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re: And did you take out a 2nd mortgage?

Posted by: ryhog 10:21 am EST 11/22/14
In reply to: re: And did you take out a 2nd mortgage? - Ann 09:53 am EST 11/22/14
I think you would find that many folks living in NYC do not have living expenses significantly different than those in other cities. Unquestionably, we get much less space for the same money, but we also spend, on average, under $150 a month on transportation whereas the average person living elsewhere spends many times that much. Food costs, I find, balance out as well. The average visitor is accessing goods and services that cost significantly more than a local spends, and of course we also tend to make somewhat more in comparable circumstances. Locals don't pay inflated hotel prices, shop in stores in high traffic areas or even pay a lot for theatre tickets, except on special occasions. Yes there are a lot of people here with the wherewithal to spend as much as they please, but that is not comparable as that can be said for most relatively prosperous areas in the country.


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