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Jersey + Car or Manhattan + no car

halik

halik

Lifer
Alright,
I've got a job on wall street and i need to move out to NYC in about 2 months.
My options are either to pay rediculous rent anywhere on manhtattan and don't have a car or take the 4% income tax break, low rent and buy a new car while living in Jersey. What do you guys think?

I'm leaning towards the car thing, just because that's equity.

EDIT: It'd still take the train to work in either case. But in NJ i'd have to have a cr to get by.
 
i work in manhattan but live in queens. even though i take the subway i couldnt live without my car. so my vote goes for nj+car.
 
why jersey? why not queens? or bklyn? because of the 4% tax break?

the only problem i see with living in jersey is that after a late nite of drinking, its a PITA to get back home...whereas living in manhattan or one of the boroughs (Except SI) you hop on the train and you're back.
 
i had to make this choice and i chose to live in manhattan. to counter the extra tax, i figure i dont have to pay for car insurance anymore (which NJ has one of the highest rates in the country for) and i save gas money (which at almost $3 a gallon, should be significant)
 
see if you can find a place in one of the other boroughs. rent is considerably cheaper there. plus wall street job will demand lots of hours. You dont want to leave work at 8-9pm and then drive for 30 mins to an hour
 
I vote NJ + car but take train to work like the rest of the people..

4% doesn't seem like a lot to most people but its huge when ur paying through ur azz

or u can live in westchester and take the train down too..

or do the illegal, live in the city, buy an address in NJ..
 
Originally posted by: xospec1alk
why jersey? why not queens? or bklyn? because of the 4% tax break?

the only problem i see with living in jersey is that after a late nite of drinking, its a PITA to get back home...whereas living in manhattan or one of the boroughs (Except SI) you hop on the train and you're back.
Click to expand...

If i'm living off manhattan, I'm gonna go with 4% more money and cheaper rent. None of the other boroughs are significantly cheaper and the tax is still huge.

Appartments across the river are much cheaper (I've seen as low as 5-600 bucks) and I would get the tax break that comes out to another couple grand a year. My office is right off water street, so i can easily walk down from the wtc PATH station.
 
Sold my car when I moved to Manhattan. I like taking the MTA a lot better. Can't beat $76/mo in transportation especially with high gas prices these days.
 
Although I know that you're a big car/bike guy, it comes down to your day-to-day lifestyle...even though I've never been without a car, I'd rather live in NY and use public transportation. That said, my cousin lived in NJ last summer when he was working in NYC because he couldn't bear to leave his 350Z somewhere. 😛

Good luck man 🙂
 
Originally posted by: loic2003
it's NEW Jersey. Jersey is somewhere else entirely.

Get it right.
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It's pretty clear. He is going to drive from the Isle to the US 🙂

Personally, I hate driving in and around NYC, so I would prefer to live somewhere in the vicinity and take trains into town for work. I think living in Jersey (the state, loic2003 😛) makes it easier to own a car that you can at least have handy for going places when you don't want to take trains/busses.
 
Rent is still cheap in the South Bronx. I'm not kidding, "SoBro" is one of the hottest "new" neighborhoods. I'm really serious, Google, whatever, and you'll see.
 
Manhattan w/o a car...

When i was little, my parents commuted from North Jersey to Manhattan / Brooklyn everyday... My mom worked on Wall street, my dad was going to Brooklyn college of pharmacy... They both said if they did it again, they would have just lived in the city.
 
Originally posted by: ElFenix
what is the monthly cost on the car + insurance + gas + maintenance + tolls?
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Well im keeping my perm address in michigan for a while, so my insurance will be about the same (~100 a month). Gas wouldn't be much because I won't really drive it much, except for groceries and random crap like that (say 50 a mo), monthy cost of the car really depends on what i get
 
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