The cost of living in New York City is skyrocketing and you can’t escape it.
The cost of rent has soared and the price of home ownership has dropped in New Jersey and New York as well.
The city has seen a surge in rental prices, but there are some things you can do to lower your costs without breaking your bank.
A big part of it is making the most of your time, says Matthew Mathewson.
“I think the main thing to do is take your time to be happy and have the best life you can,” he says.
New Jersey’s rental market is so volatile and there are so many different kinds of apartments, Mathewts wife says, “There are some great apartments for people who can afford to live here, but for people that aren’t able to, there are apartments that are a little bit more affordable and not too expensive.”
For the most part, he says, if you can afford a place, you can get a place.
“If you can find a great apartment, it will make you happier and it will also keep you happy,” Mathews says.
If you’re looking for a place to rent or buy a home, you should know that there are certain areas that are considered expensive and can get pricey.
You can get by without breaking even in Manhattan, says Mathew, but that doesn’t mean that the borough is a good place to buy a house.
“It can be very expensive in Manhattan and in Brooklyn, but it is not as expensive in the Bronx,” Mathews says.
It’s the Bronx where you need to be careful when you buy a condo or apartment, he adds.
“You need to go to the Bronx, you need the right kind of location.
You need to have a lot of space,” Matys says.
When it comes to buying a house, you have to know that it’s going to be in the right place, Mathews advises.
“When you buy an apartment or a house in the city, you’re basically getting a mortgage on it,” he explains.
That means you should check on what it will cost to live in the neighborhood.
“We have some apartments that have a certain amount of space, like an 8,000 square foot condo, but you can still have some room in the living room and you’re not paying a mortgage,” Matays says.
That’s why you can rent a room in a house you buy in Manhattan instead of buying one in the borough, he explains, because you’re getting an actual mortgage payment.
That kind of flexibility and freedom is something that’s going through our minds as we’re trying to get a home.
We want to find a home where we can afford it,” Matries says.
Some people might not want to buy an expensive home in a city where prices are skyrocketting, but they are not alone in that decision.
In fact, some people who buy homes in Manhattan do it to be closer to the arts.”
That’s definitely a factor in our decision to live near the city,” Matrys says, adding that it helps you stay connected to your neighbors.”
As long as you can live near those artists and artists in the same neighborhood, that’s all that matters,” Matyses says.
For many, getting into an apartment in the capital is the only way they can afford their own place.
But the reality is that a place that costs $100,000 a year, $150,000 in New Haven, Connecticut, can have the same level of amenities as an apartment for the same price.
You need the apartment to be livable, but not a bad apartment, Matys explains.”
Just the basics, like a lot more privacy, not a lot, but a lot,” he said.
You should also keep in mind that apartments are typically smaller than homes.
You can buy an 8-bedroom, 9-bathroom, or 10-bedroom apartment, but those are the basic things you need in an apartment to live a decent life.”
People in New England will spend more money on living in an 8 bedroom, but I don’t think you need that kind of space in a place like New York,” Maties says.
The main things you’ll need are a place you can eat and a place where you can have privacy, Matry says.”
Some people like to have some privacy and some people don’t.
Some people like privacy but not too much privacy,” he adds, noting that the more privacy you have, the more you’ll want to be with your friends and family.