orlando, where we flew in as there were no other direct flights closer from NY), it only took us about 20 minutes from Ocala. Don't forget, speed limit is 75 and they don't even think of pulling you over until you hit 85.

 

[gregbodkin]

 I just spent a week in Tennessee. I searched their supermarkets all over town for a decent piece of salami and cheese or any other type of Italian appetizer...forget about it!

Just like Ray Liotta said at the end of Good fellas...I ordered linguini with marinara, and they gave me noodles with ketchup!

Real estate is cheap and so are their taxes, (30 percent of what I pay on Long Island) but you get what you pay for!

I'm moving to Aiken, SC when I blow Long Island or North Carolina near Raleigh.

 

Erinman, Have you ever spent time in Ocala? If I had 6 million I could find a combo horse/sheep herding farm there we would like and 40 minutes to some good D1 sports to the north and a little longer to some Big East action to the South.

 

You are obviously a Florida State fan. There's much better D1 entertainment just 20 minutes north of you. As an aside, my wife and I are retiring to the Carribean or Puerto Rico. Nice weather all year round, scuba diving, island breezes instead of a/c and much cheaper living than in NY!

 

Envy you.
We have vacationed on 8 different Carribean islands and the only one I'd live on is Puerto Rico.
Beach, food and cuture, with Old San Juan being one of my all time favorite cities.

 

OSJ is nice. We were thinking more Rincon or something more remote. Just us, the shoreline, and the beautiful Atlantic with it's breezes.