[quote name='Chris in Cali'][quote name='Derwood43'][quote name='Chris in Cali'][quote name='MaxBiaggi3'][quote name='dwsscs']I noticed you were in NYC. [/quote]
I remember a little over ten years ago when I was in a similar situation to the OP. A friend offered to let me share his apartment in NYC. He told me "your share of the rent will be $1,000 a month." My mortgage payment today (over ten years later) is only $1,000 a month, and I've got a pretty decent home in a decent neighborhood in the Washington, DC suburbs.
What I'm trying to say is that living in NYC is hella expensive, so if you've got family/friends in Ohio or some other relatively inexpensive location, you might want to consider relocating. You're not helping yourself financially by living in a high-rent district, and I'm guessing it will be difficult for you to make the kind of life-altering decisions you will need to be making while also dealing with the stress/pressure of paying to live in NYC.[/quote]
My house payment is $2000 a month.... for a condo, living in So Cal is crazy expensive. I'm contemplating move to somewhere in Nevada (Vegas), for the price I pay for my condo I could get a house with a pool and the works in Las Vegas.[/quote]
Don't forget that with moving to an underdeveloped city also means a lower cost of living. Which means, you won't be making the same amount of money in Nevada that you're making in southern California.[/quote]
My company would transfer me over to the Vegas center, and I wouldn't have take a pay cut. I know what your saying though, if I was looking for new work it would be less. Like I think the minimum wage is the highest here in so cal, so everything else goes up too. The only reason I really stay here is for my family.[/quote]
I am living in Las Vegas, I moved from California about 4 years ago. My family still lives in Cali, so I understand your situation.
Living in Las Vegas in no longer cheap anymore. Home prices have basically doubled in the past year...lots of people from Cali moving to Vegas, land shortages. To pay 200K for a condo in a decent area in Vegas now is quite common...expect to pay 250K on the low end for a starter home in an absollutely shitty crackhead infested neighborhood. If you move to Vegas NOW your housepayment WILL be $2000 a month on the low end.
Also, since Vegas is one of the fastest growing cities in the U.S. right now taxes are now a constant ever increasing mess. Me and my husband saw taxes on our home basically triple within the last year we were in it, because all these special "improvements" to the surrounding Vegas area need to be made--in other words, we had to pay for the infrastructure for other people to move here after us.
Wages are alot less here in Nevada then they are in California. Me and my husband both moved out here when our companies opened their own branches out here, so we were able to transfer for the pay equal to Cali at the time. Then a year later our companies decided that they wanted to cut back our wages, without cutting our hours, so we were basically told we had to work the same amount of hours for less money, or leave for a crappy job in the casinos. From what I've heard from alot of people who live in Vegas that this is standard procedure for many companies out here. This might have been ok if housing out here were still cheap, but its not anymore.
What a ratrace! So not only has our wages decreased and our living expenses increased, now we're stucking living away from our families. If we wanted to deal with this kind of crap we would have stayed in Cali...so much for moving to "get away from it all". Moral of the story is you can try to move someplace new, but that doesn't stop things that are out of your control from happening.