Probably so, but that would make for a hell of a long commute to work! And I doubt I find a job in Arkansas with anywhere near the income I can make in Manhattan.
As always, location, location, location, dictates the price.
But I'm glad I don't live in Manhattan these days. Real estate in my neck of the woods is rising fast because so many city dwellers want to move out to the suburbs.
When I think about Manhattan Residential, I am always reminded of the great 1970s Broadway & Movie “6 Rms Riv Vu” by Bob Randall. If I recall correctly, the joke was that you had to stand on the toilet, bend awkwardly in looking out the window for the smallest sliver view of water.
Good luck in the coming Mayoralty Election, will any be better than Wilhelm?
But why? With Bill and Chirlaine, isn't life in the Big Apple heavenly?
Let me explain about the difference “I cannot make the money I make in Manhattan in Arkansas”.
Sit down & make a list of what you are living on near Manhattan. THE NET INCOME you are living on.
Be honest- list everything—even tips to doormen & valets.
Make sure that your paper has 2 columns on it....One for Manhattan & one for Arkansas.
Then look long & hard at the differences in the COST OF LIVING between those 2 places.
IN fact-—there is a website “BEST PLACES” that will do similar for you in a general sense...
However, I want you to be specific & use your real living expenses.
Housing
Property taxes
Auto costs-—fuel-registration-parking-repairs & fast depreciation due to winter salt on the roads.
Clothing
Entertainment
FOOD purchases for home preparation
Eating out-—including lunch every day
GRUB HUB & delivered already prepared food.....
Get specific...go thru all your checkbooks & your credit card
receipts.
Don’t cheat......Be fair to yourself.
Also-—assess how SAFE you feel where you are. That one factor can be enough to make you rethink how marvelous it is where you are making alot of money.
You might be really surprised how ARTIFICIAL your current living standards are.
I am retired, but I had 3 houses since 1966 and I parlayed those into buying this 3rd one being purchased for cash. NO MORTGAGE.
I have over 5 acres. I have a house that was brand new when I bought it. MY current property taxes are UNDER $760 annually. I am NOT living in a shack. I am not in anywhere near the danger I was in In So Calif. I have clean Air. I have clean water. I can buy a gun or ammo without 89 layers of government control. I don’t have 11 stop signs between me & the Federal highway.
I have 4 seasons, but not the winters you fight. NO salt on our roads. I have a station wagon, a 1 ton dually truck, and a 4 horse trailer. ALL 3 registrations don’t add up to $200.
MY power bills are under $100 monthly. My propane per gallon was $1.85 on the last delivery.
In my experience as a life long accounting person...the cost of living where your job is determines how much you will be paid. IT IS NOT A MEASURE OF YOUR SUPERIOR JOB PERFORMANCE.
It is only a measure of what your employer MUST pay to get you to live where it is so expensive.
Be fair in your numbers.
You might find that Arkansas isn’t such a bad idea after all.
You cannot control your crazy Governor. He is strangling all of you there-—at least the ones he hasn’t already killed with moving active Virus a into the nursing homes.
Check out the website Best Places. They let you COMPARE different places against where you are now.
Friends purchased a four bedroom, dinning room and two baths, Log cabin, plus three car garage, paved wrap around drive with 7 acres of wooded land in Ohio. Just two miles outside their downtown.....$300,000.