I make about $55,000/ year + a yearly bonus of 5-7% and will be able to keep my job/ see my salary increase to ~$70,000 in the next 5 years. Currently, I have $20,000 in the bank, absolutely no debt, and live at home with my parents (who charge me nothing.) I will NOT want to rent, but would much rather buy a place. Obviously, the more I save the less my mortgage would be. I work in Midtown, and since I have very low costs of living I pocket about 80% of every paycheck.
What is everyone's suggestions regarding places in the NYC/ NYC metro area to live? How much house/ apartment can I afford? How much should my down payment be? The typical 20% or is it better to save more?
February 08, 2017 at 02:01PM
