FinancialSavvy.net
Monday, October 2, 2023
No Result
View All Result
  • Home
  • News
    • Finance
    • Economy
  • Education
  • Passive Income
  • Markets
  • Forex
  • Crypto
  • Real estate
  • Personal Finance
    • Personal Finance
    • Investing
    • Commodities
    • Saving
    • Retirement
FinancialSavvy.net
No Result
View All Result
Home Real estate

Coming Home to New York, but Could She Afford a Manhattan Studio?

by Financial Savvy
November 3, 2022
in Real estate
0
Coming Home to New York, but Could She Afford a Manhattan Studio?
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Amanda DiMarco didn’t count on New York Metropolis to drag her again, but it surely did.

Ms. DiMarco, 32, had lived within the space for nearly her complete life: She was born and raised in Westchester and spent seven years in Hoboken, N.J., after faculty. However when her function overseeing shopper success for a software program firm went distant in 2020, she bought most of her furnishings, put just a few issues in storage and hit the street along with her roommate.

The pair, who had been renting a two-bedroom, two-bathroom Hoboken residence for $3,500 a month, spent the subsequent 13 months crisscrossing the nation. They earned loyalty factors at Marriott inns, the place Ms. DiMarco would take Zoom calls within the morning earlier than heading out to hike in nationwide parks.

“It was the largest self-growth expertise I’ve ever had,” she mentioned.

However whereas she stored anticipating to really feel a tug in one of many cities she visited between Maine and California, none compelled her to place down roots. “I stored anticipating to suppose, ‘Oh, my god, this feels proper. I have to be right here,’” she mentioned. As an alternative, when she made her manner again house — the place her giant Italian household nonetheless gathers for Sunday dinner each week — “New York, lo and behold, was what felt most proper.”

[Did you recently buy or rent a home in the New York metro area? We want to hear from you. Email: thehunt@nytimes.com]

It was the autumn of 2021 — rents have been climbing, and mortgage charges have been close to a historic low. Ms. DiMarco, who had been placing apart funds since faculty, knew she had sufficient tucked away to make a 25 p.c down fee on a house costing as much as $650,000.

Her perfect spot was in Manhattan, ideally under twenty third Avenue. She anticipated to finally return to her Midtown workplace, and “losing these hours on a commute was one thing I didn’t need,” she mentioned.

She knew that her finances and site would restrict her to a studio, so she hoped she might discover a place that she might finally function as a rental. “I hope I’m not residing alone in a studio three years from now,” she mentioned. “I wished to have the ability to lease and achieve that revenue down the street.”

When she linked with Christiana Beniamino, an actual property agent with Bond New York and an outdated buddy, she was bouncing between resort rooms within the metropolis and her childhood house in Westchester.

“She had already been nomadic, and he or she wished a secure place,” Ms. Beniamino mentioned.

Ms. DiMarco started residences in early 2022. Amongst her choices:

Discover out what occurred subsequent by answering these two questions:



Source link

Tags: affordcominghomeManhattanStudioYork

Related Posts

The Best Housewarming Gifts For A Clean Home
Real estate

The Best Housewarming Gifts For A Clean Home

October 1, 2023
Should I Get a Smart Lock for My House, or Stick With a Deadbolt?
Real estate

Should I Get a Smart Lock for My House, or Stick With a Deadbolt?

September 30, 2023
What the $55 Million RE/MAX Settlement Could Mean For Real Estate Investors
Real estate

What the $55 Million RE/MAX Settlement Could Mean For Real Estate Investors

September 29, 2023
Powered by Investing.com
  • Trending
  • Comments
  • Latest
The Best Credit Cards With Free DoorDash DashPass

The Best Credit Cards With Free DoorDash DashPass

November 23, 2022
UN warns banks that fund Saudi Aramco about possible human rights breach

UN warns banks that fund Saudi Aramco about possible human rights breach

August 25, 2023
Your Top 10 Will Questions Answered

Your Top 10 Will Questions Answered

December 22, 2022
1 in 5 Gen Zers Does This to Save Money

1 in 5 Gen Zers Does This to Save Money

June 1, 2023
European countries begin taking down public company registers after ruling

European countries begin taking down public company registers after ruling

November 23, 2022
Adam Tooze on Why the U.S. Housing Market Is Sliding and a 2023 Prediction

Adam Tooze on Why the U.S. Housing Market Is Sliding and a 2023 Prediction

3
How to invest in REITs: Everything you need to know

How to invest in REITs: Everything you need to know

2
The Smart Strategy for New Investors

The Smart Strategy for New Investors

2
CES 2023 Sees Strong Bitcoin (BTC) And Crypto Footprint

CES 2023 Sees Strong Bitcoin (BTC) And Crypto Footprint

2
Canna Provisions’ CEO Is Reinventing Cannabis Dispensaries As Destination Stores In Massachusetts

Canna Provisions’ CEO Is Reinventing Cannabis Dispensaries As Destination Stores In Massachusetts

2
Interac is expanding—first up, Wealthsimple e-transfers will get easier

Interac is expanding—first up, Wealthsimple e-transfers will get easier

October 1, 2023
The Best Housewarming Gifts For A Clean Home

The Best Housewarming Gifts For A Clean Home

October 1, 2023
Gen Z workers are job hoppers. What to do with old retirement accounts

Gen Z workers are job hoppers. What to do with old retirement accounts

October 1, 2023
CRV Spikes 22% In 2 Weeks As Whale Withdraws From Binance

CRV Spikes 22% In 2 Weeks As Whale Withdraws From Binance

October 1, 2023
Top Wall Street analysts pick these five stocks for compelling returns

Top Wall Street analysts pick these five stocks for compelling returns

October 1, 2023

Recent News

Interac is expanding—first up, Wealthsimple e-transfers will get easier

Interac is expanding—first up, Wealthsimple e-transfers will get easier

October 1, 2023
The Best Housewarming Gifts For A Clean Home

The Best Housewarming Gifts For A Clean Home

October 1, 2023
Gen Z workers are job hoppers. What to do with old retirement accounts

Gen Z workers are job hoppers. What to do with old retirement accounts

October 1, 2023

Categories

  • a
  • Commodities
  • Cryptocurrency
  • Economy
  • Education
  • Finance
  • Investing
  • Markets
  • Personal Finance
  • Real estate
  • Retirement
  • Reviews
  • Saving

Follow us

Newsletter

Subscribe to our mailing list to receives daily updates direct to your inbox!
  • Terms and Conditions
  • Privacy & Policy
  • About us
  • Contact us

© 2022 Financial Savvy | All Rights Reserved

No Result
View All Result
  • Home
  • News
    • Finance
    • Economy
  • Education
  • Passive Income
  • Markets
  • Forex
  • Crypto
  • Real estate
  • Personal Finance
    • Personal Finance
    • Investing
    • Commodities
    • Saving
    • Retirement

© 2022 Financial Savvy | All Rights Reserved