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Old 08-08-2007, 10:56 AM
scott1 scott1 is offline
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Join Date: Sep 2004
Location: New York
Posts: 369
Default Re: Manhattan real estate

Tweety,

I'm an early 30s New Yorker with a baby boy living in a 2 bedroom on the Upper East Side.

I assume you are expecting a bonus in the low to mid 6 figures this year? If I were in your position I'd move to a less expensive UES 2 bedroom for a year. You can find a doorman 2 bedroom in the 4-5k range. It might be in the low 90s, or further east than you'd like, but they're out there. It probably won't have a gym. After your bonus start looking.

Prices are never going to go down on classic sixes but your bonus will out pace growth or real estate value in a year or two.
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