In my small town in Texas, $200K would be a lot of money. Try living on that in Manhattan. You and your wife could easily spent $12,000 a year, $12,000 a year in post tax dollars, after paying Federal, State and City income taxes, just to park your cars. Monthly rent on a cheap three bedroom apartment is more than my wife and I pay per quarter for our house, with garage, shed and 1 acres yard.
That’s just one of the reasons we don’t live there, or in any big city.