🏑 | ⬅️ Fragments | 2023_10_25_NY_dream.md

#frag

Curbed asked New Yorkers about their dream life then did math to figure out how much it costs.

Here's one:

  • lady wants 3 kids, Brooklyn 4 bedroom brownstone
  • brownstone is cheap for area $4.5m, Brooklyn heights
  • private schools ($50k/year per kid)
  • a used Subaru (ha!)

With maintenance, down payment, utilities...

Annual cost: $712,329 a year​

This is after a onetime payment of $1,252,401.

So you'll need to earn $1.5m/year to cover your monthly nut (taxes are about 50%).

Moral of the story: start making some money!

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Ilya Elias S
Ilya Elias S @reactima
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